Advanced Micro Devices (NASDAQ:AMD) Earns Overweight Rating from Cantor Fitzgerald

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “overweight” rating restated by investment analysts at Cantor Fitzgerald in a research report issued on Wednesday,Benzinga reports. They presently have a $700.00 price objective on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 34.98% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Rosenblatt Securities restated a “buy” rating and set a $665.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday. Bank of America lifted their target price on Advanced Micro Devices from $550.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, HSBC cut Advanced Micro Devices from a “buy” rating to a “hold” rating and boosted their price objective for the company from $335.00 to $340.00 in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $535.97.

Advanced Micro Devices Stock Performance

AMD opened at $518.58 on Wednesday. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $516.06 and its two-hundred day moving average price is $354.63. The firm has a market capitalization of $845.60 billion, a P/E ratio of 170.03 and a beta of 2.48. Advanced Micro Devices has a 12-month low of $149.22 and a 12-month high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same period in the previous year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 50.1% compared to the same quarter last year. On average, equities analysts forecast that Advanced Micro Devices will post 6.27 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 6,000 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the sale, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at approximately $661,663,348.71. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the sale, the director owned 87,173 shares in the company, valued at approximately $45,504,306. This represents a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 310,310 shares of company stock valued at $141,185,456. 0.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Juno Financial Group LLC bought a new position in Advanced Micro Devices during the 2nd quarter valued at about $226,000. North Dakota State Investment Board boosted its position in Advanced Micro Devices by 2.6% in the second quarter. North Dakota State Investment Board now owns 47,888 shares of the semiconductor manufacturer’s stock valued at $27,819,000 after buying an additional 1,223 shares in the last quarter. White Lighthouse Investment Management Inc. bought a new stake in Advanced Micro Devices during the second quarter worth about $262,000. Compass Financial Group INC SD bought a new stake in Advanced Micro Devices during the second quarter worth about $297,000. Finally, Midwest Trust Co increased its holdings in shares of Advanced Micro Devices by 130.4% during the second quarter. Midwest Trust Co now owns 15,349 shares of the semiconductor manufacturer’s stock worth $8,916,000 after buying an additional 8,686 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD reported second-quarter revenue of $11.54 billion, up 50.1% year over year, and adjusted EPS of $1.66, exceeding Wall Street estimates. Data-center revenue more than doubled to approximately $6.7 billion, highlighting strong demand for EPYC processors and Instinct AI GPUs. AMD forecasts upbeat revenue on AI data-center demand
• Positive Sentiment: Third-quarter revenue guidance of $12.7 billion to $13.3 billion was above the roughly $12.4 billion consensus forecast. Management also described unexpected server CPU demand, a stronger 2027 outlook and a potential $2 trillion long-term AI infrastructure opportunity. AMD server CPU supply and demand outlook
• Positive Sentiment: Analyst Christopher Rolland maintained a Buy rating and raised his price target to $550, citing accelerating data-center and AI GPU growth. AMD also said Meta, OpenAI and Anthropic are optimizing AI models for its platform, potentially strengthening the ROCm software ecosystem. Analyst raises AMD price target

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.