Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $325.00

Advanced Micro Devices (NASDAQ:AMD) had its price target raised by Benchmark from $270.00 to $325.00 in a research report report published on Wednesday, Marketbeat.com reports. The firm currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other brokerages also recently issued reports on AMD. Raymond James Financial lifted their price target on Advanced Micro Devices from $120.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Wedbush raised their price objective on Advanced Micro Devices from $270.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday. Stifel Nicolaus lifted their target price on Advanced Micro Devices from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial reissued a “buy” rating and set a $273.00 target price (up previously from $213.00) on shares of Advanced Micro Devices in a research report on Tuesday, October 7th. Finally, Dbs Bank raised shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $263.26.

Advanced Micro Devices Trading Down 1.8%

NASDAQ:AMD opened at $233.54 on Wednesday. Advanced Micro Devices has a one year low of $76.48 and a one year high of $267.08. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The firm has a market cap of $379.00 billion, a P/E ratio of 134.22, a P/E/G ratio of 2.42 and a beta of 1.93. The firm has a 50-day simple moving average of $199.34 and a 200-day simple moving average of $158.35.

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

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the completion of the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 274,118 shares of company stock worth $46,180,719. 0.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently made changes to their positions in AMD. HHM Wealth Advisors LLC increased its holdings in Advanced Micro Devices by 2.4% in the third quarter. HHM Wealth Advisors LLC now owns 1,742 shares of the semiconductor manufacturer’s stock valued at $282,000 after buying an additional 40 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of Advanced Micro Devices by 0.3% during the 3rd quarter. HBK Sorce Advisory LLC now owns 13,404 shares of the semiconductor manufacturer’s stock worth $2,169,000 after acquiring an additional 43 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Advanced Micro Devices by 0.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,706 shares of the semiconductor manufacturer’s stock valued at $1,409,000 after acquiring an additional 43 shares during the period. Moseley Investment Management Inc. increased its stake in shares of Advanced Micro Devices by 0.5% in the 3rd quarter. Moseley Investment Management Inc. now owns 8,883 shares of the semiconductor manufacturer’s stock valued at $1,437,000 after purchasing an additional 44 shares in the last quarter. Finally, OneAscent Family Office LLC increased its stake in shares of Advanced Micro Devices by 2.6% in the 3rd quarter. OneAscent Family Office LLC now owns 1,755 shares of the semiconductor manufacturer’s stock valued at $284,000 after purchasing an additional 44 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

About Advanced Micro Devices

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.