Cantor Fitzgerald Reaffirms Overweight Rating for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “overweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a research report issued on Wednesday, Benzinga reports. They presently have a $700.00 price objective on the semiconductor manufacturer’s stock. Cantor Fitzgerald‘s price target would indicate a potential upside of 44.66% from the stock’s previous close.

AMD has been the subject of several other reports. Robert W. Baird set a $1,250.00 target price on shares of Advanced Micro Devices in a research note on Friday, July 24th. Zacks Research lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Raymond James Financial reiterated a “strong-buy” rating and issued a $649.00 price target on shares of Advanced Micro Devices in a research note on Wednesday. UBS Group reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $700.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $605.11.

Advanced Micro Devices Stock Up 3.7%

AMD stock opened at $483.90 on Wednesday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $548.70 and a two-hundred day moving average price of $411.73. The company has a market cap of $789.95 billion, a price-to-earnings ratio of 124.40, a P/E/G ratio of 4.79 and a beta of 2.49. Advanced Micro Devices has a twelve month low of $188.22 and a twelve month high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.14. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The firm had revenue of $13.38 billion for the quarter, compared to analyst estimates of $13.10 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. The business’s quarterly revenue was up 44.7% on a year-over-year basis. Analysts anticipate that Advanced Micro Devices will post 6.50 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,993 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the completion of the sale, the senior vice president directly owned 26,623 shares in the company, valued at $13,010,393.87. This trade represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 231,100 shares of company stock valued at $114,867,400. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently added to or reduced their stakes in AMD. rebel Financial LLC acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth approximately $234,000. StoneRidge PMG Advisors LLC bought a new position in shares of Advanced Micro Devices during the third quarter worth approximately $2,175,000. Burton Enright Welch increased its holdings in shares of Advanced Micro Devices by 4.5% during the third quarter. Burton Enright Welch now owns 1,030 shares of the semiconductor manufacturer’s stock worth $630,000 after purchasing an additional 44 shares during the period. Beverly Hills Private Wealth LLC increased its holdings in shares of Advanced Micro Devices by 6.4% during the third quarter. Beverly Hills Private Wealth LLC now owns 635 shares of the semiconductor manufacturer’s stock worth $388,000 after purchasing an additional 38 shares during the period. Finally, Bryn Mawr Trust Advisors LLC raised its position in shares of Advanced Micro Devices by 6.1% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 10,791 shares of the semiconductor manufacturer’s stock valued at $6,602,000 after buying an additional 622 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Quarterly results beat expectations. AMD reported fiscal Q3 adjusted EPS of $2.09 and revenue of $13.38 billion, ahead of analyst forecasts. Data-center revenue rose 97% year over year to $8.55 billion, powered by record sales of Instinct GPUs and EPYC CPUs. Reuters report
• Positive Sentiment: Outlook reinforces the AI growth story. Management forecast about $17 billion in Q4 revenue, above expectations, and expects AI data-center revenue to more than double in 2027. The outlook helped ease concerns about whether AI-chip spending can sustain its pace. Benzinga report
• Positive Sentiment: Analyst support adds to investor confidence. TD Cowen called AMD a top pick, citing strong AI momentum after the results, while Wedbush reiterated an Outperform rating and a $600 price target. TipRanks report
• Neutral Sentiment: Broader U.S. futures also rebounded in morning trading, providing a supportive market backdrop, though this move was not specific to AMD. Barchart report
• Negative Sentiment: Execution and valuation risks remain. The Q4 adjusted gross-margin outlook of 55% was slightly below analyst expectations, and AMD faces tight supplies of high-bandwidth memory needed for AI processors. Commentary also flagged rising inventory and weaker free cash flow as potential costs of the rapid expansion; AMD’s high valuation leaves less room for execution misses. Economic Times report

About Advanced Micro Devices

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.