Wall Street Zen Upgrades Advanced Micro Devices (NASDAQ:AMD) to Buy

Advanced Micro Devices (NASDAQ:AMD) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other research analysts have also commented on AMD. Rosenblatt Securities lifted their price objective on shares of Advanced Micro Devices from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Evercore ISI boosted their price target on Advanced Micro Devices from $240.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Melius Research set a $300.00 price objective on Advanced Micro Devices in a research note on Monday, October 6th. Weiss Ratings downgraded Advanced Micro Devices from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, Piper Sandler boosted their target price on Advanced Micro Devices from $240.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $263.26.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $233.54 on Friday. The stock has a market cap of $380.21 billion, a P/E ratio of 134.22, a P/E/G ratio of 2.42 and a beta of 1.93. Advanced Micro Devices has a twelve month low of $76.48 and a twelve month high of $267.08. The stock has a 50 day moving average of $199.34 and a two-hundred day moving average of $159.34. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $8.76 billion. During the same period in the previous year, the company posted $0.92 EPS. The company’s quarterly revenue was up 35.6% on a year-over-year basis. Advanced Micro Devices has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Advanced Micro Devices will post 3.87 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the sale, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 274,118 shares of company stock valued at $46,180,719 in the last three months. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at about $3,094,662,000. Kingstone Capital Partners Texas LLC acquired a new position in Advanced Micro Devices during the second quarter worth about $958,422,000. Goldman Sachs Group Inc. lifted its holdings in shares of Advanced Micro Devices by 169.7% in the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer’s stock valued at $1,012,538,000 after purchasing an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Advanced Micro Devices by 131.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock valued at $1,069,846,000 after purchasing an additional 5,915,185 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at approximately $436,746,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.