DA Davidson Issues Positive Forecast for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Advanced Micro Devices (NASDAQ:AMD) had its target price hoisted by DA Davidson from $550.00 to $600.00 in a research report released on Wednesday morning, Marketbeat.com reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Several other equities research analysts also recently commented on the stock. Bank of America reduced their price target on shares of Advanced Micro Devices from $720.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group decreased their price objective on shares of Advanced Micro Devices from $730.00 to $700.00 and set a “buy” rating for the company in a research note on Wednesday. KeyCorp reiterated an “overweight” rating and set a $725.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $465.00 to $510.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $700.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $627.61.

Advanced Micro Devices Price Performance

AMD stock opened at $488.78 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a one year low of $188.22 and a one year high of $658.52. The firm has a market capitalization of $797.92 billion, a PE ratio of 106.26, a P/E/G ratio of 4.97 and a beta of 2.49. The firm has a 50-day moving average of $548.90 and a two-hundred day moving average of $413.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14. The company had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.34%. The business’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same period last year, the company posted $1.20 earnings per share. On average, analysts forecast that Advanced Micro Devices will post 6.50 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Mark Papermaster sold 28,811 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 70,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the sale, the chief executive officer owned 3,032,156 shares of the company’s stock, valued at approximately $1,536,696,660.80. This represents a 2.26% decrease in their ownership of the stock. 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 90 days, insiders sold 231,100 shares of company stock worth $114,867,400. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

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

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD beat third-quarter earnings and revenue estimates, with data-center revenue up about 97% year over year on demand for Instinct GPUs and EPYC CPUs. The results helped bolster confidence that AI spending is translating into sales. Reuters report on AMD’s results and outlook
• Positive Sentiment: The company forecast fourth-quarter revenue of about $17 billion, above analyst expectations, and management outlined potential revenue growth of more than 80% in 2027 as AI infrastructure expands. AMD Q3 earnings-call outlook
• Positive Sentiment: Several analysts raised price targets after the results, including Piper Sandler, which lifted its target to $650 and maintained an Overweight rating. These revisions reflect optimism about AI demand and server CPU prospects. Analyst views following AMD’s results
• Neutral Sentiment: The strong results and outlook have helped shares recover, but the stock’s reaction has been uneven as investors weigh whether AMD can deliver on ambitious 2027 expectations. Analysts assess AMD’s earnings
• Negative Sentiment: Risks include an elevated valuation, weaker gaming performance, and pressure on free cash flow as AMD invests to support growth. The company also faces constraints in sourcing high-bandwidth memory, while Intel and custom-chip providers compete for data-center spending. AMD growth opportunities and risks

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.