Advanced Micro Devices (NASDAQ:AMD) Shares Gap Up on Analyst Upgrade

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) gapped up before the market opened on Tuesday after Citigroup raised their price target on the stock from $180.00 to $215.00. The stock had previously closed at $203.71, but opened at $214.85. Citigroup currently has a neutral rating on the stock. Advanced Micro Devices shares last traded at $213.76, with a volume of 39,026,605 shares changing hands.

Several other analysts have also commented on AMD. TD Cowen raised their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Morgan Stanley raised their price objective on Advanced Micro Devices from $168.00 to $246.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Advanced Micro Devices in a report on Saturday, September 27th. Mizuho raised their price objective on Advanced Micro Devices from $183.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday, August 14th. Finally, Roth Capital set a $250.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.00.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president owned 311,598 shares in the company, valued at $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer owned 3,359,748 shares in the company, valued at $550,897,879.56. This represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 272,448 shares of company stock worth $44,554,848 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors and hedge funds have recently modified their holdings of the company. Cooper Financial Group raised its holdings in shares of Advanced Micro Devices by 3.1% in the 3rd quarter. Cooper Financial Group now owns 5,805 shares of the semiconductor manufacturer’s stock valued at $939,000 after buying an additional 173 shares during the period. New Covenant Trust Company N.A. purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at $215,000. McLean Asset Management Corp purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at $250,000. Acropolis Investment Management LLC raised its holdings in shares of Advanced Micro Devices by 6.1% in the 3rd quarter. Acropolis Investment Management LLC now owns 2,063 shares of the semiconductor manufacturer’s stock valued at $334,000 after buying an additional 119 shares during the period. Finally, Lbmc Investment Advisors LLC grew its stake in Advanced Micro Devices by 48.3% during the 3rd quarter. Lbmc Investment Advisors LLC now owns 8,441 shares of the semiconductor manufacturer’s stock worth $1,366,000 after purchasing an additional 2,750 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

The stock has a market capitalization of $343.25 billion, a price-to-earnings ratio of 121.56, a PEG ratio of 2.40 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The company has a 50 day moving average of $167.22 and a 200 day moving average of $135.02.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS 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 company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.