Advanced Micro Devices (NASDAQ:AMD) Stock Gets Price Target Bump from JPMorgan Chase & Co.

Advanced Micro Devices (NASDAQ:AMD) had its target price raised by stock analysts at JPMorgan Chase & Co. from $550.00 to $575.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the semiconductor manufacturer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 19.58% from the stock’s current price.

Other research analysts also recently issued reports about the company. Stifel Nicolaus raised their price objective on Advanced Micro Devices from $700.00 to $725.00 and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets began coverage on shares of Advanced Micro Devices in a research note on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target on the stock. CLSA reaffirmed an “outperform” rating and set a $710.00 target price on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Finally, KeyCorp reiterated an “overweight” rating and set a $725.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $619.30.

Advanced Micro Devices Price Performance

Shares of AMD traded down $3.06 during midday trading on Wednesday, hitting $480.85. 40,273,760 shares of the company traded hands, compared to its average volume of 31,740,412. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices has a 52 week low of $188.22 and a 52 week high of $658.52. The firm has a 50 day moving average of $548.70 and a 200-day moving average of $411.73. The stock has a market cap of $784.97 billion, a price-to-earnings ratio of 123.66, a PEG ratio of 4.79 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The firm had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. Advanced Micro Devices’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. On average, analysts forecast that Advanced Micro Devices will post 6.50 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the sale, the chief executive officer directly owned 3,032,156 shares in the company, valued at approximately $1,536,696,660.80. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the transaction, the executive vice president directly owned 353,317 shares of the company’s stock, valued at approximately $191,038,501.90. This represents a 4.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after purchasing an additional 4,535,126 shares in the last quarter. State Street Corp lifted its position in shares of Advanced Micro Devices by 2.9% in the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after buying an additional 2,149,563 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Advanced Micro Devices in the second quarter worth about $7,022,226,000. Jennison Associates LLC lifted its position in shares of Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after buying an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Advanced Micro Devices by 33.9% during the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock valued at $5,422,444,000 after buying an additional 2,365,419 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD beat third-quarter estimates, with revenue up about 45% year over year and data-center revenue climbing 97% to $8.55 billion on demand for Instinct GPUs and EPYC CPUs. Reuters report on AMD earnings
• Positive Sentiment: Management forecast fourth-quarter revenue of about $17 billion and sees revenue growth above 80% in 2027, with AI data-center revenue expected to more than double. The outlook supports hopes that AI demand and Helios deployments can sustain growth. AMD growth outlook
• Positive Sentiment: Several analysts reaffirmed bullish ratings or lifted price targets after results, including Piper Sandler’s increase to $650 and Wedbush’s $600 target. Analyst forecast changes
• Neutral Sentiment: The earnings beat and optimistic guidance initially lifted shares, but the muted follow-through suggests investors are looking for evidence that projected growth will convert into durable profits. Analyst reactions to AMD earnings
• Negative Sentiment: AI expansion carries financial costs: reports highlight reduced free cash flow and potential data-center customer guarantees reaching $8.5 billion. Investors may scrutinize the returns and risks tied to financing large AI deployments. Report on AMD data-center guarantees
• Negative Sentiment: AMD also faces high-bandwidth memory supply constraints and tougher competition: Intel is growing its data-center business, while Broadcom’s custom chips could pressure GPU pricing. Report on AMD competition

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.