Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been given a consensus recommendation of “Moderate Buy” by the forty-four brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $430.6757.

Several research analysts have recently weighed in on the stock. Needham & Company LLC raised shares of Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Stifel Nicolaus boosted their price objective on shares of Advanced Micro Devices from $320.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Zacks Research cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Wedbush boosted their target price on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Finally, Oppenheimer lowered shares of Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a research report on Wednesday, May 6th.

Advanced Micro Devices Stock Up 0.4%

AMD opened at $539.33 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $417.16 and a 200-day moving average price of $285.22. Advanced Micro Devices has a twelve month low of $126.82 and a twelve month high of $558.37. The stock has a market capitalization of $879.43 billion, a price-to-earnings ratio of 176.83, a PEG ratio of 1.57 and a beta of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The firm’s quarterly revenue was up 37.8% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices will post 6.15 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, Director Nora Denzel sold 8,626 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the sale, the director directly owned 87,173 shares in the company, valued at approximately $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 24,376 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at $46,759,604.58. This trade represents a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 378,032 shares of company stock valued at $161,876,596 in the last three months. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Large investors have recently added to or reduced their stakes in the business. Joseph Group Capital Management bought a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Sarver Vrooman Wealth Advisors bought a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $27,000. Cornerstone Financial Management LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $30,000. Finally, Graney & King LLC bought a new position in shares of Advanced Micro Devices in the first quarter worth approximately $31,000. 71.34% of the stock is currently owned by institutional investors.

Key Advanced Micro Devices News

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

• Positive Sentiment: Bernstein raised its price target on AMD to $600, citing strong AI infrastructure demand and improving server-market conditions, reinforcing the bullish case for the stock. Why Is AMD Stock Gaining Thursday?
• Positive Sentiment: AMD and Rackspace signed a definitive agreement to deploy 30 MW of AMD-based AI compute across Rackspace’s data centers, a win that could expand AMD’s presence in regulated enterprise cloud workloads. Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom (AMD)
• Positive Sentiment: AMD’s acquisition of MEXT is being viewed as strategically important because it could help address AI data-center memory bottlenecks and strengthen the company’s AI stack. AMD (AMD) Buys MEXT To Tackle AI Data Center Memory Bottlenecks
• Neutral Sentiment: Several analyst and investor articles continue to highlight AMD’s strong year-to-date rally, but also warn that the stock is trading near all-time highs and may be fully valued, which could temper upside near term. Buy, Hold, or Sell: AMD Rested Near All-Time Highs as Kevin Warsh Opened His First Fed Meeting. Is AMD Stock a Buy at $507?
• Neutral Sentiment: Market commentary from today also points to AMD as a preferred semiconductor alternative versus Intel, but the note is more about sector positioning than a direct company-specific catalyst. Analyst Warns Intel Valuation ‘Doesn’t Make Sense.’ Suggests NVIDIA, AMD, Micron, and Broadcom as Alternatives.
• Negative Sentiment: Some recent coverage warns AMD has likely risen too far, too fast, which could invite profit-taking if investors become more cautious about valuation. One Warning Signal AMD Investors Can’t Miss

Advanced Micro Devices Company Profile

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.