Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Has Consensus Price Target of $567.62 According to Analysts

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been assigned an average recommendation of “Moderate Buy” from the forty-six research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-two have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $569.25.

Several brokerages recently issued reports on AMD. CLSA reaffirmed an “outperform” rating and set a $710.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, September 9th. Jefferies Financial Group set a $650.00 price objective on Advanced Micro Devices in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Advanced Micro Devices in a research note on Monday, August 3rd. Raymond James Financial raised Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $565.00 to $641.00 in a research note on Tuesday, August 25th. Finally, Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th.

Key Advanced Micro Devices News

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

• Positive Sentiment: Stifel Nicolaus reiterated a Buy rating and raised its AMD price target from $635 to $700, implying additional upside. Analyst Ruben Roy expects a third-quarter “beat-and-raise,” supported by EPYC server processors, with the MI450 product launch and profit margins key to the fourth-quarter outlook. Stifel Raises AMD Stock Price Target Ahead of Q3 Earnings
• Positive Sentiment: AMD’s history of exceeding earnings estimates, together with favorable analyst and company projections, has increased expectations for another quarterly earnings beat. A strong report could support the stock’s recent rally. Why Advanced Micro Could Beat Earnings Estimates Again
• Positive Sentiment: Investors continue to view AMD as a major beneficiary of expanding AI inference and data-center demand. Its planned World Labs acquisition and relationships with major customers such as OpenAI and Meta are intended to strengthen its AI opportunity. AMD’s $8.2 Billion AI Bet
• Neutral Sentiment: Broader market conditions remain supportive: strategists argue that the S&P 500’s historically low PEG ratio suggests stocks may not be as expensive relative to expected growth as headline valuations imply. Are Stocks Expensive?
• Negative Sentiment: AMD’s valuation is a central concern. Commentators note that it is substantially more expensive than Nvidia on forward earnings measures, while its roughly 162 price-to-earnings ratio leaves little room for an earnings miss or weaker guidance. Bull v. Bear: AMD More Expensive than Nvidia
• Negative Sentiment: AMD has reportedly committed up to 320 million shares to OpenAI and Meta at a nominal price, potentially increasing the share count and creating future dilution for existing shareholders. AMD Share Commitments to OpenAI and Meta
• Negative Sentiment: Reports of leaked details involving a canceled Ryzen 9 5900X3D processor added a minor headline risk, although the leak itself does not materially change AMD’s longer-term AI and data-center thesis. AMD Stock Slips After Ryzen CPU Leak

Advanced Micro Devices Trading Down 0.3%

AMD opened at $631.75 on Tuesday. Advanced Micro Devices has a twelve month low of $188.22 and a twelve month high of $645.46. The company has a 50-day simple moving average of $515.38 and a 200 day simple moving average of $449.17. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 162.40, a P/E/G ratio of 6.58 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. Analysts predict that Advanced Micro Devices will post 6.43 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Paul Grasby sold 15,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the sale, the executive vice president directly owned 117,687 shares in the company, valued at approximately $60,598,213.17. This trade represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa Su sold 70,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 3,032,156 shares of the company’s stock, valued at $1,536,696,660.80. The trade was 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. In the last three months, insiders sold 213,838 shares of company stock worth $105,533,836. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMD. Bank of America Corp DE purchased a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $7,022,226,000. Cardano Risk Management B.V. purchased a new stake in Advanced Micro Devices in the 4th quarter worth about $1,000,783,000. BlackRock Inc. raised its stake in Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after acquiring an additional 4,535,126 shares during the period. Franklin Resources Inc. raised its stake in Advanced Micro Devices by 340.1% in the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock valued at $1,016,796,000 after acquiring an additional 3,669,054 shares during the period. Finally, Jupiter Topco LLC purchased a new stake in Advanced Micro Devices during the second quarter valued at about $2,084,651,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

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

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