Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the forty-four ratings firms that are presently covering the firm, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation, thirty have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $410.00.
A number of equities research analysts have recently commented on the company. KeyCorp lifted their price objective on Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $240.00 to $450.00 in a research note on Wednesday, May 6th. DA Davidson boosted their price objective on Advanced Micro Devices from $375.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price target on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Truist Financial set a $478.00 price target on Advanced Micro Devices in a research note on Wednesday, May 6th.
Read Our Latest Report on Advanced Micro Devices
Insider Transactions at Advanced Micro Devices
Hedge Funds Weigh In On Advanced Micro Devices
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMD. Vanguard Group Inc. lifted its position in shares of Advanced Micro Devices by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock valued at $33,949,256,000 after acquiring an additional 2,525,109 shares during the last quarter. State Street Corp lifted its position in shares of Advanced Micro Devices by 1.5% during the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer’s stock valued at $16,044,712,000 after acquiring an additional 1,094,835 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Advanced Micro Devices by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock valued at $8,015,897,000 after acquiring an additional 287,525 shares during the last quarter. Norges Bank acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $4,929,312,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Advanced Micro Devices by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer’s stock valued at $4,352,864,000 after acquiring an additional 55,969 shares during the last quarter. 71.34% of the stock is owned by institutional investors.
Advanced Micro Devices Stock Performance
Advanced Micro Devices stock opened at $516.03 on Wednesday. The company has a market capitalization of $841.43 billion, a price-to-earnings ratio of 169.19, a PEG ratio of 1.52 and a beta of 2.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. Advanced Micro Devices has a fifty-two week low of $108.62 and a fifty-two week high of $527.20. The stock has a fifty day moving average of $327.78 and a two-hundred day moving average of $255.70.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. On average, analysts anticipate that Advanced Micro Devices will post 6.2 EPS for the current fiscal year.
Advanced Micro Devices News Roundup
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Multiple articles highlighted AMD’s expanding AI and data center opportunity, including bullish takes that the company could be a major winner in the next AI cycle and that Wall Street sees a much larger market opportunity ahead. AMD Could Be the Biggest Winner in the Next AI Battle
- Positive Sentiment: Analyst commentary remained constructive overall, with reports pointing to continued upside potential from AMD’s rapid data center expansion and AI infrastructure demand. Prediction: AMD’s Rapid Data Center Expansion Fuels Bullish Target
- Neutral Sentiment: AMD CEO Lisa Su’s China trip and MIT commencement speech kept the company in the news, but the coverage was mostly about leadership presence and AI messaging rather than a direct business catalyst. In China, AMD CEO Lisa Su is understated while Nvidia’s Huang is more razzmatazz
- Neutral Sentiment: Rocket One’s acceptance into AMD’s AI Developer Program added another ecosystem-related headline, but the near-term financial impact appears limited. Rocket One Accepted into AMD AI Developer Program
- Negative Sentiment: Several pieces urged caution after AMD’s sharp run-up, including a Seeking Alpha downgrade calling the top and an article noting that there may be less room for mistakes at current levels. AMD: Ring, Ring – The Top Is Calling (Downgrade)
- Negative Sentiment: ARK Invest’s Cathie Wood trimmed her AMD stake, adding to investor concerns that some funds may be taking profits after the stock’s strong rally. Ark Investment’s Cathie Wood Just Trimmed Her AMD Stake
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.
Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.
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