Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $600.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective lifted by DA Davidson from $550.00 to $600.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. DA Davidson‘s target price would suggest a potential upside of 23.99% from the stock’s current price.

A number of other equities research analysts also recently weighed in on AMD. CLSA reaffirmed an “outperform” rating and set a $710.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Cantor Fitzgerald reissued an “overweight” rating and issued a $700.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Wall Street Zen lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Thursday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $608.49.

Advanced Micro Devices Trading Up 3.7%

Shares of AMD stock opened at $483.90 on Wednesday. The firm has a fifty day moving average of $548.70 and a 200-day moving average of $411.73. The stock has a market cap of $789.95 billion, a price-to-earnings ratio of 124.40, a P/E/G ratio of 4.79 and a beta of 2.49. Advanced Micro Devices has a 52-week low of $188.22 and a 52-week high of $658.52. 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 (NASDAQ:AMD) last issued 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 business had revenue of $13.38 billion for 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 firm’s revenue was up 44.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 EPS. On average, equities research analysts forecast that Advanced Micro Devices will post 6.50 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Mark Papermaster sold 28,811 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 70,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the sale, the chief executive officer directly owned 3,032,156 shares of the company’s stock, valued at $1,536,696,660.80. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 231,100 shares of company stock worth $114,867,400 over the last ninety days. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. DecisionPoint Financial LLC lifted its holdings in Advanced Micro Devices by 79.2% during the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 19 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at $29,000. JNBA Financial Advisors raised its position in shares of Advanced Micro Devices by 142.9% during the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 30 shares during the last quarter. Graney & King LLC bought a new stake in shares of Advanced Micro Devices during the first quarter worth $31,000. Finally, Main Street Group LTD acquired a new position in shares of Advanced Micro Devices during the first quarter valued at $33,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices News Summary

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.