Advanced Micro Devices (NASDAQ:AMD) Upgraded at BMO Capital Markets

Advanced Micro Devices (NASDAQ:AMD) was upgraded by equities researchers at BMO Capital Markets to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $540.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Jefferies Financial Group set a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Wedbush restated an “outperform” rating and set a $600.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Finally, Citigroup raised shares of Advanced Micro Devices from a “market perform” rating to a “buy” rating in a report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $546.95.

Advanced Micro Devices Stock Up 0.8%

Shares of AMD stock opened at $473.25 on Thursday. Advanced Micro Devices has a 1-year low of $149.22 and a 1-year high of $584.73. The stock’s fifty day moving average price is $511.40 and its 200 day moving average price is $375.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The company has a market cap of $772.57 billion, a price-to-earnings ratio of 121.66 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. On average, research analysts expect that Advanced Micro Devices will post 6.44 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the sale, the director owned 87,173 shares in the company, valued at $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $480.94, for a total transaction of $7,214,100.00. Following the completion of the transaction, the chief executive officer owned 3,102,156 shares in the company, valued at approximately $1,491,950,906.64. This trade represents a 0.48% 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. Insiders have sold 210,763 shares of company stock valued at $99,912,107 over the last quarter. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in AMD. Knollwood Investment Advisory LLC raised its stake in shares of Advanced Micro Devices by 0.7% during the 2nd quarter. Knollwood Investment Advisory LLC now owns 62,522 shares of the semiconductor manufacturer’s stock valued at $36,320,000 after buying an additional 454 shares during the last quarter. Syon Capital LLC lifted its holdings in shares of Advanced Micro Devices by 12.1% in the 2nd quarter. Syon Capital LLC now owns 25,657 shares of the semiconductor manufacturer’s stock valued at $14,904,000 after buying an additional 2,775 shares during the period. TD Waterhouse Canada Inc. boosted its stake in shares of Advanced Micro Devices by 29.3% in the second quarter. TD Waterhouse Canada Inc. now owns 141,070 shares of the semiconductor manufacturer’s stock worth $76,289,000 after buying an additional 31,995 shares during the last quarter. Premier Path Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 12.6% in the second quarter. Premier Path Wealth Partners LLC now owns 9,504 shares of the semiconductor manufacturer’s stock worth $5,521,000 after buying an additional 1,066 shares during the last quarter. Finally, Barlow Wealth Partners LLC acquired a new stake in Advanced Micro Devices during the second quarter worth about $260,000. Institutional investors and hedge funds 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: BMO initiated coverage of AMD with a buy recommendation, adding to bullish Wall Street sentiment toward the semiconductor sector and AMD’s AI opportunity. BMO Buy Ratings for Semiconductor Stocks
• Positive Sentiment: AMD continues to show stronger and more consistent revenue growth than Arm Holdings. Its latest quarter included record revenue of $11.54 billion, up 50.1% year over year, and earnings that exceeded analyst expectations. AMD and Arm Revenue Comparison
• Positive Sentiment: Reports that Google may collaborate with AMD on its next-generation TPU could represent a meaningful design win and broaden AMD’s relationships with hyperscalers. Coatue Management’s new position, valued at approximately $55.8 million, also signals institutional interest in the AI trade. Google Reportedly Working With AMD on a TPU
• Neutral Sentiment: AMD is increasingly viewed as Nvidia’s most credible AI-chip challenger, particularly with its Helios platform, but investors remain focused on whether it can narrow Nvidia’s ecosystem and market-share advantages. AMD and Nvidia AI Competition
• Negative Sentiment: Google’s expanding custom-chip program, including its relationship with Marvell, could increase competition for AI-inference workloads. A report that SpaceX selected Nvidia’s Vera Rubin platform reinforces concerns that AMD is still losing some high-profile AI infrastructure opportunities. SpaceX Selects Nvidia AI Infrastructure
• Negative Sentiment: CEO Lisa Su and SVP Ava Hahn sold shares totaling roughly $8.7 million. The transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but the sales may still weigh on sentiment after AMD’s substantial rally. AMD Insider Stock Sale
• Negative Sentiment: Valuation remains a risk: AMD trades at a very high earnings multiple, leaving the stock vulnerable to profit-taking or disappointment if AI growth slows or fails to meet aggressive expectations. AMD Valuation Analysis

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.