Bank of America Increases Advanced Micro Devices (NASDAQ:AMD) Price Target to $300.00

Key Points

• Bank of America has raised the price target for Advanced Micro Devices (AMD) from $250.00 to $300.00, indicating a potential upside of 27.90% from the stock's current price.
• The overall consensus rating for AMD remains a "Moderate Buy" with a target price averaging $233.94, while three analysts rated it as a "Strong Buy."
• In recent trading, AMD's stock opened at $234.56, with a 12-month high of $241.20 and reported a revenue increase of 31.7% from the previous year.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price objective lifted by equities research analysts at Bank of America from $250.00 to $300.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor manufacturer's stock. Bank of America's price objective would suggest a potential upside of 27.90% from the stock's current price.

Several other equities research analysts have also issued reports on AMD. Melius Research set a $300.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 6th. Truist Financial reiterated a "buy" rating and set a $273.00 target price (up from $213.00) on shares of Advanced Micro Devices in a research report on Tuesday, October 7th. Benchmark lifted their target price on shares of Advanced Micro Devices from $210.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, October 6th. Sanford C. Bernstein lifted their target price on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research report on Monday, July 21st. Finally, Evercore ISI lifted their target price on shares of Advanced Micro Devices from $188.00 to $240.00 and gave the company an "outperform" rating in a research report on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $233.94.

Advanced Micro Devices Price Performance

AMD stock opened at $234.56 on Friday. The firm has a 50 day moving average of $174.75 and a 200-day moving average of $140.57. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Advanced Micro Devices has a 12 month low of $76.48 and a 12 month high of $241.20. The firm has a market capitalization of $380.65 billion, a P/E ratio of 134.80, a price-to-earnings-growth ratio of 2.38 and a beta of 1.90.

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

Insider Activity

In related news, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction on 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 directly owned 9,033 shares of the company's stock, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the business'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 transaction, the executive vice president directly owned 313,848 shares in the company, valued at approximately $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 257,318 shares of company stock valued at $42,412,815 in the last three months. Corporate insiders own 0.06% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bellecapital International Ltd. increased its position in Advanced Micro Devices by 0.9% during the 3rd quarter. Bellecapital International Ltd. now owns 169,810 shares of the semiconductor manufacturer's stock valued at $27,474,000 after purchasing an additional 1,455 shares during the period. Apollon Financial LLC grew its position in shares of Advanced Micro Devices by 9.5% in the 3rd quarter. Apollon Financial LLC now owns 2,268 shares of the semiconductor manufacturer's stock worth $367,000 after buying an additional 197 shares during the period. Apollon Wealth Management LLC grew its position in shares of Advanced Micro Devices by 7.7% in the 3rd quarter. Apollon Wealth Management LLC now owns 81,670 shares of the semiconductor manufacturer's stock worth $13,213,000 after buying an additional 5,829 shares during the period. 180 Wealth Advisors LLC grew its position in shares of Advanced Micro Devices by 77.0% in the 3rd quarter. 180 Wealth Advisors LLC now owns 6,725 shares of the semiconductor manufacturer's stock worth $1,088,000 after buying an additional 2,926 shares during the period. Finally, Lockerman Financial Group Inc. purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter worth about $210,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.

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