Advanced Micro Devices’ (AMD) “Outperform” Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a report published on Wednesday,Benzinga reports. Wedbush currently has a $600.00 price target on the semiconductor manufacturer’s stock.

AMD has been the topic of a number of other reports. Mizuho cut their price target on Advanced Micro Devices from $705.00 to $610.00 and set an “outperform” rating on the stock in a report on Wednesday. DA Davidson increased their target price on shares of Advanced Micro Devices from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Research lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Wells Fargo & Company decreased their target price on shares of Advanced Micro Devices from $700.00 to $650.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, William Blair restated a “market perform” rating on shares of Advanced Micro Devices in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $643.69.

Advanced Micro Devices Trading Up 11.0%

AMD traded up $44.64 during trading hours on Wednesday, reaching $449.04. 45,659,370 shares of the company’s stock traded hands, compared to its average volume of 21,429,916. 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 price of $546.81 and a 200 day moving average price of $414.98. The firm has a market capitalization of $733.04 billion, a PE ratio of 97.62, a PEG ratio of 4.79 and a beta of 2.49. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly 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 firm had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. Advanced Micro Devices’s quarterly revenue was up 44.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices will post 6.57 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,262 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the sale, the executive vice president owned 353,317 shares in the company, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the completion of the transaction, the executive vice president directly owned 117,687 shares in the company, valued at $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 231,100 shares of company stock worth $114,867,400 over the last ninety days. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

A number of hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Advisory LLC lifted its holdings in shares of Advanced Micro Devices by 1.7% in the 3rd quarter. Cornerstone Advisory LLC now owns 4,810 shares of the semiconductor manufacturer’s stock valued at $2,942,000 after buying an additional 80 shares during the period. Ibex Wealth Advisors raised its position 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 worth $6,879,000 after acquiring an additional 816 shares in the last quarter. Shah Wealth Advisors LLC acquired a new stake in Advanced Micro Devices in the third quarter valued at $497,000. Wellington Grp LLC boosted its position in shares of Advanced Micro Devices by 136.6% during the 3rd quarter. Wellington Grp LLC now owns 9,858 shares of the semiconductor manufacturer’s stock worth $6,031,000 after purchasing an additional 5,692 shares in the last quarter. Finally, Purkiss Capital Advisors LLC grew its stake in shares of Advanced Micro Devices by 1,584.4% during the 3rd quarter. Purkiss Capital Advisors LLC now owns 6,805 shares of the semiconductor manufacturer’s stock worth $4,163,000 after purchasing an additional 6,401 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting 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.