Morgan Stanley Issues Positive Forecast for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Advanced Micro Devices (NASDAQ:AMDFree Report) had its target price raised by Morgan Stanley from $168.00 to $246.00 in a research report released on Tuesday morning, MarketBeat reports. The firm currently has an equal weight rating on the semiconductor manufacturer’s stock.

A number of other equities research analysts have also weighed in on the stock. Bank of America upped their target price on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Jefferies Financial Group set a $300.00 target price on shares of Advanced Micro Devices and gave the stock a “positive” rating in a report on Monday. Wedbush restated a “cautious” rating on shares of Advanced Micro Devices in a report on Saturday, August 9th. UBS Group upped their target price on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $213.00.

View Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $211.51 on Tuesday. The firm’s 50-day moving average price is $167.22 and its 200-day moving average price is $135.02. Advanced Micro Devices has a 1-year low of $76.48 and a 1-year high of $226.71. The firm has a market capitalization of $343.25 billion, a P/E ratio of 121.56, a P/E/G ratio of 2.40 and a beta of 1.90. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced 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 net margin of 9.57% and a return on equity of 7.54%. The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the prior year, the company posted $0.69 EPS. Advanced Micro Devices’s revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the transaction, the executive vice president directly owned 313,848 shares of the company’s stock, valued at $50,507,558.64. This represents a 5.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the transaction, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 272,448 shares of company stock valued at $44,554,848 over the last quarter. 0.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMD. Norges Bank bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at approximately $3,094,662,000. Kingstone Capital Partners Texas LLC bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $958,422,000. Goldman Sachs Group Inc. boosted its holdings in Advanced Micro Devices by 169.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer’s stock worth $1,012,538,000 after buying an additional 6,200,850 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Advanced Micro Devices by 131.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock worth $1,069,846,000 after buying an additional 5,915,185 shares during the period. Finally, Nuveen LLC bought a new position in Advanced Micro Devices in the 1st quarter worth approximately $436,746,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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