Advanced Micro Devices (NASDAQ:AMD) Given New $700.00 Price Target at Stifel Nicolaus

Advanced Micro Devices (NASDAQ:AMD) had its price target boosted by Stifel Nicolaus from $635.00 to $700.00 in a report released on Monday, MarketBeat.com reports. Stifel Nicolaus currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other equities research analysts also recently issued reports on the company. Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Melius Research set a $660.00 price objective on shares of Advanced Micro Devices in a research note on Friday, July 24th. Wells Fargo & Company upped their target price on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Robert W. Baird set a $1,250.00 price objective on Advanced Micro Devices in a research report on Friday, July 24th. Finally, Jefferies Financial Group set a $650.00 price objective on Advanced Micro Devices in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $569.25.

Advanced Micro Devices Price Performance

AMD opened at $631.75 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The stock has a market capitalization of $1.03 trillion, a P/E ratio of 162.40, a P/E/G ratio of 6.58 and a beta of 2.45. The company’s 50-day simple moving average is $515.38 and its two-hundred day simple moving average is $449.17. Advanced Micro Devices has a 52-week low of $188.22 and a 52-week high of $645.46.

Advanced Micro Devices (NASDAQ:AMD) last announced 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 net margin of 15.58% and a return on equity of 12.30%. The firm 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 business posted $0.48 earnings per share. The business’s revenue for the quarter was up 50.1% on a year-over-year basis. As a group, analysts predict that Advanced Micro Devices will post 6.43 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 70,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the sale, the chief executive officer owned 3,032,156 shares in the company, valued at $1,536,696,660.80. This trade represents a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the completion of the sale, the executive vice president directly owned 363,317 shares of the company’s stock, valued at approximately $182,766,616.85. This trade represents a 4.54% 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 213,838 shares of company stock worth $105,533,836 over the last quarter. 0.50% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

Large investors have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Advanced Micro Devices by 3.1% during 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 lifted its stake 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 acquiring an additional 2,149,563 shares during the period. Bank of America Corp DE purchased a new stake in Advanced Micro Devices in the second quarter worth about $7,022,226,000. Jennison Associates LLC grew its holdings in Advanced Micro Devices by 5.8% during the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after acquiring an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Advanced Micro Devices by 33.9% during the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock valued at $5,422,444,000 after purchasing an additional 2,365,419 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Stifel Nicolaus reiterated a Buy rating and raised its AMD price target from $635 to $700, implying additional upside. Analyst Ruben Roy expects a third-quarter “beat-and-raise,” supported by EPYC server processors, with the MI450 product launch and profit margins key to the fourth-quarter outlook. Stifel Raises AMD Stock Price Target Ahead of Q3 Earnings
• Positive Sentiment: AMD’s history of exceeding earnings estimates, together with favorable analyst and company projections, has increased expectations for another quarterly earnings beat. A strong report could support the stock’s recent rally. Why Advanced Micro Could Beat Earnings Estimates Again
• Positive Sentiment: Investors continue to view AMD as a major beneficiary of expanding AI inference and data-center demand. Its planned World Labs acquisition and relationships with major customers such as OpenAI and Meta are intended to strengthen its AI opportunity. AMD’s $8.2 Billion AI Bet
• Neutral Sentiment: Broader market conditions remain supportive: strategists argue that the S&P 500’s historically low PEG ratio suggests stocks may not be as expensive relative to expected growth as headline valuations imply. Are Stocks Expensive?
• Negative Sentiment: AMD’s valuation is a central concern. Commentators note that it is substantially more expensive than Nvidia on forward earnings measures, while its roughly 162 price-to-earnings ratio leaves little room for an earnings miss or weaker guidance. Bull v. Bear: AMD More Expensive than Nvidia
• Negative Sentiment: AMD has reportedly committed up to 320 million shares to OpenAI and Meta at a nominal price, potentially increasing the share count and creating future dilution for existing shareholders. AMD Share Commitments to OpenAI and Meta
• Negative Sentiment: Reports of leaked details involving a canceled Ryzen 9 5900X3D processor added a minor headline risk, although the leak itself does not materially change AMD’s longer-term AI and data-center thesis. AMD Stock Slips After Ryzen CPU Leak

About Advanced Micro Devices

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.