Advanced Micro Devices’ (AMD) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a report issued on Wednesday,Benzinga reports. The brokerage currently has a $700.00 target price on the semiconductor manufacturer’s stock.

Several other research firms have also weighed in on AMD. Sanford C. Bernstein reiterated an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday. Weiss Ratings raised shares of Advanced Micro Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Raymond James Financial reissued a “strong-buy” rating and issued a $649.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Mizuho decreased their target price on Advanced Micro Devices from $705.00 to $610.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $643.69.

Advanced Micro Devices Stock Up 11.0%

NASDAQ AMD traded up $44.64 on Wednesday, hitting $449.04. 45,659,370 shares of the stock traded hands, compared to its average volume of 21,429,916. The stock has a 50-day moving average of $546.81 and a 200 day moving average of $414.98. Advanced Micro Devices has a twelve month low of $188.22 and a twelve month high of $658.52. The company has a market capitalization of $733.04 billion, a P/E ratio of 97.62, a price-to-earnings-growth ratio of 4.79 and a beta of 2.49. 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 (NASDAQ:AMD) last issued its quarterly earnings results 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. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The business’s quarterly 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. As a group, analysts expect that Advanced Micro Devices will post 6.57 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 28,811 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were 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 owned 353,317 shares of the company’s stock, valued at $191,038,501.90. This trade represents a 4.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 worth $114,867,400 over the last ninety days. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth $7,022,226,000. BlackRock Inc. boosted its stake in Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after buying an additional 4,535,126 shares in the last quarter. Jupiter Topco LLC bought a new position in Advanced Micro Devices during the second quarter valued at about $2,084,651,000. Wellington Management Group LLP grew its holdings 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 acquiring an additional 2,365,419 shares during the period. Finally, State Street Corp grew its holdings 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 acquiring an additional 2,149,563 shares during the period. 71.34% of the stock is owned by institutional investors.

Key Stories Impacting Advanced Micro Devices

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.