Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $575.00

Advanced Micro Devices (NASDAQ:AMD) had its price target upped by JPMorgan Chase & Co. from $550.00 to $575.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the semiconductor manufacturer’s stock.

Other analysts have also issued reports about the stock. KeyCorp reaffirmed an “overweight” rating and issued a $725.00 price target on shares of Advanced Micro Devices in a research note on Wednesday. William Blair reiterated a “market perform” rating on shares of Advanced Micro Devices in a report on Wednesday. Wolfe Research reiterated an “outperform” rating and set a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. The Goldman Sachs Group reissued a “buy” rating and set a $675.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Finally, Morgan Stanley upped their target price on Advanced Micro Devices from $465.00 to $510.00 and gave the stock an “equal weight” rating in a research report on Monday, November 2nd. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $643.69.

Advanced Micro Devices Stock Performance

Shares of AMD traded up $44.64 during trading hours on Wednesday, reaching $449.04. 45,659,370 shares of the company’s stock traded hands, compared to its average volume of 21,429,916. The firm has a market capitalization of $733.04 billion, a price-to-earnings ratio of 97.62, a P/E/G ratio of 4.79 and a beta of 2.49. 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 twelve month low of $188.22 and a twelve month high of $658.52. The business’s fifty day simple moving average is $546.81 and its two-hundred day simple moving average is $414.98.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.14. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. Analysts predict that Advanced Micro Devices will post 6.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Mark Papermaster sold 28,811 shares of the business’s stock in a transaction on 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 sale, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 231,100 shares of company stock worth $114,867,400. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Southpoint Capital Advisors LP grew its stake in Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock valued at $183,087,000 after purchasing an additional 300,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after acquiring an additional 291,165 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its position in Advanced Micro Devices by 6,968.7% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock valued at $85,995,000 after acquiring an additional 138,328 shares in the last quarter. Douglas Lane & Associates LLC lifted its stake in Advanced Micro Devices by 2,748.0% in the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer’s stock valued at $52,582,000 after acquiring an additional 82,934 shares during the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. lifted its stake in Advanced Micro Devices by 1,288.6% in the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer’s stock valued at $127,899,000 after acquiring an additional 204,315 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD reported record quarterly revenue of $13.38 billion, up 44.7% year over year, and earnings per share of $2.09, beating analyst estimates. Data-center revenue nearly doubled, helped by demand for AI chips. Stock Market Today, Nov. 6: AMD Surges on Record Quarterly Revenue and Stronger Growth Outlook
• Positive Sentiment: Management signaled faster growth ahead, forecasting revenue to rise more than 80% in 2027 and describing AMD’s AI business as poised for further expansion. CEO Lisa Su said the company has good visibility into data-center capacity needs through 2027. Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027
• Positive Sentiment: AMD’s rebound also came as investors bought semiconductor shares after Thursday’s sector-wide rout, suggesting some buyers viewed the selloff as an opportunity. Su pushed back on concerns about AI spending, calling the market’s reaction short-sighted. Chip Stocks Rebound, but Is the AI Selloff Over?
• Negative Sentiment: Some analysts warn that AMD’s premium valuation leaves the stock vulnerable if growth expectations or broader enthusiasm for AI weaken. A recent downgrade cited competition from Nvidia and Arm, as well as potential multiple compression. AMD: This Selloff Isn’t Enough
• Negative Sentiment: Despite the rebound, investors remain concerned about AI-chip valuations, heavy data-center spending, possible regulation and the durability of customer returns. These sector pressures could keep AMD shares volatile. AI Stocks Hit by Midterm Shock and Data-Center Spending Concerns

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.