Advanced Micro Devices (AMD) – Research Analysts’ Recent Ratings Updates

Posted by Teresa Graham on Oct 14th, 2024

Advanced Micro Devices (NASDAQ: AMD) has recently received a number of price target changes and ratings updates:

10/11/2024 – Advanced Micro Devices had its price target raised by analysts at Piper Sandler from $175.00 to $200.00. They now have an “overweight” rating on the stock.
10/11/2024 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $200.00 price target on the stock.
10/7/2024 – Advanced Micro Devices had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $180.00 price target on the stock.
10/3/2024 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Bank of America Co.. They now have a $180.00 price target on the stock.
9/16/2024 – Advanced Micro Devices was upgraded by analysts at TD Cowen to a “strong-buy” rating.
8/20/2024 – Advanced Micro Devices is now covered by analysts at Edward Jones. They set a “buy” rating on the stock.
8/19/2024 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at TD Cowen. They now have a $210.00 price target on the stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $2.62 during trading hours on Monday, hitting $165.27. 31,688,231 shares of the stock traded hands, compared to its average volume of 57,934,180. The company has a market cap of $267.13 billion, a price-to-earnings ratio of 243.04, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average price of $151.34 and a 200 day moving average price of $157.42. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently bought and sold shares of the business. Tradewinds Capital Management LLC increased its stake in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares during the period. ZRC Wealth Management LLC grew its stake in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC increased its position in shares of Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the period. Fairway Wealth LLC bought a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $27,000. Finally, Northwest Bank & Trust Co purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Institutional investors own 71.34% of the company’s stock.

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.