Advanced Micro Devices (NASDAQ:AMD) Given New $575.00 Price Target at JPMorgan Chase & Co.

Advanced Micro Devices (NASDAQ:AMD) had its price target boosted by JPMorgan Chase & Co. from $550.00 to $575.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor manufacturer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 19.58% from the company’s current price.

Several other research analysts have also commented on the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $649.00 price target on shares of Advanced Micro Devices in a research report on Wednesday. UBS Group reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday. Wedbush reissued an “outperform” rating and set a $600.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. CLSA restated an “outperform” rating and set a $710.00 price target on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Finally, BMO Capital Markets initiated coverage on Advanced Micro Devices in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $619.30.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded down $3.06 during mid-day trading on Wednesday, reaching $480.85. 40,273,760 shares of the company’s stock traded hands, compared to its average volume of 31,740,412. The company has a market cap of $784.97 billion, a price-to-earnings ratio of 123.66, a PEG ratio of 4.79 and a beta of 2.49. The stock has a 50 day moving average of $548.70 and a two-hundred day moving average of $411.73. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. 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 data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same period last year, the company posted $1.20 EPS. The business’s revenue was up 44.7% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices will post 6.50 earnings per share for the current year.

Insider Activity

In other news, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing 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 firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the sale, the executive vice president directly owned 353,317 shares of the company’s stock, valued at $191,038,501.90. This represents a 4.66% 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 90 days, insiders have sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Large investors have recently made changes to their positions in the stock. DecisionPoint Financial LLC raised 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. bought a new position in Advanced Micro Devices during the 3rd quarter worth about $29,000. JNBA Financial Advisors grew its holdings in Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 30 shares in the last quarter. Downshift Financial LLC increased its position in Advanced Micro Devices by 850.0% during 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. Finally, Sawyer & Company Inc purchased a new position in Advanced Micro Devices during the 3rd quarter valued at about $37,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD beat third-quarter estimates, with revenue up about 45% year over year and data-center revenue climbing 97% to $8.55 billion on demand for Instinct GPUs and EPYC CPUs. Reuters report on AMD earnings
• Positive Sentiment: Management forecast fourth-quarter revenue of about $17 billion and sees revenue growth above 80% in 2027, with AI data-center revenue expected to more than double. The outlook supports hopes that AI demand and Helios deployments can sustain growth. AMD growth outlook
• Positive Sentiment: Several analysts reaffirmed bullish ratings or lifted price targets after results, including Piper Sandler’s increase to $650 and Wedbush’s $600 target. Analyst forecast changes
• Neutral Sentiment: The earnings beat and optimistic guidance initially lifted shares, but the muted follow-through suggests investors are looking for evidence that projected growth will convert into durable profits. Analyst reactions to AMD earnings
• Negative Sentiment: AI expansion carries financial costs: reports highlight reduced free cash flow and potential data-center customer guarantees reaching $8.5 billion. Investors may scrutinize the returns and risks tied to financing large AI deployments. Report on AMD data-center guarantees
• Negative Sentiment: AMD also faces high-bandwidth memory supply constraints and tougher competition: Intel is growing its data-center business, while Broadcom’s custom chips could pressure GPU pricing. Report on AMD competition

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.