Advanced Micro Devices (NASDAQ:AMD) Receives Buy Rating from Bank of America

Bank of America reissued their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report released on Wednesday morning,Benzinga reports. They currently have a $300.00 target price on the semiconductor manufacturer’s stock.

Several other analysts also recently commented on AMD. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Evercore ISI boosted their target price on shares of Advanced Micro Devices from $270.00 to $283.00 and gave the company an “outperform” rating in a research report on Wednesday. Seaport Res Ptn downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Citigroup boosted their price objective on Advanced Micro Devices from $215.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $273.49.

Advanced Micro Devices Stock Performance

AMD stock traded down $11.42 during midday trading on Wednesday, reaching $247.47. The stock had a trading volume of 52,822,795 shares, compared to its average volume of 50,146,852. The firm has a fifty day simple moving average of $204.41 and a two-hundred day simple moving average of $162.06. Advanced Micro Devices has a 52-week low of $76.48 and a 52-week high of $267.08. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a market cap of $402.89 billion, a PE ratio of 141.97, a P/E/G ratio of 2.42 and a beta of 1.93.

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

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the transaction, the chief executive officer owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 264,118 shares of company stock worth $44,448,619. 0.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently added to or reduced their stakes in AMD. Vanguard Group Inc. lifted its stake in Advanced Micro Devices by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 155,997,751 shares of the semiconductor manufacturer’s stock valued at $25,238,876,000 after buying an additional 1,348,892 shares in the last quarter. State Street Corp raised its holdings in shares of Advanced Micro Devices by 0.8% during 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 acquiring an additional 581,330 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Advanced Micro Devices by 1.4% during 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 acquiring an additional 514,445 shares during the last quarter. Norges Bank purchased a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $3,094,662,000. Finally, Amundi boosted its stake 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 worth $1,677,014,000 after acquiring an additional 1,319,064 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.