Advanced Micro Devices (NASDAQ:AMD) Stock Moved Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a buy rating in a research note issued to investors on Sunday,Wall Street Zen reports.

A number of other research firms have also recently issued reports on AMD. Wolfe Research reissued an “outperform” rating and set a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. William Blair reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research report on Wednesday. HSBC reiterated a “hold” rating and issued a $540.00 price target on shares of Advanced Micro Devices in a report on Thursday. Sanford C. Bernstein reissued an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday. Finally, The Goldman Sachs Group restated a “buy” rating and set a $675.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $643.69.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $449.04 on Friday. The stock’s 50 day moving average price is $546.81 and its two-hundred day moving average price is $414.98. The stock has a market capitalization of $736.47 billion, a price-to-earnings ratio of 97.62, a PEG ratio of 4.54 and a beta of 2.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72. Advanced Micro Devices has a 52-week low of $188.22 and a 52-week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The company had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. Advanced Micro Devices’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS. On average, equities analysts predict that Advanced Micro Devices will post 6.59 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,262 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the transaction, the executive vice president directly owned 353,317 shares in the company, valued at approximately $191,038,501.90. This trade represents a 4.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the transaction, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. 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 231,100 shares of company stock valued at $114,867,400 in the last three months. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Rasp Wealth Solutions LLC acquired a new position in Advanced Micro Devices during the third quarter worth $269,000. MSH Capital Advisors LLC raised its position in Advanced Micro Devices by 211.5% in the third quarter. MSH Capital Advisors LLC now owns 6,715 shares of the semiconductor manufacturer’s stock worth $4,125,000 after acquiring an additional 4,559 shares in the last quarter. Cornerstone Advisory LLC lifted its holdings in Advanced Micro Devices by 1.7% in the third quarter. Cornerstone Advisory LLC now owns 4,810 shares of the semiconductor manufacturer’s stock valued at $2,942,000 after acquiring an additional 80 shares during the period. Ibex Wealth Advisors lifted its holdings in Advanced Micro Devices by 7.8% in the third quarter. Ibex Wealth Advisors now owns 11,245 shares of the semiconductor manufacturer’s stock valued at $6,879,000 after acquiring an additional 816 shares during the period. Finally, Shah Wealth Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $497,000. 71.34% of the stock is owned by institutional investors.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD reported record quarterly revenue of $13.38 billion, up 44.7% year over year, and earnings per share of $2.09, beating analyst estimates. Data-center revenue nearly doubled, helped by demand for AI chips. Stock Market Today, Nov. 6: AMD Surges on Record Quarterly Revenue and Stronger Growth Outlook
• Positive Sentiment: Management signaled faster growth ahead, forecasting revenue to rise more than 80% in 2027 and describing AMD’s AI business as poised for further expansion. CEO Lisa Su said the company has good visibility into data-center capacity needs through 2027. Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027
• Positive Sentiment: AMD’s rebound also came as investors bought semiconductor shares after Thursday’s sector-wide rout, suggesting some buyers viewed the selloff as an opportunity. Su pushed back on concerns about AI spending, calling the market’s reaction short-sighted. Chip Stocks Rebound, but Is the AI Selloff Over?
• Negative Sentiment: Some analysts warn that AMD’s premium valuation leaves the stock vulnerable if growth expectations or broader enthusiasm for AI weaken. A recent downgrade cited competition from Nvidia and Arm, as well as potential multiple compression. AMD: This Selloff Isn’t Enough
• Negative Sentiment: Despite the rebound, investors remain concerned about AI-chip valuations, heavy data-center spending, possible regulation and the durability of customer returns. These sector pressures could keep AMD shares volatile. AI Stocks Hit by Midterm Shock and Data-Center Spending Concerns

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors.

The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.