Advanced Micro Devices (NASDAQ:AMD) Earns Buy Rating from Bank of America

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “buy” rating reaffirmed by Bank of America in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $300.00 price objective on the semiconductor manufacturer’s stock. Bank of America‘s price objective points to a potential upside of 20.99% from the stock’s current price.

A number of other research analysts also recently commented on AMD. Wolfe Research set a $300.00 price objective on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Robert W. Baird set a $300.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 5th. HSBC boosted their price objective on Advanced Micro Devices from $185.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Stifel Nicolaus increased their target price on Advanced Micro Devices from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft set a $235.00 price target on Advanced Micro Devices and gave the company a “hold” rating in a report on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $273.49.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $247.96 on Wednesday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The business has a 50 day moving average price of $206.13 and a two-hundred day moving average price of $162.66. The firm has a market cap of $403.69 billion, a PE ratio of 142.51, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93.

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

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,800 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the sale, the executive vice president owned 1,714,505 shares of the company’s stock, valued at $384,529,181.40. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 264,118 shares of company stock valued at $44,448,619 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Advanced Micro Devices by 178.2% in 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 in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after purchasing an additional 234 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Advanced Micro Devices by 10.0% during the 1st quarter. Stephens Inc. AR now owns 30,148 shares of the semiconductor manufacturer’s stock worth $3,097,000 after purchasing an additional 2,733 shares during the last quarter. Bridgewater Advisors Inc. bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at $586,000. Finally, Bryn Mawr Capital Management LLC boosted its holdings in Advanced Micro Devices by 38.3% in the first quarter. Bryn Mawr Capital Management LLC now owns 7,172 shares of the semiconductor manufacturer’s stock worth $737,000 after purchasing an additional 1,988 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.