Advanced Micro Devices (NASDAQ:AMD) Stock Rating Reaffirmed as “Buy” by Rosenblatt Securities

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $700.00 price objective on the semiconductor manufacturer’s stock. Rosenblatt Securities‘s price objective points to a potential upside of 44.66% from the company’s current price.

Several other equities analysts also recently commented on AMD. Benchmark boosted their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Union Gaming Research reaffirmed a “positive” rating on shares of Advanced Micro Devices in a research report on Wednesday. BMO Capital Markets initiated coverage on Advanced Micro Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective on the stock. Piper Sandler started coverage on Advanced Micro Devices in a report on Tuesday, September 15th. They issued an “overweight” rating and a $600.00 target price for the company. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $675.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $605.11.

Advanced Micro Devices Trading Up 3.7%

NASDAQ AMD opened at $483.90 on Wednesday. The firm has a 50 day simple moving average of $548.70 and a 200-day simple moving average of $411.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices has a one year low of $188.22 and a one year high of $658.52. The firm has a market cap of $789.95 billion, a price-to-earnings ratio of 124.40, a PEG ratio of 4.79 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The business’s quarterly revenue was up 44.7% compared to the same quarter last year. Equities research analysts anticipate that Advanced Micro Devices will post 6.50 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Norrod sold 17,262 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the transaction, the executive vice president directly owned 353,317 shares of the company’s stock, valued at approximately $191,038,501.90. This represents a 4.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the transaction, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 231,100 shares of company stock valued at $114,867,400 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $7,022,226,000. BlackRock Inc. grew its stake in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after buying an additional 4,535,126 shares during the last quarter. Jupiter Topco LLC acquired a new position in Advanced Micro Devices during the second quarter worth approximately $2,084,651,000. Wellington Management Group LLP increased its position in Advanced Micro Devices by 33.9% during the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after buying an additional 2,365,419 shares during the period. Finally, State Street Corp increased its position in Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after buying an additional 2,149,563 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Quarterly results beat expectations. AMD reported fiscal Q3 adjusted EPS of $2.09 and revenue of $13.38 billion, ahead of analyst forecasts. Data-center revenue rose 97% year over year to $8.55 billion, powered by record sales of Instinct GPUs and EPYC CPUs. Reuters report
• Positive Sentiment: Outlook reinforces the AI growth story. Management forecast about $17 billion in Q4 revenue, above expectations, and expects AI data-center revenue to more than double in 2027. The outlook helped ease concerns about whether AI-chip spending can sustain its pace. Benzinga report
• Positive Sentiment: Analyst support adds to investor confidence. TD Cowen called AMD a top pick, citing strong AI momentum after the results, while Wedbush reiterated an Outperform rating and a $600 price target. TipRanks report
• Neutral Sentiment: Broader U.S. futures also rebounded in morning trading, providing a supportive market backdrop, though this move was not specific to AMD. Barchart report
• Negative Sentiment: Execution and valuation risks remain. The Q4 adjusted gross-margin outlook of 55% was slightly below analyst expectations, and AMD faces tight supplies of high-bandwidth memory needed for AI processors. Commentary also flagged rising inventory and weaker free cash flow as potential costs of the rapid expansion; AMD’s high valuation leaves less room for execution misses. Economic Times report

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.