Morgan Stanley Reaffirms “Equal Weight” Rating for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Morgan Stanley in a research report issued on Wednesday,Benzinga reports. They presently have a $260.00 price target on the semiconductor manufacturer’s stock. Morgan Stanley’s price objective indicates a potential upside of 9.46% from the stock’s previous close.

A number of other equities analysts also recently weighed in on AMD. Mizuho upped their target price on Advanced Micro Devices from $275.00 to $285.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group increased their price objective on Advanced Micro Devices from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Stifel Nicolaus boosted 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, November 5th. Loop Capital set a $290.00 target price on Advanced Micro Devices and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Truist Financial reiterated a “buy” rating and set a $279.00 price target (up from $273.00) on shares of Advanced Micro Devices in a report on Wednesday, November 5th. 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 currently has an average rating of “Moderate Buy” and an average price target of $271.20.

Advanced Micro Devices Trading Down 2.6%

Shares of NASDAQ AMD opened at $237.52 on Wednesday. Advanced Micro Devices has a 12 month low of $76.48 and a 12 month high of $267.08. The company has a market cap of $386.69 billion, a price-to-earnings ratio of 136.51, a P/E/G ratio of 2.42 and a beta of 1.93. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $202.47 and a 200-day simple moving average of $161.38.

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

Insider Activity

In other news, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the transaction, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the transaction, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. This represents a 6.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 264,118 shares of company stock valued at $44,448,619. 0.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allianz SE increased its position in Advanced Micro Devices by 32.5% during the third quarter. Allianz SE now owns 106,201 shares of the semiconductor manufacturer’s stock worth $17,182,000 after acquiring an additional 26,072 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Advanced Micro Devices during the third quarter valued at about $1,131,000. 1ST Source Bank lifted its stake in shares of Advanced Micro Devices by 12.8% in the third quarter. 1ST Source Bank now owns 6,832 shares of the semiconductor manufacturer’s stock valued at $1,105,000 after buying an additional 774 shares during the period. TIAA Trust National Association grew its position in Advanced Micro Devices by 3.3% during the third quarter. TIAA Trust National Association now owns 19,771 shares of the semiconductor manufacturer’s stock worth $3,199,000 after buying an additional 626 shares in the last quarter. Finally, Warm Springs Advisors Inc. increased its stake in Advanced Micro Devices by 11.3% during the third quarter. Warm Springs Advisors Inc. now owns 25,316 shares of the semiconductor manufacturer’s stock valued at $4,096,000 after acquiring an additional 2,565 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.