Recent Analysts’ Ratings Updates for Advanced Micro Devices (AMD)

A number of research firms have changed their ratings and price targets for Advanced Micro Devices (NASDAQ: AMD):

• 10/31/2024 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $200.00 price target on the stock.
• 10/30/2024 – Advanced Micro Devices had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $180.00 price target on the stock.
• 10/30/2024 – Advanced Micro Devices had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $180.00 price target on the stock, down previously from $200.00.
• 10/30/2024 – Advanced Micro Devices had its price target lowered by analysts at Barclays PLC from $180.00 to $170.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – Advanced Micro Devices had its price target raised by analysts at Evercore ISI from $193.00 to $198.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – Advanced Micro Devices had its price target lowered by analysts at Morgan Stanley from $178.00 to $169.00. They now have an “equal weight” rating on the stock.
• 10/30/2024 – Advanced Micro Devices had its price target lowered by analysts at Citigroup Inc. from $210.00 to $200.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Advanced Micro Devices had its price target lowered by analysts at UBS Group AG from $210.00 to $205.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Advanced Micro Devices had its price target lowered by analysts at TD Cowen from $210.00 to $185.00. They now have a “buy” rating on the stock.
• 10/28/2024 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $250.00 price target on the stock.
• 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.

Advanced Micro Devices Price Performance

Shares of AMD opened at $141.86 on Monday. The company’s fifty day simple moving average is $154.75 and its 200 day simple moving average is $155.77. Advanced Micro Devices, Inc. has a 1-year low of $105.91 and a 1-year high of $227.30. The company has a market cap of $230.21 billion, a price-to-earnings ratio of 127.80, a PEG ratio of 1.98 and a beta of 1.71. The company has a current ratio of 2.50, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Capital Management Investments LLC grew its stake in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares during the last quarter. ZRC Wealth Management LLC increased its holdings 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 purchasing an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC boosted its stake 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 valued at $27,000 after purchasing an additional 85 shares in the last quarter. Fairway Wealth LLC acquired a new position in Advanced Micro Devices in the second quarter valued at $27,000. Finally, Semmax Financial Advisors Inc. grew its holdings in Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

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.