Wedbush Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $115.00

Advanced Micro Devices (NASDAQ:AMD) had its price target reduced by Wedbush from $150.00 to $115.00 in a research note published on Wednesday morning,Benzinga reports. Wedbush currently has an outperform rating on the semiconductor manufacturer’s stock. Wedbush also issued estimates for Advanced Micro Devices’ Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.93 EPS, Q4 2025 earnings at $1.12 EPS, FY2025 earnings at $3.64 EPS and FY2026 earnings at $5.48 EPS.

Other analysts have also issued research reports about the stock. DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research report on Friday, February 7th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Wells Fargo & Company reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Barclays decreased their price objective on Advanced Micro Devices from $140.00 to $110.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.57.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $96.64 on Wednesday. Advanced Micro Devices has a 12-month low of $76.48 and a 12-month high of $187.28. The stock has a 50-day simple moving average of $98.72 and a 200 day simple moving average of $120.90. The stock has a market capitalization of $156.20 billion, a price-to-earnings ratio of 97.62, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts anticipate that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $65,897,000. Enzi Wealth purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $569,000. Welch Group LLC raised its position in shares of Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock valued at $6,179,000 after purchasing an additional 2,981 shares during the last quarter. Stonegate Investment Group LLC increased its stake in Advanced Micro Devices by 39.5% during the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock valued at $61,896,000 after purchasing an additional 145,067 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Advanced Micro Devices by 19.8% in the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer’s stock worth $212,943,000 after buying an additional 289,110 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.