Piper Sandler Reaffirms Overweight Rating for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “overweight” rating reiterated by analysts at Piper Sandler in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $280.00 price objective on the semiconductor manufacturer’s stock. Piper Sandler’s target price suggests a potential upside of 12.92% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Advanced Micro Devices from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday. Seaport Res Ptn cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. KGI Securities set a $260.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a research note on Monday, October 13th. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their price target on Advanced Micro Devices from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $273.49.

Advanced Micro Devices Stock Down 4.2%

Shares of AMD opened at $247.96 on Wednesday. The stock has a market capitalization of $403.69 billion, a price-to-earnings ratio of 142.51, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93. Advanced Micro Devices has a 1 year low of $76.48 and a 1 year high of $267.08. The business’s 50 day simple moving average is $206.13 and its 200-day simple moving average is $162.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.

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

Insider Transactions at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,868 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares of the company’s stock, valued at $2,041,548.33. This represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the firm’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 transaction, the chief executive officer directly owned 3,359,748 shares in the company, valued at $550,897,879.56. This trade represents a 6.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 264,118 shares of company stock worth $44,448,619 over the last quarter. 0.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the business. Wise Wealth Partners acquired a new position in Advanced Micro Devices during the 2nd quarter worth approximately $343,000. Waterfront Wealth Inc. purchased a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $1,145,000. Parisi Gray Wealth Management acquired a new position in Advanced Micro Devices during the second quarter worth $343,000. Cornercap Investment Counsel Inc. grew its holdings in Advanced Micro Devices by 43.3% during the second quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock worth $1,738,000 after acquiring an additional 3,702 shares during the period. Finally, Davis Investment Partners LLC purchased a new position in Advanced Micro Devices in the second quarter worth $736,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Company Profile

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.