Advanced Micro Devices Receives Average Price Target of $184.24 from Analysts

Market Analysts Recommend Moderate Buy for AMD

Advanced Micro Devices, Inc. (NASDAQ:AMD), a leading semiconductor company, has been given an average recommendation of 'Moderate Buy' by the twenty-nine brokerages currently tracking the stock, as reported by Marketbeat.com. With twenty-seven out of the twenty-nine analysts giving a 'buy' rating and only two suggesting a 'hold', the consensus is skewed towards a positive outlook for AMD's stock performance.

Price Targets and Ratings Updates

Analysts have recently set varying price targets for AMD. Raymond James, for example, altered its rating from 'strong-buy' to 'outperform' but increased the stock's price target from $190.00 to $195.00. On a similar note, Bank of America raised its price objective from $165.00 to $195.00, maintaining a 'buy' rating. However, not all reports were bullish as StockNews.com downgraded AMD to a 'sell' rating. Susquehanna adjusted its price target down from $200.00 to $185.00 but retained a 'positive' rating, whereas Piper Sandler reaffirmed an 'overweight' rating with a revised price objective of $175.00, scaled down from $195.00.

Financial Performance and Insider Transactions

AMD's shares began trading at $152.39 on the latest trading day, with the company valuing at a market capitalization of $246.31 billion. it has a P/E ratio of 224.10, a P/E/G ratio of 2.33, and a beta of 1.66. The semiconductor giant has seen various highs and lows, with a 52-week range between $93.11 and $227.30. AMD displayed solid financial results reporting a quarterly EPS of $0.62, slightly surpassing expectations. The company's earnings report also highlighted a 2.2% increase in year-over-year quarterly revenue.

Insider activity has shown both buying and selling. Joseph A. Householder, a company director, sold 6,572 shares at a value exceeding $1.3 million. Meanwhile, CAO Darla M. Smith sold 1,678 shares. Despite these sell-offs, AMD insiders have an ongoing stake in the company's success.

Institutional Investments Ongoing

On the institutional front, movements in AMD ownership reflect confidence and investment changes. Tradewinds Capital Management LLC, for example, doubled its stake, while new positions were established by Peoples Bank KS, Spartan Planning & Wealth Management, and others. Overall, 71.34% of AMD stock is held by institutional investors.

About Advanced Micro Devices

Advanced Micro Devices operates globally, offering a variety of essential semiconductor technologies. Its product range spans from x86 microprocessors to GPUs, data center, and to embedded system solutions, solidifying its stance as a key player in the semiconductor industry.

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