Advanced Micro Devices' (AMD) "Overweight" Rating Reiterated at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald reiterated its Overweight rating on AMD and set a $700 price target, implying 44.66% upside from the stock’s price at the time of the report.
• Analyst sentiment is broadly positive: MarketBeat reported a “Moderate Buy” consensus and an average price target of $605.11, though ratings ranged from Strong Buy to Sell.
• AMD beat quarterly expectations, reporting earnings of $2.09 per share versus $1.95 expected and revenue of $13.38 billion versus $13.10 billion; revenue rose 44.7% year over year.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report)'s stock had its "overweight" rating restated by stock analysts at Cantor Fitzgerald in a report released on Wednesday, Benzinga reports. They presently have a $700.00 target price on the semiconductor manufacturer's stock. Cantor Fitzgerald's price objective indicates a potential upside of 44.66% from the company's current price.

AMD has been the subject of a number of other reports. Citigroup lifted their price objective on Advanced Micro Devices from $575.00 to $800.00 and gave the stock a "buy" rating in a research note on Tuesday, October 6th. DA Davidson increased their target price on Advanced Micro Devices from $425.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Zacks Research cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 1st. Stifel Nicolaus set a $725.00 target price on Advanced Micro Devices and gave the stock a "buy" rating in a report on Wednesday. Finally, CLSA restated an "outperform" rating and set a $710.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $605.11.

Advanced Micro Devices Price Performance

AMD opened at $483.90 on Wednesday. The company has a fifty day moving average price of $548.70 and a two-hundred day moving average price of $411.73. The firm has a market capitalization of $789.95 billion, a PE ratio of 124.40, a P/E/G ratio of 4.79 and a beta of 2.49. Advanced Micro Devices has a 52 week low of $188.22 and a 52 week high of $658.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The firm's quarterly revenue was up 44.7% on a year-over-year basis. As a group, analysts anticipate that Advanced Micro Devices will post 6.50 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Norrod sold 17,262 shares of the company's stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the transaction, the executive vice president directly owned 353,317 shares of the company's stock, valued at approximately $191,038,501.90. This represents a 4.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the transaction, the executive vice president owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. This trade represents a 2.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 231,100 shares of company stock valued at $114,867,400 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently modified their holdings of AMD. rebel Financial LLC acquired a new position in Advanced Micro Devices during the third quarter worth $234,000. StoneRidge PMG Advisors LLC bought a new position in Advanced Micro Devices in the third quarter valued at $2,175,000. Burton Enright Welch increased its stake in Advanced Micro Devices by 4.5% in the 3rd quarter. Burton Enright Welch now owns 1,030 shares of the semiconductor manufacturer's stock valued at $630,000 after buying an additional 44 shares during the last quarter. Beverly Hills Private Wealth LLC increased its stake in Advanced Micro Devices by 6.4% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 635 shares of the semiconductor manufacturer's stock valued at $388,000 after buying an additional 38 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC increased its stake in Advanced Micro Devices by 6.1% in the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 10,791 shares of the semiconductor manufacturer's stock valued at $6,602,000 after buying an additional 622 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Quarterly results beat expectations. AMD reported fiscal Q3 adjusted EPS of $2.09 and revenue of $13.38 billion, ahead of analyst forecasts. Data-center revenue rose 97% year over year to $8.55 billion, powered by record sales of Instinct GPUs and EPYC CPUs. Reuters report
• Positive Sentiment: Outlook reinforces the AI growth story. Management forecast about $17 billion in Q4 revenue, above expectations, and expects AI data-center revenue to more than double in 2027. The outlook helped ease concerns about whether AI-chip spending can sustain its pace. Benzinga report
• Positive Sentiment: Analyst support adds to investor confidence. TD Cowen called AMD a top pick, citing strong AI momentum after the results, while Wedbush reiterated an Outperform rating and a $600 price target. TipRanks report
• Neutral Sentiment: Broader U.S. futures also rebounded in morning trading, providing a supportive market backdrop, though this move was not specific to AMD. Barchart report
• Negative Sentiment: Execution and valuation risks remain. The Q4 adjusted gross-margin outlook of 55% was slightly below analyst expectations, and AMD faces tight supplies of high-bandwidth memory needed for AI processors. Commentary also flagged rising inventory and weaker free cash flow as potential costs of the rapid expansion; AMD’s high valuation leaves less room for execution misses. Economic Times report

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.

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