Advanced Micro Devices (NASDAQ:AMD) Receives “Buy” Rating from Bank of America

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “buy” rating reaffirmed by stock analysts at Bank of America in a report issued on Wednesday,Benzinga reports. They presently have a $300.00 price objective on the semiconductor manufacturer’s stock. Bank of America‘s target price indicates a potential upside of 26.31% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on AMD. Wolfe Research set a $300.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Melius Research set a $300.00 price target on Advanced Micro Devices in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft set a $235.00 target price on shares of Advanced Micro Devices and gave the company a “hold” rating in a report on Tuesday, October 14th. Evercore ISI boosted their price objective on Advanced Micro Devices from $270.00 to $283.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, CICC Research upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price target on the stock in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.20.

Advanced Micro Devices Price Performance

AMD stock opened at $237.52 on Wednesday. Advanced Micro Devices has a 52-week low of $76.48 and a 52-week high of $267.08. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock has a market cap of $386.69 billion, a price-to-earnings ratio of 136.51, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93. The business has a fifty day moving average of $202.47 and a two-hundred day moving average of $161.38.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $9.25 billion during the quarter, compared to analysts’ expectations of $8.76 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company’s revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS. Advanced Micro Devices has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Advanced Micro Devices will post 3.87 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other news, SVP Ava Hahn sold 2,868 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the sale, the senior vice president owned 9,033 shares in the company, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the sale, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. This represents a 5.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 264,118 shares of company stock worth $44,448,619. Company insiders own 0.06% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently added to or reduced their stakes in AMD. Brighton Jones LLC grew its position in shares of Advanced Micro Devices by 178.2% during 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 during the last quarter. Revolve Wealth Partners LLC raised its holdings in Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after buying an additional 234 shares during the period. Stephens Inc. AR grew its holdings in shares of Advanced Micro Devices by 10.0% during the first quarter. Stephens Inc. AR now owns 30,148 shares of the semiconductor manufacturer’s stock valued at $3,097,000 after buying an additional 2,733 shares in the last quarter. Bridgewater Advisors Inc. purchased a new stake in Advanced Micro Devices in the 1st quarter worth approximately $586,000. Finally, Bryn Mawr Capital Management LLC raised its stake in shares of Advanced Micro Devices by 38.3% during the 1st quarter. Bryn Mawr Capital Management LLC now owns 7,172 shares of the semiconductor manufacturer’s stock worth $737,000 after purchasing an additional 1,988 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

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.