Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have received an average recommendation of “Moderate Buy” from the forty-seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-three have issued a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $567.62.

AMD has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Roth Capital boosted their target price on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Wells Fargo & Company upped their price target on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Wedbush reiterated an “outperform” rating and issued a $600.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Finally, Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 25,000 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value 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 represents a 25.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the transaction, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. The trade was a 8.52% 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 have sold a total of 213,838 shares of company stock valued at $105,533,836 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its position in Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares during the period. State Street Corp raised its position in Advanced Micro Devices by 2.9% in the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after purchasing an additional 2,149,563 shares in the last quarter. Invesco Ltd. raised its position in Advanced Micro Devices by 15.9% in the fourth quarter. Invesco Ltd. now owns 15,473,280 shares of the semiconductor manufacturer’s stock worth $3,313,758,000 after purchasing an additional 2,124,867 shares in the last quarter. Bank of America Corp DE bought a new position in Advanced Micro Devices during the second quarter worth about $7,022,226,000. Finally, Jennison Associates LLC boosted its holdings in Advanced Micro Devices by 5.8% during the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock valued at $5,793,388,000 after purchasing an additional 545,575 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 3.0%

Shares of NASDAQ:AMD opened at $633.91 on Tuesday. The stock has a market capitalization of $1.03 trillion, a PE ratio of 162.96, a P/E/G ratio of 6.58 and a beta of 2.45. Advanced Micro Devices has a 1 year low of $163.14 and a 1 year high of $645.46. The firm has a fifty day moving average price of $512.65 and a 200 day moving average price of $444.36. 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 posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion for 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 business’s revenue was up 50.1% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. Analysts expect that Advanced Micro Devices will post 6.43 EPS for the current fiscal year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD’s proposed $8.2 billion, all-stock acquisition of World Labs is the main company-specific catalyst. The deal would bring in Fei-Fei Li’s spatial-intelligence AI business and could help AMD shape future AI products beyond the current GPU competition. The acquisition is intended to strengthen AMD’s software and AI roadmap as demand expands. Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
• Positive Sentiment: Demand indicators remain strong. Hewlett Packard Enterprise announced a $1.2 billion Vultr order involving AMD Helios AI racks, offering evidence of expanding deployment opportunities for AMD chips in data centers. HPE CFO discusses $1.2B deal with Vultr to deploy AMD Helios AI racks
• Positive Sentiment: Semiconductor stocks broadly advanced, with AMD benefiting from renewed enthusiasm for the next AI infrastructure build-out. Analysts and financial commentators continue to highlight AMD’s data-center growth, CPU demand and potential to gain share without overtaking Nvidia. AMD Doesn’t Need to Beat Nvidia to Be a Big AI Winner
• Positive Sentiment: Weaker-than-expected employment data reduced expectations for another Federal Reserve rate hike, supporting technology and other high-growth stocks whose valuations are sensitive to interest rates. AMD stock gains 3%, here’s why

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.