Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report)’s stock price reached a new 52-week high on Friday. The company traded as high as $642.78 and last traded at $640.1970, with a volume of 6185947 shares. The stock had previously closed at $615.73.
Advanced Micro Devices News Summary
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: World Labs acquisition expands AMD’s AI strategy. AMD’s planned $8.2 billion all-stock acquisition of Fei-Fei Li’s World Labs could strengthen its capabilities in spatial intelligence, robotics and “physical AI,” while helping guide future chip and rack-scale infrastructure development. An $8.2 Billion Reason to Buy AMD Stock
- Positive Sentiment: Large customer deployments reinforce demand for AMD systems. Hewlett Packard Enterprise secured a $1.2 billion order from Vultr to deploy AMD Helios AI racks across data centers. HPE also raised its networking revenue outlook, offering evidence of growing demand for AMD-powered AI infrastructure. HPE CFO discusses $1.2B deal with Vultr
- Positive Sentiment: Analysts and investors remain bullish on long-term growth. Recent commentary highlights sustained AI demand, doubled data-center revenue, record server-CPU quarters, improving earnings power and potential growth in autonomous AI. Rosenblatt reaffirmed a Buy rating, while other coverage argues AMD can benefit without overtaking Nvidia. Why AMD is a Top Stock for the Long-Term
- Positive Sentiment: AMD is gaining visibility in gaming and specialized markets. AMD helped drive September gains in the GAMR gaming index, while updates on chips intended for space missions point to additional, longer-term applications. AMD, Meta Power GAMR’s Gaming Index
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Roth Capital lifted their price target on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Cantor Fitzgerald restated an “overweight” rating and issued a $700.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Mizuho lifted their target price on Advanced Micro Devices from $615.00 to $625.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $567.62.
Advanced Micro Devices Price Performance
The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 162.60, a P/E/G ratio of 6.35 and a beta of 2.45. The company’s 50 day moving average is $510.41 and its 200-day moving average is $443.02.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the prior year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 50.1% compared to the same quarter last year. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.
Insider Buying and Selling at Advanced Micro Devices
In related news, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This represents a 2.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 213,838 shares of company stock worth $105,533,836 in the last three months. 0.50% of the stock is owned by insiders.
Institutional Trading of Advanced Micro Devices
Hedge funds and other institutional investors have recently modified their holdings of the stock. Southpoint Capital Advisors LP grew its holdings in shares of Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock valued at $183,087,000 after acquiring an additional 300,000 shares in the last quarter. Boomfish Wealth Group LLC bought a new stake in shares of Advanced Micro Devices in the first quarter valued at $1,193,000. Dimensional Fund Advisors LP lifted its holdings in Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after purchasing an additional 291,165 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $100,834,000. Finally, Nan Shan Life Insurance Co. Ltd. boosted its holdings in shares of Advanced Micro Devices by 1,288.6% in the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer’s stock worth $127,899,000 after acquiring an additional 204,315 shares during the period. Institutional investors own 71.34% of the company’s stock.
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.
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