Advanced Micro Devices (NASDAQ:AMD) Upgraded at DA Davidson

Advanced Micro Devices (NASDAQ:AMD) was upgraded by equities researchers at DA Davidson from a “neutral” rating to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a $375.00 price target on the semiconductor manufacturer’s stock. DA Davidson’s price objective indicates a potential upside of 22.82% from the stock’s previous close.

Several other equities analysts have also commented on AMD. Phillip Securities upgraded shares of Advanced Micro Devices from a “moderate buy” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Roth Mkm restated a “buy” rating on shares of Advanced Micro Devices in a report on Tuesday, February 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $230.00 target price on shares of Advanced Micro Devices in a research report on Monday, March 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Advanced Micro Devices in a research note on Monday, December 29th. Finally, TD Cowen reissued a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $296.44.

Advanced Micro Devices Trading Up 0.6%

NASDAQ:AMD opened at $305.33 on Friday. The stock has a 50-day simple moving average of $218.99 and a 200-day simple moving average of $224.08. The stock has a market cap of $497.79 billion, a P/E ratio of 115.22, a P/E/G ratio of 1.10 and a beta of 1.96. Advanced Micro Devices has a 1 year low of $90.37 and a 1 year high of $310.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.21. The business had revenue of $10.27 billion for the quarter, compared to analyst estimates of $9.65 billion. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The business’s quarterly revenue was up 34.1% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. As a group, analysts anticipate that Advanced Micro Devices will post 5.78 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 27,109 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $275.00, for a total value of $7,454,975.00. Following the completion of the sale, the executive vice president owned 1,267,357 shares in the company, valued at $348,523,175. This trade represents a 2.09% 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 Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total value of $4,216,954.50. Following the transaction, the executive vice president directly owned 289,098 shares of the company’s stock, valued at approximately $62,679,337.38. This trade represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 273,352 shares of company stock worth $59,173,070 over the last quarter. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. Joseph Group Capital Management purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $25,000. Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $27,000. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $27,000. Basepoint Wealth LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $30,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Stifel raised its price target to $320, cited accelerating AI demand and lifted investor conviction in AMD’s upside. This fresh Wall Street upgrade is a key driver of today’s rally. Stifel Hikes AMD Target
• Positive Sentiment: AMD launched the Ryzen 9 9950X3D2 (Dual Edition), a premium CPU that boosts AMD’s positioning in high?end gaming and could support better ASPs and margins in PC and gaming channels. Product strength fuels sentiment around future revenue and margins. Ryzen 9950X3D2 Launch
• Positive Sentiment: Intel’s blowout Q1 and upbeat guidance lifted sentiment across the chip sector; AMD and Arm shares popped on the “coattail” effect as investors re?price AI/CPU demand expectations higher. Sector momentum is amplifying AMD’s move. AMD and Arm Pop After Intel
• Positive Sentiment: Analyst upgrades and institutional flows have been significant this week (multiple price?target raises and coverage notes), helping drive momentum into new all?time highs and pre?market jumps. AMD Stock Surges on Upgrades
• Neutral Sentiment: Macro headwinds (risk from the US?Iran conflict and higher oil prices) kept futures mixed; traders showed reluctance to extend broad markets too far into the weekend despite chip optimism. This may limit upside breadth. Dow Futures Tumble
• Negative Sentiment: IFM Investors’ 13F filing shows a large estimated decrease (~324k shares) in its AMD position for the March quarter, a potential sign of institutional trimming that could pressure the stock if others follow. Note 13F data lag and may not reflect current flows. IFM Investors 13F Update
• Negative Sentiment: AMD flagged potential sequential gross?margin pressure (Zacks warns of a ~200bp drop as one?time gains fade and seasonal weakness hits), which could temper longer?term margin expectations and set a higher bar for upcoming earnings. Margin Contraction Warning

Advanced Micro Devices Company Profile

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.