Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $650.00

Advanced Micro Devices (NASDAQ:AMD) had its target price hoisted by Piper Sandler from $600.00 to $650.00 in a research note issued to investors on Wednesday,Benzinga reports. Piper Sandler currently has an overweight rating on the semiconductor manufacturer’s stock.

Other analysts have also issued research reports about the stock. KeyCorp restated an “overweight” rating and set a $725.00 price target on shares of Advanced Micro Devices in a research report on Wednesday. Royal Bank Of Canada set a $675.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. Wells Fargo & Company lowered their target price on shares of Advanced Micro Devices from $700.00 to $650.00 and set an “overweight” rating on the stock in a research note on Wednesday. William Blair restated a “market perform” rating on shares of Advanced Micro Devices in a research report on Wednesday. Finally, Wall Street Zen lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $643.69.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded up $44.64 during mid-day trading on Wednesday, hitting $449.04. The company had a trading volume of 45,659,370 shares, compared to its average volume of 21,429,916. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 12-month low of $188.22 and a 12-month high of $658.52. The company’s fifty day moving average is $546.81 and its 200-day moving average is $414.98. The company has a market capitalization of $733.04 billion, a price-to-earnings ratio of 97.62, a P/E/G ratio of 4.79 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.14. The firm had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business’s quarterly revenue was up 44.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. Equities research analysts predict that Advanced Micro Devices will post 6.57 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa Su sold 25,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the transaction, the chief executive officer directly owned 74,211 shares of the company’s stock, valued at $37,609,392.69. The trade was a 25.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the sale, the executive vice president owned 160,979 shares of the company’s stock, valued at $76,316,924.32. This represents a 8.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 231,100 shares of company stock valued at $114,867,400. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several large investors have recently modified their holdings of AMD. Cornerstone Advisory LLC increased its stake in Advanced Micro Devices by 1.7% during the third quarter. Cornerstone Advisory LLC now owns 4,810 shares of the semiconductor manufacturer’s stock worth $2,942,000 after purchasing an additional 80 shares during the period. Ibex Wealth Advisors increased its holdings in shares of Advanced Micro Devices by 7.8% in the 3rd quarter. Ibex Wealth Advisors now owns 11,245 shares of the semiconductor manufacturer’s stock valued at $6,879,000 after acquiring an additional 816 shares during the last quarter. Shah Wealth Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $497,000. Wellington Grp LLC raised its position in shares of Advanced Micro Devices by 136.6% during the 3rd quarter. Wellington Grp LLC now owns 9,858 shares of the semiconductor manufacturer’s stock worth $6,031,000 after acquiring an additional 5,692 shares in the last quarter. Finally, Purkiss Capital Advisors LLC lifted its stake in Advanced Micro Devices by 1,584.4% during the third quarter. Purkiss Capital Advisors LLC now owns 6,805 shares of the semiconductor manufacturer’s stock worth $4,163,000 after purchasing an additional 6,401 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD reported record quarterly revenue of $13.38 billion, up 44.7% year over year, and earnings per share of $2.09, beating analyst estimates. Data-center revenue nearly doubled, helped by demand for AI chips. Stock Market Today, Nov. 6: AMD Surges on Record Quarterly Revenue and Stronger Growth Outlook
• Positive Sentiment: Management signaled faster growth ahead, forecasting revenue to rise more than 80% in 2027 and describing AMD’s AI business as poised for further expansion. CEO Lisa Su said the company has good visibility into data-center capacity needs through 2027. Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027
• Positive Sentiment: AMD’s rebound also came as investors bought semiconductor shares after Thursday’s sector-wide rout, suggesting some buyers viewed the selloff as an opportunity. Su pushed back on concerns about AI spending, calling the market’s reaction short-sighted. Chip Stocks Rebound, but Is the AI Selloff Over?
• Negative Sentiment: Some analysts warn that AMD’s premium valuation leaves the stock vulnerable if growth expectations or broader enthusiasm for AI weaken. A recent downgrade cited competition from Nvidia and Arm, as well as potential multiple compression. AMD: This Selloff Isn’t Enough
• Negative Sentiment: Despite the rebound, investors remain concerned about AI-chip valuations, heavy data-center spending, possible regulation and the durability of customer returns. These sector pressures could keep AMD shares volatile. AI Stocks Hit by Midterm Shock and Data-Center Spending Concerns

About Advanced Micro Devices

Advanced Micro Devices, Inc (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors.

The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.