Advanced Micro Devices (NASDAQ:AMD) Stock Bumped Up to “Buy” by Wall Street Zen

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

Several other analysts have also recently commented on AMD. Jefferies Financial Group set a $650.00 target price on Advanced Micro Devices in a report on Wednesday, August 5th. BMO Capital Markets started coverage on shares of Advanced Micro Devices in a report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target for the company. Barclays downgraded shares of Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research report on Friday, June 12th. Mizuho upped their price objective on shares of Advanced Micro Devices from $615.00 to $625.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Finally, KeyCorp set a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $567.62.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $633.91 on Friday. The company has a 50 day simple moving average of $512.65 and a 200 day simple moving average of $446.10. 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 has a 1 year low of $163.14 and a 1 year high of $645.46. The firm has a market cap of $1.03 trillion, a PE ratio of 162.96, a price-to-earnings-growth ratio of 6.58 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS. On average, research analysts forecast that Advanced Micro Devices will post 6.43 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction on Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the sale, the executive vice president owned 117,687 shares in the company, valued at $60,598,213.17. The trade was a 11.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa T. Su sold 70,000 shares of Advanced Micro Devices stock in a transaction on 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 of the company’s stock, valued at $1,536,696,660.80. This represents a 2.26% 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. In the last 90 days, insiders sold 213,838 shares of company stock valued at $105,533,836. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First Citizens Financial Corp lifted its stake in Advanced Micro Devices by 3.4% during 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. Private Client Services LLC increased its stake in 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 purchasing an additional 18 shares during the last quarter. First National Bank of Hutchinson increased its stake in Advanced Micro Devices by 0.4% during the second quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer’s stock valued at $3,276,000 after purchasing an additional 22 shares during the last quarter. Delta Asset Management LLC TN raised its holdings in shares of Advanced Micro Devices by 1.5% during the second quarter. Delta Asset Management LLC TN now owns 1,497 shares of the semiconductor manufacturer’s stock worth $870,000 after purchasing an additional 22 shares during the period. Finally, Noble Wealth Management PBC boosted its holdings in shares of Advanced Micro Devices by 5.0% in the 3rd quarter. Noble Wealth Management PBC now owns 465 shares of the semiconductor manufacturer’s stock valued at $285,000 after buying an additional 22 shares during the period. 71.34% of the stock is owned by institutional investors.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD’s proposed $8.2 billion, all-stock acquisition of World Labs is the main company-specific catalyst. The deal would bring in Fei-Fei Li’s spatial-intelligence AI business and could help AMD shape future AI products beyond the current GPU competition. The acquisition is intended to strengthen AMD’s software and AI roadmap as demand expands. Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
• Positive Sentiment: Demand indicators remain strong. Hewlett Packard Enterprise announced a $1.2 billion Vultr order involving AMD Helios AI racks, offering evidence of expanding deployment opportunities for AMD chips in data centers. HPE CFO discusses $1.2B deal with Vultr to deploy AMD Helios AI racks
• Positive Sentiment: Semiconductor stocks broadly advanced, with AMD benefiting from renewed enthusiasm for the next AI infrastructure build-out. Analysts and financial commentators continue to highlight AMD’s data-center growth, CPU demand and potential to gain share without overtaking Nvidia. AMD Doesn’t Need to Beat Nvidia to Be a Big AI Winner
• Positive Sentiment: Weaker-than-expected employment data reduced expectations for another Federal Reserve rate hike, supporting technology and other high-growth stocks whose valuations are sensitive to interest rates. AMD stock gains 3%, here’s why

Advanced Micro Devices Company Profile

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.