Advanced Micro Devices (NASDAQ:AMD) Raised to "Outperform" at Wolfe Research

Key Points

• Advanced Micro Devices (AMD) was upgraded to an "outperform" rating by Wolfe Research, with a price target of $300.00, suggesting a potential upside of 37.56% from its previous close.
• The semiconductor manufacturer recently reported earnings of $0.48 per share, missing consensus estimates but achieved a revenue of $7.69 billion, surpassing expectations.
• Insider trading activity has been noted with significant stock sales by executives, impacting their ownership percentages, as over 257,000 shares were sold in the last three months.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) was upgraded by equities researchers at Wolfe Research from a "peer perform" rating to an "outperform" rating in a research report issued on Tuesday, Marketbeat reports. The brokerage currently has a $300.00 price target on the semiconductor manufacturer's stock. Wolfe Research's price target would suggest a potential upside of 37.56% from the company's previous close.

Several other brokerages have also recently weighed in on AMD. KGI Securities set a $260.00 target price on Advanced Micro Devices and gave the stock an "outperform" rating in a report on Monday. Seaport Res Ptn lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. Truist Financial reaffirmed a "buy" rating and issued a $273.00 price target (up previously from $213.00) on shares of Advanced Micro Devices in a research report on Tuesday, October 7th. Weiss Ratings cut shares of Advanced Micro Devices from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 8th. Finally, UBS Group upped their price objective on Advanced Micro Devices from $210.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.00.

Advanced Micro Devices Price Performance

AMD opened at $218.09 on Tuesday. The business has a fifty day moving average of $172.00 and a 200 day moving average of $138.97. Advanced Micro Devices has a 52-week low of $76.48 and a 52-week high of $240.10. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock has a market cap of $353.93 billion, a P/E ratio of 125.34, a PEG ratio of 2.54 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The company had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the transaction, the executive vice president owned 313,848 shares of the company's stock, valued at $50,507,558.64. This trade represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the transaction, the senior vice president owned 9,033 shares of the company's stock, valued at $2,041,548.33. The trade was a 24.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 257,318 shares of company stock worth $42,412,815. 0.06% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC grew its position in shares of Advanced Micro Devices by 534.5% during the 3rd quarter. DAVENPORT & Co LLC now owns 107,868 shares of the semiconductor manufacturer's stock valued at $17,452,000 after acquiring an additional 90,867 shares during the period. Plancorp LLC grew its position in shares of Advanced Micro Devices by 12.4% during the 3rd quarter. Plancorp LLC now owns 5,243 shares of the semiconductor manufacturer's stock valued at $848,000 after acquiring an additional 577 shares during the period. Net Worth Advisory Group grew its holdings in Advanced Micro Devices by 23.7% in the third quarter. Net Worth Advisory Group now owns 6,926 shares of the semiconductor manufacturer's stock valued at $1,120,000 after purchasing an additional 1,325 shares during the period. Key Client Fiduciary Advisors LLC grew its holdings in Advanced Micro Devices by 10.6% in the third quarter. Key Client Fiduciary Advisors LLC now owns 7,916 shares of the semiconductor manufacturer's stock valued at $1,281,000 after purchasing an additional 756 shares during the period. Finally, Wealth Alliance Advisory Group LLC acquired a new stake in Advanced Micro Devices in the third quarter valued at approximately $1,421,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.