Advanced Micro Devices (NASDAQ:AMD) Shares Up 3.9% – Here’s What Happened

Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 3.9% during trading on Wednesday . The company traded as high as $215.59 and last traded at $214.24. Approximately 43,063,423 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 50,313,309 shares. The stock had previously closed at $206.13.

Wall Street Analyst Weigh In

AMD has been the topic of several research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Mizuho increased their price objective on shares of Advanced Micro Devices from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $280.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Loop Capital set a $290.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Barclays reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $278.54.

Advanced Micro Devices Stock Up 3.9%

The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $216.50 and a 200-day simple moving average of $170.46. The company has a market cap of $348.79 billion, a PE ratio of 123.13, a P/E/G ratio of 2.42 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping 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 business had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same period in the prior year, the company posted $0.92 EPS. The business’s quarterly revenue was up 35.6% on a year-over-year basis. Advanced Micro Devices has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,108 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the transaction, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at $411,686,940.60. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the sale, the senior vice president owned 9,033 shares in the company, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 75,676 shares of company stock worth $16,124,589. Company insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds have recently made changes to their positions in AMD. Strategic Advocates LLC lifted its position in shares of Advanced Micro Devices by 3.1% in the third quarter. Strategic Advocates LLC now owns 5,317 shares of the semiconductor manufacturer’s stock valued at $860,000 after acquiring an additional 162 shares in the last quarter. Lantern Wealth Advisors LLC purchased a new position in Advanced Micro Devices in the 3rd quarter valued at $273,000. KERR FINANCIAL PLANNING Corp purchased a new position in Advanced Micro Devices in the 3rd quarter valued at $783,000. Alexander Labrunerie & CO. Inc. acquired a new stake in Advanced Micro Devices during the 3rd quarter worth $241,000. Finally, Keyes Stange & Wooten Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices during the third quarter worth $280,000. Institutional investors and hedge funds 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.