<div id="readability-page-1"><p>Advanced Micro Devices (NASDAQ:AMD - Get Free Report) declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 14th, RTT News reports. The company plans to repurchase $6.00 billion in  outstanding  shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its stock  through open market purchases. Stock  repurchase plans are often an indication that the company's board believes its stock is undervalued.</p><div><p><span></span><span>Get <strong>Advanced Micro Devices</strong> alerts:</span></p></div><h2>Wall Street Analyst Weigh In</h2><ul><li>SMCI Stock Rally: 45% Gain in 2 Days Could Be Just the Start</li></ul><p>A number of equities research analysts have commented on AMD shares. Melius lowered Advanced Micro Devices from a &#34;buy&#34; rating to a &#34;hold&#34; rating and reduced their price target for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Seaport Res Ptn raised Advanced Micro Devices to a &#34;strong-buy&#34; rating in a research note on Wednesday, April 30th. Cantor Fitzgerald  reaffirmed an &#34;overweight&#34; rating and set a $120.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Barclays decreased their price target on Advanced Micro Devices from $140.00 to $110.00 and set an &#34;overweight&#34; rating for the company in a research report on Tuesday, April 22nd. Finally, Susquehanna decreased their price target on Advanced Micro Devices from $150.00 to $135.00 and set a &#34;positive&#34; rating for the company in a research report on Thursday, April 24th. One analyst  has rated the stock with a sell rating, thirteen have issued  a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company  has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $131.45.</p><p><b>Check Out Our Latest Research Report on AMD</b></p><h2>Advanced Micro Devices Stock Performance</h2><ul><li>AMD’s AI-Powered Stock Price Rally Just Shifted Gears</li></ul><p>Shares of NASDAQ AMD traded up $5.26 during midday trading on Wednesday, hitting $117.72. 86,490,333 shares of the stock traded hands, compared to its average volume of 42,912,874. The firm has a 50-day moving average of $97.81 and a two-hundred day moving average of $115.78. The firm has a market capitalization of $190.87 billion, a P/E ratio of 118.91, a PEG ratio of 1.11 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices has a one year low of $76.48 and a one year high of $187.28. </p><p>Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same period last year, the firm earned $0.62 EPS. Advanced Micro Devices's revenue for the quarter was up 35.9% compared to the same quarter last year.  On average, equities analysts forecast that  Advanced Micro Devices will post 3.87 EPS for the current fiscal year. </p><h2>Insiders Place Their Bets</h2><ul><li>Qualcomm Is 5x Cheaper Than AMD, But Won’t Be for Long</li></ul><p>In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by company insiders. </p><h2>About Advanced Micro Devices</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Advanced Micro Devices</li><li>Business Services Stocks Investing</li><li>SMCI Stock Rally: 45% Gain in 2 Days Could Be Just the Start</li><li>What is the Dow Jones Industrial Average (DJIA)?</li><li>AMD’s AI-Powered Stock Price Rally Just Shifted Gears</li><li>2 Rising CRM Platform Stocks That Can Surge Higher in 2025 </li><li>5 Hot Small-Cap Insiders Bought at the Peak of Tariff Fears</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Advanced Micro Devices Right Now?</h2><p>Before you consider Advanced Micro Devices, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Advanced Micro Devices wasn't on the list.</p><p>While Advanced Micro Devices currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Advanced Micro Devices (NASDAQ:AMD) has announced a $6.00 billion stock buyback program, allowing the company to repurchase up to 3.1% of its shares. This decision, made by the board on May 14th, suggests management believes the stock is undervalued. Recent analyst ratings show a mix of opinions, with a consensus rating of "Moderate Buy" and a price target of $131.45. AMD's stock performance has been strong, with shares trading at $117.72, reflecting a significant increase in revenue and earnings compared to the previous year.</p>

- Advanced Micro Devices (AMD) announced a $6 billion stock buyback plan, allowing the repurchase of up to 3.1% of its shares, indicating the board's belief in the stock's undervaluation.  
- The company reported a quarterly EPS of $0.96, exceeding estimates, with revenue of $7.44 billion, a 35.9% increase year-over-year.  
- Analysts have mixed ratings on AMD, with a consensus rating of "Moderate Buy" and a price target of $131.45, reflecting varied outlooks on the stock's future performance.

Advanced Micro Devices (NASDAQ:AMD) to Buyback $6.00 billion in Stock