Advanced Micro Devices’ (AMD) Sector Perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their sector perform rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a report published on Thursday,Benzinga reports. The firm currently has a $540.00 price target on the semiconductor manufacturer’s stock.

Several other equities research analysts have also commented on AMD. Wells Fargo & Company cut their price target 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, November 4th. DA Davidson upped their price objective on shares of Advanced Micro Devices from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. BMO Capital Markets initiated coverage on Advanced Micro Devices in a report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price objective on the stock. Susquehanna lifted their target price on Advanced Micro Devices from $620.00 to $650.00 and gave the stock a “positive” rating in a research report on Wednesday, October 28th. Finally, Melius Research set a $650.00 target price on Advanced Micro Devices in a report on Wednesday, November 4th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $640.11.

Advanced Micro Devices Stock Down 8.8%

AMD stock traded down $51.24 during midday trading on Thursday, reaching $534.06. 49,061,909 shares of the company were exchanged, compared to its average volume of 33,352,236. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72. Advanced Micro Devices has a 1-year low of $188.22 and a 1-year high of $658.52. The stock’s 50-day simple moving average is $554.55 and its 200 day simple moving average is $422.13. The company has a market cap of $875.90 billion, a price-to-earnings ratio of 116.10, a price-to-earnings-growth ratio of 5.63 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The business had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The company’s revenue for the quarter was up 44.7% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices will post 6.93 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 70,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the transaction, the chief executive officer directly owned 3,032,156 shares in the company, valued at approximately $1,536,696,660.80. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 160,979 shares in the company, valued at approximately $76,316,924.32. The trade was 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. Insiders have sold a total of 232,588 shares of company stock worth $116,292,222 over the last three months. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently bought and sold shares of the company. DecisionPoint Financial LLC boosted its holdings in shares of Advanced Micro Devices by 79.2% in the third quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 19 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in Advanced Micro Devices during the third quarter worth about $29,000. JNBA Financial Advisors raised its holdings in 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 purchasing an additional 30 shares in the last quarter. Downshift Financial LLC raised its holdings in Advanced Micro Devices by 850.0% during the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 51 shares in the last quarter. Finally, Sawyer & Company Inc acquired a new stake in Advanced Micro Devices in the third quarter valued at about $37,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Advanced Micro Devices

These are some of the AMD headlines that stood out recently:

• Positive Sentiment: Google’s selection of AMD EPYC processors for infrastructure supporting its next-generation TPU chips strengthens AMD’s role in hyperscaler AI systems and could support data-center growth. How to Play AMD Stock as Google Picks EPYC for Its Next-Gen TPUs
• Negative Sentiment: Chip stocks sold off as investors reassessed whether Nvidia’s turmoil would benefit competitors or signal wider risks to the AI trade. AMD’s decline also reflected profit-taking after a sharp rally; its elevated valuation may make the stock more vulnerable to sentiment shifts. AMD and other chip stocks slide as Wall Street rethinks the AI trade
• Neutral Sentiment: Director Nora Denzel disclosed a sale of 9,000 AMD shares. The transaction is a modest insider sale and does not by itself establish a change in the company’s outlook. SEC filing

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.