Royal Bank Of Canada Upgrades Advanced Micro Devices (NASDAQ:AMD) to Hold

Advanced Micro Devices (NASDAQ:AMD) was upgraded by Royal Bank Of Canada to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on AMD. Dbs Bank raised shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. Cowen reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Tuesday, December 2nd. Melius Research set a $380.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Robert W. Baird set a $300.00 target price on Advanced Micro Devices in a research note on Wednesday, November 5th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $260.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $276.16.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $3.30 during trading hours on Wednesday, reaching $231.22. The company’s stock had a trading volume of 6,626,692 shares, compared to its average volume of 33,779,961. The company’s 50-day moving average is $218.86 and its two-hundred day moving average is $194.06. Advanced Micro Devices has a 1-year low of $76.48 and a 1-year high of $267.08. The firm has a market capitalization of $376.43 billion, a price-to-earnings ratio of 114.40, a P/E/G ratio of 0.95 and a beta of 1.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $9.25 billion during the quarter, compared to analysts’ expectations of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. On average, equities analysts predict that Advanced Micro Devices will post 3.87 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the completion of the sale, the executive vice president directly owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at $411,686,940.60. This trade represents a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 161,558 shares of company stock worth $35,461,719. 0.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of AMD. Vanguard Group Inc. boosted its holdings in Advanced Micro Devices by 0.9% during the third quarter. Vanguard Group Inc. now owns 155,997,751 shares of the semiconductor manufacturer’s stock worth $25,238,876,000 after buying an additional 1,348,892 shares in the last quarter. State Street Corp grew its holdings in shares of Advanced Micro Devices by 2.4% during the third quarter. State Street Corp now owns 73,824,441 shares of the semiconductor manufacturer’s stock valued at $11,944,056,000 after buying an additional 1,755,182 shares in the last quarter. Geode Capital Management LLC lifted its stake in Advanced Micro Devices by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer’s stock worth $5,181,556,000 after acquiring an additional 514,445 shares in the last quarter. Norges Bank acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $3,094,662,000. Finally, Amundi raised its stake in shares of Advanced Micro Devices by 17.5% in the 3rd quarter. Amundi now owns 13,486,227 shares of the semiconductor manufacturer’s stock valued at $2,181,937,000 after acquiring an additional 2,012,865 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Trending Headlines about Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Wells Fargo gave a bullish call naming AMD a top pick, and a Wells Fargo–led upgrade alongside strong TSMC results helped spark a sharp rally and analyst optimism about AI-driven demand. AMD stock soaring over 6% today: why analyst sees over 40% upside ahead
• Positive Sentiment: Taiwan Semiconductor’s blowout quarter lifted the whole chip complex — investors interpret TSMC’s strength as confirmation of sustained AI/ datacenter spending that benefits AMD’s roadmap and sales. Chip stocks pop after TSMC’s earnings beat boosts confidence
• Positive Sentiment: Operational demand signals: reports say AMD is nearly sold out of CPUs for 2026 and management expects strong multi‑year revenue growth, supporting bullish outlooks for product cycles and gross margins. AMD Is Almost Sold Out of CPUs for 2026. Does That Make AMD Stock a Buy Now?
• Positive Sentiment: Investor narratives around AI demand strengthened after pieces highlighting AMD’s OpenAI-related traction and conviction-style analyses that see AMD as a meaningful beneficiary of AI inference and training spend. AMD’s OpenAI Signal Is The Demand Catalyst Investors Wanted
• Neutral Sentiment: Royal Bank of Canada moved AMD to a “hold” rating (an in-range change rather than a bearish call), a minor catalyst compared with the larger bullish analyst actions. Zacks.com Tickerreport.com
• Neutral Sentiment: Wall Street is publishing divergent 12‑month price targets for Nvidia and AMD; these comparisons are context-setting rather than immediate drivers. Wall Street sets Nvidia and AMD price targets for next 12 months
• Negative Sentiment: The White House announced a 25% tariff on select high‑end AI chips bound for China (covers chips like AMD’s MI325X), creating near‑term revenue and margin uncertainty for China exports and potential customer re-routing. Trump Targets Taiwan, China Supply Chains: President Slaps 25% Tariffs On Nvidia, AMD AI Chips Under National Security Order
• Negative Sentiment: Specific tariff coverage and lists hit server/AI accelerator SKUs (e.g., MI325X), and several articles note tariff risk could blunt near‑term China demand and complicate supply‑chain dynamics. Nvidia H200 and AMD MI325X Got Hit With New Tariffs
• Negative Sentiment: Some product/benchmark noise and a lukewarm CES reaction (and a recent slip after Ryzen AI MAX+ benchmark reports) have pressured sentiment in short windows, adding volatility risk. AMD Stock Slips Despite New Ryzen AI MAX+ 392 Benchmark Data

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.