The Goldman Sachs Group Increases Advanced Micro Devices (NASDAQ:AMD) Price Target to $210.00

Key Points

• The Goldman Sachs Group raised the price target for Advanced Micro Devices (AMD) from $150.00 to $210.00, maintaining a "neutral" rating despite potential downside from the latest close.
• Wells Fargo increased its price target to $275.00 while maintaining an "overweight" rating, with other firms also adjusting their targets ranging from $240.00 to $300.00.
• Insider selling activity included EVP Mark D. Papermaster selling 17,998 shares for nearly $2.8 million, indicating ongoing financial maneuvering within the company.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its target price upped by equities researchers at The Goldman Sachs Group from $150.00 to $210.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the semiconductor manufacturer's stock. The Goldman Sachs Group's target price indicates a potential downside of 10.82% from the stock's previous close.

A number of other research firms also recently weighed in on AMD. Wells Fargo & Company upped their price target on shares of Advanced Micro Devices from $185.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday. Piper Sandler reiterated an "overweight" rating and issued a $240.00 price objective on shares of Advanced Micro Devices in a report on Tuesday. Erste Group Bank cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Melius Research set a $300.00 price objective on shares of Advanced Micro Devices in a report on Monday. Finally, Evercore ISI upped their price objective on shares of Advanced Micro Devices from $188.00 to $240.00 and gave the stock an "outperform" rating in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $217.70.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded up $23.96 during trading on Wednesday, hitting $235.47. The company had a trading volume of 144,341,426 shares, compared to its average volume of 48,260,191. The company has a market cap of $382.12 billion, a P/E ratio of 135.33, a PEG ratio of 2.40 and a beta of 1.90. Advanced Micro Devices has a 52 week low of $76.48 and a 52 week high of $234.84. The business's 50-day moving average is $167.22 and its 200 day moving average is $135.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.

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

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the transaction, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 272,448 shares of company stock worth $44,554,848 in the last three months. 0.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 1.5% in the second quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer's stock valued at $21,944,673,000 after acquiring an additional 2,281,508 shares during the last quarter. State Street Corp increased its holdings in shares of Advanced Micro Devices by 0.8% in the second quarter. State Street Corp now owns 72,069,259 shares of the semiconductor manufacturer's stock valued at $10,226,628,000 after purchasing an additional 581,330 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 1.4% in the second quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer's stock valued at $5,181,556,000 after purchasing an additional 514,445 shares in the last quarter. Norges Bank acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $3,094,662,000. Finally, Amundi increased its holdings in shares of Advanced Micro Devices by 8.0% in the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer's stock valued at $1,677,014,000 after purchasing an additional 1,319,064 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

About Advanced Micro Devices

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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