Advanced Micro Devices’ (AMD) “Equal Weight” Rating Reaffirmed at Morgan Stanley

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $260.00 price objective on the semiconductor manufacturer’s stock. Morgan Stanley’s price target would suggest a potential upside of 9.46% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Dbs Bank raised shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 6th. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Saturday. HSBC boosted their price objective on Advanced Micro Devices from $185.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Jefferies Financial Group set a $300.00 target price on Advanced Micro Devices and gave the stock a “positive” rating in a research report on Monday, October 6th. Finally, TD Cowen upped their price target on Advanced Micro Devices from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $271.20.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $237.52 on Wednesday. The firm has a market cap of $386.69 billion, a price-to-earnings ratio of 136.51, a PEG ratio of 2.42 and a beta of 1.93. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $202.47 and its two-hundred day moving average is $161.38. Advanced Micro Devices has a 52-week low of $76.48 and a 52-week high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $9.25 billion during the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Advanced Micro Devices has set its Q4 2025 guidance at EPS. Analysts forecast that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the sale, the executive vice president owned 1,714,505 shares of the company’s stock, valued at approximately $384,529,181.40. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the transaction, the executive vice president owned 311,598 shares of the company’s stock, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 264,118 shares of company stock valued at $44,448,619. 0.06% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 0.9% during the third quarter. Vanguard Group Inc. now owns 155,997,751 shares of the semiconductor manufacturer’s stock valued at $25,238,876,000 after purchasing an additional 1,348,892 shares in the last quarter. State Street Corp grew its position in Advanced Micro Devices by 0.8% in the 2nd quarter. State Street Corp now owns 72,069,259 shares of the semiconductor manufacturer’s stock valued at $10,226,628,000 after buying an additional 581,330 shares in the last quarter. Geode Capital Management LLC increased its stake in Advanced Micro Devices by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer’s stock valued at $5,181,556,000 after buying an additional 514,445 shares during the period. Norges Bank acquired a new position in Advanced Micro Devices during the 2nd quarter valued at about $3,094,662,000. Finally, Amundi raised its position in shares of Advanced Micro Devices by 8.0% during the 1st quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock worth $1,677,014,000 after buying 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.