Wedbush Reaffirms Outperform Rating for Advanced Micro Devices (NASDAQ:AMD)

Wedbush restated their outperform rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research note published on Wednesday, Marketbeat reports. Wedbush currently has a $200.00 price objective on the semiconductor manufacturer’s stock. Wedbush also issued estimates for Advanced Micro Devices’ Q2 2024 earnings at $0.48 EPS, Q3 2024 earnings at $0.78 EPS, Q4 2024 earnings at $1.05 EPS, FY2024 earnings at $2.74 EPS, Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $1.33 EPS, Q3 2025 earnings at $1.62 EPS and Q4 2025 earnings at $1.87 EPS.

AMD has been the subject of a number of other research reports. HSBC upgraded Advanced Micro Devices from a hold rating to a buy rating and increased their target price for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price objective on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. Bank of America boosted their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the company a buy rating in a research note on Monday, January 29th. UBS Group raised their price target on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a buy rating in a research note on Thursday, January 25th. Finally, Northland Securities raised shares of Advanced Micro Devices from a market perform rating to an outperform rating and set a $195.00 price objective on the stock in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $184.24.

Advanced Micro Devices Trading Up 3.0 %

NASDAQ:AMD opened at $150.60 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.86. The business’s 50-day simple moving average is $175.93 and its 200-day simple moving average is $151.50. Advanced Micro Devices has a fifty-two week low of $81.11 and a fifty-two week high of $227.30. The stock has a market capitalization of $243.39 billion, a PE ratio of 221.47, a price-to-earnings-growth ratio of 2.19 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Sell-side analysts expect that Advanced Micro Devices will post 2.64 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 181,850 shares of company stock worth $34,637,833. 0.73% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently bought and sold shares of the business. Csenge Advisory Group grew its position in Advanced Micro Devices by 12.2% during the first quarter. Csenge Advisory Group now owns 8,268 shares of the semiconductor manufacturer’s stock worth $1,492,000 after buying an additional 898 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $64,000. Signaturefd LLC grew its holdings in shares of Advanced Micro Devices by 9.3% during the 1st quarter. Signaturefd LLC now owns 29,643 shares of the semiconductor manufacturer’s stock worth $5,350,000 after purchasing an additional 2,513 shares in the last quarter. CV Advisors LLC increased its position in shares of Advanced Micro Devices by 817.3% in the first quarter. CV Advisors LLC now owns 15,245 shares of the semiconductor manufacturer’s stock worth $2,752,000 after purchasing an additional 13,583 shares during the period. Finally, Catalina Capital Group LLC raised its stake in Advanced Micro Devices by 131.4% in the first quarter. Catalina Capital Group LLC now owns 6,690 shares of the semiconductor manufacturer’s stock valued at $1,207,000 after purchasing an additional 3,799 shares in the last quarter. Institutional investors and hedge funds 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.