Advanced Micro Devices (NASDAQ:AMD) Stock Rating Upgraded by CLSA

Advanced Micro Devices (NASDAQ:AMD) was upgraded by research analysts at CLSA to a “moderate buy” rating in a research note issued on Wednesday, Zacks reports.

AMD has been the topic of a number of other research reports. Robert W. Baird set a $1,250.00 price target on Advanced Micro Devices in a research note on Friday, July 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $540.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $700.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Bank of America lifted their target price on shares of 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, Wedbush restated an “outperform” rating and set a $600.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $565.12.

Advanced Micro Devices Stock Performance

AMD opened at $503.60 on Wednesday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The firm has a market cap of $822.11 billion, a PE ratio of 129.46, a P/E/G ratio of 5.40 and a beta of 2.48. The business has a fifty day simple moving average of $495.78 and a 200-day simple moving average of $403.04. Advanced Micro Devices has a fifty-two week low of $149.85 and a fifty-two week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same period in the previous year, the firm earned $0.48 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, equities analysts predict that Advanced Micro Devices will post 6.44 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 15,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $480.94, for a total transaction of $7,214,100.00. Following the transaction, the chief executive officer owned 3,102,156 shares of the company’s stock, valued at $1,491,950,906.64. The trade was a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the transaction, the executive vice president owned 1,261,461 shares in the company, valued at $595,245,602.07. This represents a 2.23% decrease in their position. 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. In the last 90 days, insiders sold 107,577 shares of company stock worth $51,922,920. 0.50% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

A number of hedge funds have recently made changes to their positions in AMD. California State Teachers Retirement System increased its stake in Advanced Micro Devices by 58,272.0% in the 2nd quarter. California State Teachers Retirement System now owns 1,436,775,740 shares of the semiconductor manufacturer’s stock valued at $834,637,395,000 after buying an additional 1,434,314,328 shares during the period. BlackRock Inc. lifted its position in Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after buying an additional 4,535,126 shares in the last quarter. State Street Corp boosted its stake in shares of Advanced Micro Devices by 1.5% during the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer’s stock valued at $16,044,712,000 after buying an additional 1,094,835 shares during the period. Geode Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock valued at $8,015,897,000 after buying an additional 287,525 shares during the period. Finally, Norges Bank purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $4,929,312,000. 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: Analysts remain constructive on AMD’s long-term outlook. Piper Sandler initiated coverage with a Buy rating, while other bullish commentary points to potential price targets near $600 and continued gains in data-center CPUs and AI accelerators. Piper Sandler AMD coverage
• Positive Sentiment: AMD’s AI opportunity continues to attract investor interest. Recent management commentary projected a potential multitrillion-dollar AI market by 2030 and roughly doubled data-center revenue in 2027, supporting expectations for sustained growth. AMD AI market outlook
• Positive Sentiment: Institutional options activity reportedly increased around AMD, indicating that some large investors are positioning for further upside. AMD institutional options flow
• Positive Sentiment: AMD and Xanadu launched Backline, an open-source platform connecting CPU, GPU and FPGA resources with quantum-computing software. The initiative expands AMD’s developer ecosystem, although its financial impact is likely longer term. AMD and Xanadu Backline launch
• Neutral Sentiment: TSMC reported a 53.3% year-over-year increase in August revenue, confirming strong AI-chip demand and supporting AMD’s volume outlook. However, tight advanced-packaging, memory and manufacturing capacity is also raising costs for fabless chip designers. TSMC August revenue
• Negative Sentiment: The broader technology sector sold off late in the session as investors focused on interest-rate expectations, rising energy prices and weakening market momentum. AMD’s high-beta profile makes it particularly sensitive to this risk-off trading.
• Negative Sentiment: Some analysts favor NVIDIA over AMD because of NVIDIA’s stronger AI infrastructure leadership, higher profitability and lower valuation. AMD’s premium valuation leaves less room for execution or supply-chain disappointments. NVIDIA versus AMD analysis
• Negative Sentiment: ARK Invest’s Cathie Wood continued trimming AMD while reallocating capital to other AI-chip companies, adding a notable sentiment headwind despite the company’s favorable long-term product cycle. Cathie Wood sells AMD

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.