Advanced Micro Devices (NASDAQ:AMD) Given New $283.00 Price Target at Evercore ISI

Advanced Micro Devices (NASDAQ:AMD) had its price target lifted by equities research analysts at Evercore ISI from $270.00 to $283.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor manufacturer’s stock. Evercore ISI’s price target indicates a potential upside of 19.15% from the company’s current price.

Several other equities analysts also recently issued reports on AMD. Sanford C. Bernstein reiterated a “market perform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. Citigroup raised their price target on Advanced Micro Devices from $215.00 to $260.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Susquehanna reiterated a “positive” rating and issued a $300.00 target price on shares of Advanced Micro Devices in a report on Friday, October 31st. Barclays lifted their price objective on Advanced Micro Devices from $200.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Finally, TD Cowen increased their target price on Advanced Micro Devices from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $271.20.

Advanced Micro Devices Trading Down 2.6%

Shares of Advanced Micro Devices stock opened at $237.52 on Wednesday. The firm has a market capitalization of $386.69 billion, a PE ratio of 136.51, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices has a 52-week low of $76.48 and a 52-week high of $267.08. The company’s fifty day moving average price is $202.47 and its two-hundred day moving average price is $161.38.

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

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,800 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total value of $3,767,904.00. Following the sale, the executive vice president owned 1,714,505 shares of the company’s stock, valued at approximately $384,529,181.40. This trade represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the transaction, the executive vice president owned 311,598 shares of the company’s stock, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 264,118 shares of company stock worth $44,448,619. Insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

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

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.