Wedbush Reiterates Outperform Rating for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a report released on Wednesday,Benzinga reports. They currently have a $600.00 target price on the semiconductor manufacturer’s stock. Wedbush’s target price points to a potential upside of 21.36% from the company’s previous close.

Several other equities research analysts also recently commented on AMD. Needham & Company LLC raised Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Bank of America lifted their price target 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. William Blair reiterated a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $540.00 price objective on shares of Advanced Micro Devices in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $535.97.

Advanced Micro Devices Price Performance

AMD stock opened at $494.40 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The firm has a 50 day moving average price of $516.06 and a 200-day moving average price of $354.63. Advanced Micro Devices has a 52-week low of $149.22 and a 52-week high of $584.73. The firm has a market capitalization of $806.17 billion, a price-to-earnings ratio of 162.10 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the prior year, the business posted $0.48 EPS. The firm’s quarterly revenue was up 50.1% compared to the same quarter last year. Equities research analysts forecast that Advanced Micro Devices will post 6.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices 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 directly owned 87,173 shares in the company, valued at $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the transaction, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at $661,663,348.71. The trade was a 0.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 310,310 shares of company stock worth $141,185,456 in the last quarter. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Advanced Micro Devices by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after buying an additional 2,525,109 shares during the last quarter. State Street Corp lifted its holdings in Advanced Micro Devices by 1.5% in the fourth quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer’s stock valued at $16,044,712,000 after acquiring an additional 1,094,835 shares during the period. Geode Capital Management LLC boosted its position in Advanced Micro Devices by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock worth $8,015,897,000 after purchasing an additional 287,525 shares during the last quarter. Norges Bank purchased a new position in Advanced Micro Devices in the fourth quarter worth about $4,929,312,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Advanced Micro Devices by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer’s stock valued at $4,352,864,000 after purchasing an additional 55,969 shares during the period. Institutional investors own 71.34% of the company’s stock.

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.