Advanced Micro Devices' (AMD) Outperform Rating Reaffirmed at Wedbush

Advanced Micro Devices (NASDAQ:AMD - Get Free Report)'s stock had its "outperform" rating restated by equities researchers at Wedbush in a note issued to investors on Tuesday, Benzinga reports. They presently have a $600.00 target price on the semiconductor manufacturer's stock. Wedbush's price objective would indicate a potential upside of 13.61% from the company's current price.

A number of other research analysts have also recently issued reports on AMD. The Goldman Sachs Group lifted their price objective on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the company a "buy" rating in a report on Monday, July 6th. Truist Financial lifted their price objective on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. William Blair reiterated a "market perform" rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $603.51.

Advanced Micro Devices Stock Down 1.8%

Shares of NASDAQ AMD opened at $528.12 on Tuesday. The stock has a market capitalization of $862.14 billion, a P/E ratio of 135.41, a P/E/G ratio of 5.43 and a beta of 2.45. The company has a 50-day moving average price of $538.39 and a 200-day moving average price of $476.52. Advanced Micro Devices has a 1 year low of $188.22 and a 1 year high of $658.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business's revenue was up 50.1% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. On average, equities research analysts forecast that Advanced Micro Devices will post 6.49 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the sale, the executive vice president owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa T. Su sold 70,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the sale, the chief executive officer directly owned 3,032,156 shares in the company, valued at approximately $1,536,696,660.80. This represents a 2.26% 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 231,100 shares of company stock valued at $114,867,400 in the last quarter. 0.50% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $29,000. JNBA Financial Advisors raised its position in shares of Advanced Micro Devices by 142.9% in the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock valued at $30,000 after purchasing an additional 30 shares during the period. Downshift Financial LLC raised its position in shares of Advanced Micro Devices by 850.0% in the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock valued at $35,000 after purchasing an additional 51 shares during the period. Bullseye Investment Management LLC bought a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $44,000. Finally, Luminist Capital LLC bought a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $46,000. Institutional investors own 71.34% of the company's stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: Wedbush reaffirmed its bullish view: The firm maintained an “Outperform” rating and set a $600 price target, implying additional upside from current levels. Benzinga analyst note
• Positive Sentiment: AI and data-center demand remain key catalysts: Recent coverage points to potential growth in agentic AI, data-center infrastructure, high-performance computing and PC processors. TD Cowen previously reiterated a Buy rating and a $675 target, citing the possibility of roughly 70% growth in AMD CPU sales next year. Why AMD Stock Popped on Monday
• Positive Sentiment: Growth expectations are elevated: AMD is expected to generate approximately $13 billion in third-quarter revenue, up about 41% year over year. The company has exceeded the high end of its own revenue guidance in each of the past two quarters, supporting optimism ahead of its next earnings report. AMD earnings outlook
• Neutral Sentiment: Industry opportunity: A market report projects global semiconductor intellectual-property revenue will increase from $7.3 billion in 2024 to $9.2 billion by 2030, reflecting ongoing demand for AI, 5G and system-on-chip designs. AMD is among the companies covered, but the report does not represent a company-specific catalyst. Semiconductor IP market forecast
• Negative Sentiment: AI sentiment has weakened: AMD, Nvidia and Intel faced renewed premarket pressure as investors questioned the pace and financing of AI infrastructure spending. Warnings about a potential AI-stock bubble, delayed projects and leverage could increase volatility for highly valued chipmakers. AI chip stocks under pressure
• Negative Sentiment: Valuation and insider selling remain risks: AMD trades at a premium valuation, while EVP Forrest Norrod sold 17,262 shares worth about $9.3 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the sale and his remaining stake reduce its significance, but it may still weigh on sentiment. AMD insider sale

Advanced Micro Devices Company Profile

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.