Advanced Micro Devices (NASDAQ:AMD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a buy rating in a research report released on Sunday,Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. Susquehanna increased their price target on Advanced Micro Devices from $620.00 to $650.00 and gave the stock a “positive” rating in a research note on Wednesday, October 28th. Melius Research set a $650.00 price objective on Advanced Micro Devices in a research note on Wednesday, November 4th. KeyCorp reaffirmed an “overweight” rating and set a $725.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 4th. HSBC reiterated a “hold” rating and set a $540.00 target price on shares of Advanced Micro Devices in a research report on Thursday, November 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Advanced Micro Devices from $550.00 to $575.00 and gave the company a “neutral” rating in a research report on Wednesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $642.47.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $515.21 on Friday. 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 0.10, a current ratio of 2.72 and a quick ratio of 1.93. The business has a 50-day simple moving average of $548.56 and a 200 day simple moving average of $417.58. The firm has a market capitalization of $844.99 billion, a price-to-earnings ratio of 90.33, a PEG ratio of 4.90 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.14. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. Advanced Micro Devices’s revenue was up 44.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. On average, research analysts anticipate that Advanced Micro Devices will post 6.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Paul Grasby sold 15,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the sale, the executive vice president directly owned 117,687 shares in the company, valued at $60,598,213.17. This represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark Papermaster sold 28,811 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. 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 ninety days, insiders have sold 230,957 shares of company stock worth $114,799,511. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMD. First Citizens Financial Corp grew its stake in shares of Advanced Micro Devices by 3.4% in the third quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock worth $300,000 after purchasing an additional 16 shares during the last quarter. Fearless Solutions LLC dba Best Invest grew its holdings in shares of Advanced Micro Devices by 1.5% during the third quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer’s stock valued at $718,000 after buying an additional 17 shares during the last quarter. Private Client Services LLC increased its position in shares of Advanced Micro Devices by 1.7% during the third quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock valued at $660,000 after acquiring an additional 18 shares in the last quarter. Essential Investment Partners LLC increased its position in shares of Advanced Micro Devices by 40.0% during the third quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer’s stock valued at $39,000 after acquiring an additional 18 shares in the last quarter. Finally, CKW Financial Group raised its holdings in Advanced Micro Devices by 1.3% in the 3rd quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer’s stock worth $893,000 after acquiring an additional 18 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Reports that AMD plans to invest $2.5 billion in Anthropic added to optimism about its AI strategy and commercial ties. The news comes alongside reports that AMD is among companies participating in a broader Anthropic share purchase. Article: Stock Market Today, Nov. 10: AMD Rises on Plan to Invest $2.5 Billion in Anthropic
• Positive Sentiment: AMD’s data-center sales grew 97% in the third quarter, driven by EPYC server CPUs and the MI450 launch. The company sees substantial long-term markets for server CPUs and GPUs, while a new generation of EPYC processors is shipping through server partners. Article: 2 Reasons AMD Can Still Outperform by 2030 Article: AMD Showcases 6th Gen AMD EPYC Processors
• Positive Sentiment: Oppenheimer’s Outperform rating and $600 price target, along with sharply higher earnings estimates from Northland Securities, reinforce expectations for strong growth. Article: Oppenheimer Just Set a Whopping $600 Target on AMD Stock
• Neutral Sentiment: AMD shares have benefited from Nvidia-related uncertainty, but analysts caution that investor money moving between chip stocks is not the same as customers switching suppliers. A lasting gain depends on winning and retaining business. Article: AMD’s Stock Fades as Investors Weigh Whether Nvidia’s Turmoil Will Mean Lasting Wins
• Negative Sentiment: Some coverage flags declining free cash flow and rising inventory as risks. AMD’s rich valuation may leave less room for disappointment if its coming results do not confirm that AI demand is converting into healthy cash generation. Article: Here’s The AMD Data Center Number Investors Need to Know

About Advanced Micro Devices

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.