Advanced Micro Devices (NASDAQ:AMD) Earns “Outperform” Rating from Wedbush

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “outperform” rating restated by research analysts at Wedbush in a report issued on Tuesday, Benzinga reports. They presently have a $600.00 price target on the semiconductor manufacturer’s stock. Wedbush’s price target would suggest a potential upside of 11.51% from the company’s current price.

Several other research analysts have also issued reports on the company. Melius Research set a $660.00 price objective on Advanced Micro Devices in a research note on Friday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. CLSA reaffirmed an “outperform” rating and issued a $710.00 target price on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Finally, TD Cowen reissued a “buy” rating on shares of Advanced Micro Devices in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $603.51.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $538.05 on Tuesday. The firm has a market capitalization of $878.35 billion, a PE ratio of 138.32, a price-to-earnings-growth ratio of 5.43 and a beta of 2.45. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 12-month low of $188.22 and a 12-month high of $658.52. The firm has a 50-day moving average price of $538.39 and a 200 day moving average price of $476.52.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating 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 the consensus estimate of $11.31 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The company’s quarterly revenue was up 50.1% on a year-over-year basis. Research analysts anticipate that Advanced Micro Devices will post 6.49 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark Papermaster sold 28,811 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This represents a 2.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the sale, the executive vice president owned 353,317 shares of the company’s stock, valued at $191,038,501.90. The trade was a 4.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 231,100 shares of company stock worth $114,867,400. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Boyd Wealth Management LLC purchased a new stake in Advanced Micro Devices in the third quarter valued at about $347,000. tru Independence LLC acquired a new stake in Advanced Micro Devices in the third quarter worth about $212,000. Eagle Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 1.6% during the third quarter. Eagle Wealth Advisors LLC now owns 6,804 shares of the semiconductor manufacturer’s stock worth $4,162,000 after acquiring an additional 110 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Advanced Micro Devices by 2.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 272,294 shares of the semiconductor manufacturer’s stock worth $166,579,000 after acquiring an additional 6,793 shares during the last quarter. Finally, JDH Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 26.8% during the third quarter. JDH Wealth Management LLC now owns 473 shares of the semiconductor manufacturer’s stock valued at $289,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

More Advanced Micro Devices News

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

• Positive Sentiment: Wedbush reaffirmed its bullish view: The firm maintained an “Outperform” rating and set a $600 price target, implying additional upside from current levels. Benzinga analyst note
• Positive Sentiment: AI and data-center demand remain key catalysts: Recent coverage points to potential growth in agentic AI, data-center infrastructure, high-performance computing and PC processors. TD Cowen previously reiterated a Buy rating and a $675 target, citing the possibility of roughly 70% growth in AMD CPU sales next year. Why AMD Stock Popped on Monday
• Positive Sentiment: Growth expectations are elevated: AMD is expected to generate approximately $13 billion in third-quarter revenue, up about 41% year over year. The company has exceeded the high end of its own revenue guidance in each of the past two quarters, supporting optimism ahead of its next earnings report. AMD earnings outlook
• Neutral Sentiment: Industry opportunity: A market report projects global semiconductor intellectual-property revenue will increase from $7.3 billion in 2024 to $9.2 billion by 2030, reflecting ongoing demand for AI, 5G and system-on-chip designs. AMD is among the companies covered, but the report does not represent a company-specific catalyst. Semiconductor IP market forecast
• Negative Sentiment: AI sentiment has weakened: AMD, Nvidia and Intel faced renewed premarket pressure as investors questioned the pace and financing of AI infrastructure spending. Warnings about a potential AI-stock bubble, delayed projects and leverage could increase volatility for highly valued chipmakers. AI chip stocks under pressure
• Negative Sentiment: Valuation and insider selling remain risks: AMD trades at a premium valuation, while EVP Forrest Norrod sold 17,262 shares worth about $9.3 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the sale and his remaining stake reduce its significance, but it may still weigh on sentiment. AMD insider sale

Advanced Micro Devices Company Profile

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.