Advanced Micro Devices (NASDAQ:AMD) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Advanced Micro Devices (NASDAQ:AMD) had its target price lifted by equities researchers at Morgan Stanley from $465.00 to $510.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor manufacturer’s stock. Morgan Stanley‘s price target points to a potential upside of 5.11% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. DA Davidson increased their price target on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Advanced Micro Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Mizuho lifted their price objective on shares of Advanced Micro Devices from $580.00 to $705.00 and gave the company an “outperform” rating in a research note on Tuesday, October 6th. Rosenblatt Securities reiterated a “buy” rating and set a $700.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, September 29th. Finally, Citigroup raised their price target on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $608.78.

Advanced Micro Devices Trading Down 3.9%

Shares of AMD stock traded down $19.58 during mid-day trading on Monday, hitting $485.22. The company’s stock had a trading volume of 12,105,735 shares, compared to its average volume of 31,588,883. The company has a market cap of $792.11 billion, a PE ratio of 125.16, a P/E/G ratio of 5.18 and a beta of 2.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The company’s fifty day simple moving average is $548.29 and its 200-day simple moving average is $409.20. Advanced Micro Devices has a 52 week low of $188.22 and a 52 week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices will post 6.50 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lisa Su sold 70,000 shares of Advanced Micro Devices 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 completion of the sale, the chief executive officer owned 3,032,156 shares of the company’s stock, valued at approximately $1,536,696,660.80. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the business’s stock in a transaction 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 sale, 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 position. The SEC filing for this sale provides additional information. 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 quarter. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in AMD. First Citizens Financial Corp grew its stake in shares of Advanced Micro Devices by 3.4% in the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 16 shares in the last quarter. Fearless Solutions LLC dba Best Invest grew its stake in Advanced Micro Devices by 1.5% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer’s stock valued at $718,000 after buying an additional 17 shares in the last quarter. Private Client Services LLC lifted its position in shares of Advanced Micro Devices by 1.7% during the third quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock worth $660,000 after acquiring an additional 18 shares in the last quarter. Essential Investment Partners LLC boosted its holdings in shares of Advanced Micro Devices by 40.0% in the third quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer’s stock worth $39,000 after acquiring an additional 18 shares during the period. Finally, CKW Financial Group boosted its holdings in shares of Advanced Micro Devices by 1.3% in the third quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer’s stock worth $893,000 after acquiring an additional 18 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 Ventures and Nvidia participated in funding for Hark, an AI startup valued at $6 billion that is developing a personal assistant to compete with Grok. The investment highlights AMD’s strategic involvement in the expanding AI ecosystem. Nvidia and AMD Are Backing a $6 Billion AI Startup Taking on Grok
• Positive Sentiment: AMD is expected to report third-quarter results after the market closes on November 3. Zacks’ Earnings ESP points to another earnings beat, while some analysts continue to rate the stock a Buy ahead of the report. AMD Threatens False Breakout Ahead of Earnings
• Positive Sentiment: Tiger Global reportedly initiated a roughly $392 million AMD position, signaling institutional confidence, although ARK Invest reduced its AMD stake by 48% in the second quarter. A $24 Billion Hedge Fund Bought Advanced Micro Devices. Cathie Wood Cut Her Stake 48%. Who’s Right?
• Neutral Sentiment: Analysts are divided ahead of earnings: one highly rated analyst recommends holding AMD, while another recommends buying it. Options trading suggests investors expect significant volatility around the report. AMD Q3 Earnings Tomorrow: One Five-Star Analyst Says Hold, Another Says Buy
• Negative Sentiment: Market commentator Tom Sosnoff said AMD and other leading AI-chip stocks may need to fall another 25%–35% before becoming compelling oversold opportunities, reinforcing concerns that valuations remain stretched. AMD, Micron Selloff Is Just the Beginning
• Negative Sentiment: Melius reduced its AMD price target while citing AI financing risks and pressured semiconductor valuations, even as it maintained a positive view on parts of the sector. Nvidia, AMD, Marvell Targets Cut
• Negative Sentiment: Options data indicates AMD could decline following earnings, while investors remain concerned about PC demand and whether AI growth can justify the stock’s very high earnings multiple. Ahead of Advanced Micro Devices Earnings

About Advanced Micro Devices

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.