Advanced Micro Devices (NASDAQ:AMD) Given “Outperform” Rating at Wedbush

Wedbush restated their outperform rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a report published on Wednesday morning,Benzinga reports. They currently have a $600.00 price objective on the semiconductor manufacturer’s stock.

A number of other equities research analysts also recently weighed in on AMD. DA Davidson raised their price target on Advanced Micro Devices from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $700.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Zacks Research lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Finally, Argus raised their price objective on Advanced Micro Devices from $450.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $627.61.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $488.78 on Wednesday. The company’s fifty day moving average price is $548.90 and its 200-day moving average price is $413.03. The firm has a market capitalization of $797.92 billion, a price-to-earnings ratio of 106.26, a PEG ratio of 4.97 and a beta of 2.49. Advanced Micro Devices has a one year low of $188.22 and a one year high of $658.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.34%. The company had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. During the same period in the previous year, the firm posted $1.20 EPS. The firm’s revenue was up 44.7% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Micro Devices will post 6.50 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the sale, the executive vice president directly owned 353,317 shares of the company’s stock, valued at approximately $191,038,501.90. This trade represents a 4.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 231,100 shares of company stock valued at $114,867,400. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently bought and sold shares of AMD. DecisionPoint Financial LLC increased its holdings in Advanced Micro Devices by 79.2% during the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 19 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $29,000. JNBA Financial Advisors lifted its holdings in Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 30 shares during the period. Graney & King LLC bought a new stake in shares of Advanced Micro Devices in the 1st quarter worth approximately $31,000. Finally, Main Street Group LTD bought a new stake in shares of Advanced Micro Devices in the 1st quarter worth approximately $33,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD beat third-quarter earnings and revenue estimates, with data-center revenue up about 97% year over year on demand for Instinct GPUs and EPYC CPUs. The results helped bolster confidence that AI spending is translating into sales. Reuters report on AMD’s results and outlook
• Positive Sentiment: The company forecast fourth-quarter revenue of about $17 billion, above analyst expectations, and management outlined potential revenue growth of more than 80% in 2027 as AI infrastructure expands. AMD Q3 earnings-call outlook
• Positive Sentiment: Several analysts raised price targets after the results, including Piper Sandler, which lifted its target to $650 and maintained an Overweight rating. These revisions reflect optimism about AI demand and server CPU prospects. Analyst views following AMD’s results
• Neutral Sentiment: The strong results and outlook have helped shares recover, but the stock’s reaction has been uneven as investors weigh whether AMD can deliver on ambitious 2027 expectations. Analysts assess AMD’s earnings
• Negative Sentiment: Risks include an elevated valuation, weaker gaming performance, and pressure on free cash flow as AMD invests to support growth. The company also faces constraints in sourcing high-bandwidth memory, while Intel and custom-chip providers compete for data-center spending. AMD growth opportunities and risks

About Advanced Micro Devices

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

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