Wells Fargo & Company Increases Advanced Micro Devices (NASDAQ:AMD) Price Target to $300.00
Wells Fargo & Company has raised its price target for Advanced Micro Devices (NASDAQ:AMD) from $275.00 to $300.00, maintaining an "overweight" rating. This suggests a potential upside of 16.05% from the current stock price. Other brokerages have also increased their price targets for AMD, with an average target of $234.68. AMD shares traded down to $258.50, with a market cap of $419.51 billion and a P/E ratio of 148.55. The company reported a revenue increase of 31.7% year-over-year in its last quarterly earnings.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price objective hoisted by investment analysts at Wells Fargo & Company from $275.00 to $300.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the semiconductor manufacturer's stock. Wells Fargo & Company's price objective suggests a potential upside of 16.05% from the stock's current price.
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Several other brokerages have also recently issued reports on AMD. UBS Group increased their price objective on Advanced Micro Devices from $210.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, October 7th. The Goldman Sachs Group increased their price objective on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 8th. Sanford C. Bernstein boosted their price objective on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a research note on Monday, July 21st. Barclays increased their price objective on Advanced Micro Devices from $200.00 to $300.00 and gave the company an "overweight" rating in a report on Monday, October 6th. Finally, TD Cowen upped their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $234.68.
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Advanced Micro Devices Price Performance
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Shares of AMD traded down $5.83 during midday trading on Thursday, hitting $258.50. 17,696,837 shares of the company traded hands, compared to its average volume of 49,638,922. Advanced Micro Devices has a 52 week low of $76.48 and a 52 week high of $267.08. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The firm has a 50 day moving average of $187.57 and a 200-day moving average of $151.00. The stock has a market cap of $419.51 billion, a price-to-earnings ratio of 148.55, a PEG ratio of 2.36 and a beta of 1.90.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts forecast that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.
Insider Buying and Selling
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In related news, SVP Ava Hahn sold 2,868 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the transaction, the senior vice president directly owned 9,033 shares of the company's stock, valued at $2,041,548.33. This represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 274,118 shares of company stock valued at $46,180,719 in the last quarter. Corporate insiders own 0.06% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC lifted its position in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of 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 in the last quarter. Golden State Wealth Management LLC raised its position in shares of Advanced Micro Devices by 7.8% during the 1st quarter. Golden State Wealth Management LLC now owns 8,867 shares of the semiconductor manufacturer's stock worth $911,000 after buying an additional 638 shares in the last quarter. Koshinski Asset Management Inc. raised its position in shares of Advanced Micro Devices by 3.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 4,937 shares of the semiconductor manufacturer's stock worth $507,000 after buying an additional 175 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its position in shares of Advanced Micro Devices by 17.6% during the 1st quarter. Cidel Asset Management Inc. now owns 2,093 shares of the semiconductor manufacturer's stock worth $215,000 after buying an additional 313 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices Company Profile
(Get Free Report)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.
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