Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $510.00

Advanced Micro Devices (NASDAQ:AMD) had its price target lifted by Morgan Stanley from $465.00 to $510.00 in a research note published on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the semiconductor manufacturer’s stock.

A number of other research analysts also recently commented on the company. Stifel Nicolaus increased their price target on Advanced Micro Devices from $635.00 to $700.00 and gave the company a “buy” rating in a report on Monday, October 5th. DA Davidson lifted their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Wedbush reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, October 20th. Weiss Ratings raised Advanced Micro Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $627.61.

Advanced Micro Devices Price Performance

AMD opened at $488.78 on Monday. The company has a fifty day simple moving average of $548.90 and a 200 day simple moving average of $413.03. The firm has a market cap of $797.92 billion, a price-to-earnings ratio of 85.95, a PEG ratio of 4.97 and a beta of 2.49. Advanced Micro Devices has a twelve month low of $188.22 and a twelve month high of $658.52. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

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

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,032,156 shares in the company, valued at approximately $1,536,696,660.80. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the firm’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 transaction, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This trade 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. In the last quarter, insiders have 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 institutional investors and hedge funds have recently bought and sold shares of the stock. First Citizens Financial Corp increased its stake in Advanced Micro Devices by 3.4% in the third quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 16 shares during the period. Fearless Solutions LLC dba Best Invest raised its stake in 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 worth $718,000 after acquiring an additional 17 shares in the last quarter. Private Client Services LLC increased its position in shares of Advanced Micro Devices by 1.7% during the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock worth $660,000 after purchasing an additional 18 shares in the last quarter. Essential Investment Partners LLC increased its holdings 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 worth $39,000 after buying an additional 18 shares in the last quarter. Finally, CKW Financial Group raised its stake in shares of Advanced Micro Devices by 1.3% in the third quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer’s stock valued at $893,000 after acquiring an additional 18 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices News Roundup

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.