Advanced Micro Devices’ (AMD) “Outperform” Rating Reiterated at Wedbush

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “outperform” rating reaffirmed by analysts at Wedbush in a report released on Tuesday, Benzinga reports. They currently have a $600.00 price target on the semiconductor manufacturer’s stock. Wedbush’s target price indicates a potential upside of 10.64% from the stock’s current price.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group raised their price objective on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Jefferies Financial Group set a $650.00 price objective on Advanced Micro Devices in a research note on Wednesday, August 5th. DA Davidson raised their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company raised their price objective on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $603.51.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $4.26 on Tuesday, reaching $542.31. 6,379,400 shares of the stock traded hands, compared to its average volume of 32,032,809. The firm’s fifty day simple moving average is $538.39 and its 200 day simple moving average is $476.52. 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 company has a market cap of $885.30 billion, a price-to-earnings ratio of 139.21, a P/E/G ratio of 5.43 and a beta of 2.45. Advanced Micro Devices has a 12 month low of $188.22 and a 12 month high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results 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 firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The firm’s quarterly revenue was up 50.1% on a year-over-year basis. During the same period last year, the company posted $0.48 EPS. As a group, research analysts predict that Advanced Micro Devices will post 6.49 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa Su sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the completion of the sale, the chief executive officer directly owned 74,211 shares of the company’s stock, valued at $37,609,392.69. This trade represents a 25.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This represents a 8.52% 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. Over the last quarter, insiders sold 231,100 shares of company stock worth $114,867,400. 0.50% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

A number of hedge funds have recently modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $29,000. JNBA Financial Advisors raised its holdings in shares of Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 30 shares during the period. Graney & King LLC bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $31,000. Main Street Group LTD bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $33,000. Finally, Downshift Financial LLC raised its holdings in shares of Advanced Micro Devices by 850.0% in the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors 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: Analyst support: Wedbush reaffirmed its “outperform” rating and set a $600 price target. TD Cowen also maintained a Buy rating with a $675 target, citing potential agentic-AI demand that could increase AMD’s CPU sales by approximately 70% next year. Why AMD Stock Popped on Monday
• Positive Sentiment: Strong growth expectations: AMD is expected to report roughly $13 billion in third-quarter revenue, up about 41% year over year, ahead of its anticipated November 3 earnings report. The company has exceeded the high end of its own revenue guidance in each of the past two quarters. AMD Stock Is Up Over 140% This Year
• Positive Sentiment: AI infrastructure opportunity: Bullish coverage argues that the AI buildout remains in its early stages, with continued demand for accelerators, high-precision computing, data-center processors and related semiconductor infrastructure. AMD’s exposure to data centers, PCs, gaming and research computing could provide diversification beyond AI accelerators. 4 Stocks With Demand So Sticky That the AI Sell-Off Barely Touched Them
• Neutral Sentiment: Insider sale: EVP Forrest Norrod sold 17,262 shares for approximately $9.3 million under a pre-arranged Rule 10b5-1 plan. He retained 353,317 shares, making the transaction a limited signal about AMD’s outlook.
• Negative Sentiment: AI-sector volatility: Nvidia, AMD and other semiconductor stocks came under renewed pressure as investors questioned the sustainability, financing and timing of AI capital expenditures. A week-long selloff and warnings of an AI bubble continue to cap near-term gains. Nvidia, AMD and Intel Stocks Fall Again
• Negative Sentiment: Valuation risk: After gaining more than 155% this year, AMD trades at a demanding valuation. Analysts caution that the stock now requires rapid earnings growth and flawless execution, leaving it vulnerable to profit-taking or weaker-than-expected guidance. AMD Downgrade Analysis

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.