Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 5.1% – Still a Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares were up 5.1% during mid-day trading on Monday . The stock traded as high as $494.97 and last traded at $490.33. Approximately 24,897,965 shares changed hands during trading, a decline of 35% from the average daily volume of 38,472,457 shares. The stock had previously closed at $466.38.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD announced a major £2 billion UK investment to accelerate AI research, supercomputing, and workforce development, with partnerships that could strengthen its role in sovereign AI infrastructure. AMD Commits up to £2 Billion to Accelerate AI Innovation and Research in the United Kingdom
• Positive Sentiment: Wall Street commentary remains bullish on AMD’s AI momentum, with multiple reports pointing to strong earnings, rising institutional support, and analyst targets up to $600. Advanced Micro Devices (AMD) Stock Soars to $466 as Analysts Set $600 Target
• Positive Sentiment: AMD is benefiting from a broader rebound in chip stocks as investors reassess the recent AI selloff and rotate back into semiconductors. Why Is AMD Stock Gaining Monday?

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMD shares. HSBC lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and upped their price target for the company from $335.00 to $340.00 in a research note on Monday, May 4th. Jefferies Financial Group lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada upped their price target on Advanced Micro Devices from $325.00 to $400.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Mizuho upped their price target on Advanced Micro Devices from $515.00 to $615.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Finally, Wells Fargo & Company upped their price target on Advanced Micro Devices from $345.00 to $505.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $419.86.

Advanced Micro Devices Stock Up 5.1%

The business has a fifty day moving average of $358.36 and a 200 day moving average of $265.16. The firm has a market cap of $799.53 billion, a P/E ratio of 160.76, a P/E/G ratio of 1.37 and a beta of 2.50. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm’s revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 earnings per share. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total value of $55,688,750.00. Following the completion of the sale, the chief executive officer owned 3,021,899 shares in the company, valued at approximately $1,346,286,223.49. This represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 31,320 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the sale, the executive vice president owned 1,236,037 shares of the company’s stock, valued at $432,612,950. This represents a 2.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 339,532 shares of company stock valued at $119,504,341 in the last ninety days. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several large investors have recently modified their holdings of AMD. Brighton Jones LLC increased its holdings in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after acquiring an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Advanced Micro Devices by 125.1% during the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after buying an additional 2,970 shares during the period. United Bank boosted its position in shares of Advanced Micro Devices by 22.0% during the second quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock worth $1,881,000 after buying an additional 2,392 shares during the period. Finally, Schnieders Capital Management LLC. boosted its position in shares of Advanced Micro Devices by 361.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock worth $1,310,000 after buying an additional 7,228 shares during the period. 71.34% of the stock is currently owned by institutional investors.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.