Susquehanna Forecasts Strong Price Appreciation for Advanced Micro Devices (NASDAQ:AMD) Stock

Advanced Micro Devices (NASDAQ:AMD) had its price objective upped by Susquehanna from $620.00 to $650.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “positive” rating on the semiconductor manufacturer’s stock. Susquehanna‘s target price indicates a potential upside of 16.02% from the stock’s current price.

A number of other research firms have also recently weighed in on AMD. JPMorgan Chase & Co. boosted their price target on Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Roth Capital boosted their price objective on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Zacks Research lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Monday, October 5th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $540.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $607.57.

Advanced Micro Devices Trading Up 5.5%

AMD stock opened at $560.26 on Wednesday. The firm has a 50-day moving average of $543.70 and a two-hundred day moving average of $404.03. Advanced Micro Devices has a 12 month low of $188.22 and a 12 month high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 during the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter in the previous year, the company earned $0.48 earnings per share. The firm’s quarterly revenue was up 50.1% compared to the same quarter last year. Sell-side analysts forecast that Advanced Micro Devices will post 6.50 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Norrod sold 17,262 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the sale, the executive vice president owned 353,317 shares of the company’s stock, valued at $191,038,501.90. This represents a 4.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value 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. This trade represents a 2.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 231,100 shares of company stock worth $114,867,400 over the last quarter. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently made changes to their positions in the business. DecisionPoint Financial LLC grew its position in Advanced Micro Devices by 79.2% in the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 19 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Advanced Micro Devices in the third quarter valued at approximately $29,000. JNBA Financial Advisors boosted its holdings in shares of Advanced Micro Devices by 142.9% in the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 30 shares in the last quarter. Graney & King LLC acquired a new position in shares of Advanced Micro Devices during the first quarter valued at approximately $31,000. Finally, Main Street Group LTD acquired a new position in shares of Advanced Micro Devices during the first quarter valued at approximately $33,000. 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: Expanded Meta AI partnership: AMD will invest $1 billion in Meta’s equity offering as the companies broaden their collaboration across EPYC CPUs, Instinct GPUs, networking, software, and Helios rack-scale systems. Meta is testing Helios systems and plans to use AMD technology for AI training, recommendations, and its Muse AI platform. AMD and Meta Advance Strategic Partnership
• Positive Sentiment: Large AI spending opportunity: Meta’s planned investment of up to $95 billion in AI infrastructure reinforces expectations for sustained hyperscaler demand. AMD’s management also raised its estimated total addressable market to $2 trillion–$3 trillion, citing opportunities in CPUs and GPUs. AMD CFO Delivers Bullish Update
• Positive Sentiment: Positive earnings setup: Analysts identified server CPU demand, data-center expansion, and Instinct GPU deployments as potential drivers for the upcoming results. Rosenblatt named AMD its top semiconductor pick, while Susquehanna reportedly raised its price target to $620 from $550. AMD is targeting adjusted EPS above $20 within three to five years and has indicated it expects to exceed that goal. Wedbush on AMD Server CPU Demand
• Neutral Sentiment: The Meta transaction has prompted debate about “circular financing,” since chip suppliers are investing in a major customer that is using the funds to expand AI capacity. The arrangement could validate AMD’s demand outlook but also raises questions about how much spending is independently funded.
• Negative Sentiment: ARK Invest continued trimming AMD shares, and reported insider activity shows substantial selling with no open-market purchases over the past six months. These transactions may weigh on sentiment, although they do not necessarily reflect company fundamentals. ARK Invest Sells AMD Shares
• Negative Sentiment: Valuation and execution risks remain: AMD has risen sharply, still trails Nvidia in data-center scale and margins, and potentially higher TSMC advanced-packaging and wafer costs could pressure chip margins.

Advanced Micro Devices Company Profile

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.