Cantor Fitzgerald Reaffirms “Overweight” Rating for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a research note issued on Wednesday,Benzinga reports. They presently have a $200.00 price objective on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 16.01% from the stock’s previous close. Cantor Fitzgerald also issued estimates for Advanced Micro Devices’ FY2025 earnings at $3.20 EPS.

AMD has been the subject of several other research reports. Raymond James Financial increased their price target on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup increased their target price on shares of Advanced Micro Devices from $145.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Dbs Bank cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Roth Capital set a $150.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a report on Friday, June 13th. Finally, Susquehanna boosted their target price on Advanced Micro Devices from $135.00 to $210.00 and gave the company a “positive” rating in a research note on Wednesday, July 30th. Thirteen research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.56.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $172.40 on Wednesday. The company has a market capitalization of $279.53 billion, a PE ratio of 99.08, a PEG ratio of 2.15 and a beta of 1.94. The company has a quick ratio of 1.97, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average price is $143.30 and its 200-day moving average price is $117.90. Advanced Micro Devices has a twelve month low of $76.48 and a twelve month high of $182.50.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The business had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same period in the prior year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities analysts anticipate that Advanced Micro Devices will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has approved a stock buyback program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.06% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several hedge funds and other institutional investors have recently bought and sold shares of AMD. Brighton Jones LLC raised its holdings in Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after acquiring an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Advanced Micro Devices by 12.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer’s stock worth $31,958,000 after purchasing an additional 29,825 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Advanced Micro Devices by 15.3% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 8,894 shares of the semiconductor manufacturer’s stock worth $1,074,000 after purchasing an additional 1,181 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd grew its stake in shares of Advanced Micro Devices by 2,744.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 768 shares of the semiconductor manufacturer’s stock worth $93,000 after purchasing an additional 741 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

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.