Wedbush Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $115.00

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its target price reduced by equities research analysts at Wedbush from $150.00 to $115.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the semiconductor manufacturer's stock. Wedbush's target price points to a potential upside of 19.00% from the company's previous close. Wedbush also issued estimates for Advanced Micro Devices' Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.93 EPS, Q4 2025 earnings at $1.12 EPS, FY2025 earnings at $3.64 EPS and FY2026 earnings at $5.48 EPS.

AMD has been the topic of several other research reports. StockNews.com cut shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Hsbc Global Res lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. TD Cowen decreased their price target on shares of Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Summit Insights raised Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus price target of $140.57.

Advanced Micro Devices Trading Up 2.3 %

Shares of AMD stock traded up $2.17 during mid-day trading on Wednesday, reaching $96.64. The stock had a trading volume of 28,515,570 shares, compared to its average volume of 42,814,596. The firm has a market capitalization of $156.20 billion, a PE ratio of 97.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The stock's 50-day moving average price is $98.72 and its two-hundred day moving average price is $120.55. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 52-week low of $76.48 and a 52-week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts expect that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Philip Guido bought 4,645 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the 4th quarter worth $26,000. Greenline Partners LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $30,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.