Advanced Micro Devices (NASDAQ:AMD) Shares Gap Up After Analyst Upgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price gapped up before the market opened on Wednesday after Evercore ISI raised their price target on the stock from $270.00 to $283.00. The stock had previously closed at $237.52, but opened at $253.13. Evercore ISI currently has an outperform rating on the stock. Advanced Micro Devices shares last traded at $261.9480, with a volume of 40,571,582 shares traded.

Other analysts have also recently issued research reports about the company. Piper Sandler increased their target price on Advanced Micro Devices from $240.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Stifel Nicolaus lifted their target price on Advanced Micro Devices from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Bank of America boosted their target price on shares of Advanced Micro Devices from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 17th. UBS Group lifted their price objective on shares of Advanced Micro Devices from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Benchmark increased their target price on shares of Advanced Micro Devices from $270.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $273.49.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the sale, the executive vice president owned 313,848 shares of the company’s stock, valued at $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the transaction, the senior vice president directly owned 9,033 shares of the company’s stock, valued at $2,041,548.33. This represents a 24.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 264,118 shares of company stock valued at $44,448,619 in the last quarter. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds have recently bought and sold shares of the stock. Caitlin John LLC purchased a new stake in Advanced Micro Devices during the third quarter worth $68,000. Allianz SE grew its position in shares of Advanced Micro Devices by 32.5% during the 3rd quarter. Allianz SE now owns 106,201 shares of the semiconductor manufacturer’s stock valued at $17,182,000 after acquiring an additional 26,072 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $1,131,000. 1ST Source Bank increased its stake in shares of Advanced Micro Devices by 12.8% in the 3rd quarter. 1ST Source Bank now owns 6,832 shares of the semiconductor manufacturer’s stock valued at $1,105,000 after purchasing an additional 774 shares in the last quarter. Finally, TIAA Trust National Association raised its holdings in Advanced Micro Devices by 3.3% in the 3rd quarter. TIAA Trust National Association now owns 19,771 shares of the semiconductor manufacturer’s stock worth $3,199,000 after purchasing an additional 626 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 8.9%

The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The company has a market cap of $420.92 billion, a PE ratio of 149.12, a P/E/G ratio of 2.42 and a beta of 1.93. The business has a 50-day simple moving average of $202.47 and a 200-day simple moving average of $161.38.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company had revenue of $9.25 billion during the quarter, compared to analyst estimates of $8.76 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. The firm’s revenue was up 35.6% compared to the same quarter last year. Advanced Micro Devices has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.