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

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

Other analysts also recently issued reports about the company. CLSA restated an “outperform” rating and issued a $710.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. Citigroup upgraded Advanced Micro Devices from a “market perform” rating to a “buy” rating in a research report on Wednesday, July 22nd. Barclays downgraded Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a report on Friday, June 12th. Loop Capital raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Tuesday, June 16th. Finally, Benchmark upped their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $569.25.

Advanced Micro Devices Trading Down 0.3%

Shares of AMD stock opened at $631.75 on Friday. The firm has a 50 day moving average price of $515.38 and a two-hundred day moving average price of $449.17. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.03 trillion, a PE ratio of 162.40, a price-to-earnings-growth ratio of 6.58 and a beta of 2.45. Advanced Micro Devices has a 12-month low of $188.22 and a 12-month high of $645.46.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business’s revenue was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. As a group, analysts predict that Advanced Micro Devices will post 6.43 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,993 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the completion of the sale, the senior vice president owned 26,623 shares of the company’s stock, valued at $13,010,393.87. This represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the sale, the executive vice president owned 363,317 shares in the company, valued at $182,766,616.85. The trade was a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 213,838 shares of company stock worth $105,533,836 in the last quarter. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its position in shares of Advanced Micro Devices by 2.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,253 shares of the semiconductor manufacturer’s stock worth $1,378,000 after acquiring an additional 64 shares in the last quarter. Box Hill Private Wealth LLC raised its holdings in shares of Advanced Micro Devices by 2.5% during the 3rd quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer’s stock worth $486,000 after buying an additional 19 shares in the last quarter. Park National Corp OH raised its holdings in shares of Advanced Micro Devices by 1.9% during the 3rd quarter. Park National Corp OH now owns 2,305 shares of the semiconductor manufacturer’s stock worth $1,410,000 after buying an additional 42 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 27.4% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 2,162 shares of the semiconductor manufacturer’s stock worth $1,467,000 after buying an additional 465 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its position in shares of Advanced Micro Devices by 6,968.7% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock worth $85,995,000 after buying an additional 138,328 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Stifel Nicolaus reiterated a Buy rating and raised its AMD price target from $635 to $700, implying additional upside. Analyst Ruben Roy expects a third-quarter “beat-and-raise,” supported by EPYC server processors, with the MI450 product launch and profit margins key to the fourth-quarter outlook. Stifel Raises AMD Stock Price Target Ahead of Q3 Earnings
• Positive Sentiment: AMD’s history of exceeding earnings estimates, together with favorable analyst and company projections, has increased expectations for another quarterly earnings beat. A strong report could support the stock’s recent rally. Why Advanced Micro Could Beat Earnings Estimates Again
• Positive Sentiment: Investors continue to view AMD as a major beneficiary of expanding AI inference and data-center demand. Its planned World Labs acquisition and relationships with major customers such as OpenAI and Meta are intended to strengthen its AI opportunity. AMD’s $8.2 Billion AI Bet
• Neutral Sentiment: Broader market conditions remain supportive: strategists argue that the S&P 500’s historically low PEG ratio suggests stocks may not be as expensive relative to expected growth as headline valuations imply. Are Stocks Expensive?
• Negative Sentiment: AMD’s valuation is a central concern. Commentators note that it is substantially more expensive than Nvidia on forward earnings measures, while its roughly 162 price-to-earnings ratio leaves little room for an earnings miss or weaker guidance. Bull v. Bear: AMD More Expensive than Nvidia
• Negative Sentiment: AMD has reportedly committed up to 320 million shares to OpenAI and Meta at a nominal price, potentially increasing the share count and creating future dilution for existing shareholders. AMD Share Commitments to OpenAI and Meta
• Negative Sentiment: Reports of leaked details involving a canceled Ryzen 9 5900X3D processor added a minor headline risk, although the leak itself does not materially change AMD’s longer-term AI and data-center thesis. AMD Stock Slips After Ryzen CPU Leak

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.