Advanced Micro Devices (NASDAQ:AMD) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

AMD has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price target on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. TD Cowen increased their price objective on Advanced Micro Devices from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Monday, July 13th. DA Davidson lifted their price objective on Advanced Micro Devices from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Bank of America boosted their target price on shares of Advanced Micro Devices from $550.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $532.19.

Advanced Micro Devices Trading Up 7.0%

Shares of AMD opened at $518.58 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The firm has a 50 day simple moving average of $516.06 and a 200-day simple moving average of $354.63. Advanced Micro Devices has a 1-year low of $149.22 and a 1-year high of $584.73. The stock has a market cap of $845.60 billion, a price-to-earnings ratio of 170.03 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the prior year, the company earned $0.48 EPS. Advanced Micro Devices’s revenue was up 50.1% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices will post 6.27 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 6,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the sale, the executive vice president owned 1,233,687 shares in the company, valued at $661,663,348.71. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the sale, the executive vice president directly owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 310,310 shares of company stock valued at $141,185,456. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Southpoint Capital Advisors LP boosted its position in Advanced Micro Devices by 50.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock worth $183,087,000 after purchasing an additional 300,000 shares during the period. Jefferies Financial Group Inc. increased its holdings in Advanced Micro Devices by 6,228.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock valued at $65,966,000 after purchasing an additional 303,154 shares in the last quarter. Boomfish Wealth Group LLC purchased a new position in Advanced Micro Devices in the first quarter valued at about $1,193,000. Dimensional Fund Advisors LP raised its position in Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after purchasing an additional 291,165 shares during the period. Finally, Williamson Legacy Group LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $1,118,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD reported record second-quarter revenue of $11.54 billion, up 50.1% year over year, while adjusted EPS of $1.66 exceeded consensus. Data-center revenue reportedly more than doubled to approximately $6.7 billion, underscoring strong demand for EPYC processors and Instinct AI accelerators. AMD’s revenue climbs 50% and data center sales doubled, but the stock is down
• Positive Sentiment: Management guided for third-quarter revenue of roughly $12.7 billion to $13.3 billion, above the approximately $12.4 billion analyst consensus. CEO Lisa Su also said unexpected server CPU demand is pressuring supply but expects conditions and growth to improve in 2027. AMD forecasts upbeat revenue on AI data-center demand
• Positive Sentiment: AMD said Meta, OpenAI and Anthropic are helping optimize AI models for its platform, potentially strengthening the ROCm software ecosystem and adoption of AMD accelerators. Dell also selected AMD Instinct MI355X GPUs for a new AI and high-performance-computing platform. AMD CEO says major AI companies are improving its ecosystem
• Neutral Sentiment: William Blair maintained a Hold rating, saying modest guidance upside and AI-driven growth potential are balanced by competitive pressure and uncertainty around the pace of the Helios rack-scale platform ramp. Analyst maintains Hold on AMD
• Negative Sentiment: Investors viewed the earnings and forecast as only modestly ahead of expectations, seeking clearer evidence that the multibillion-dollar AI spending boom will translate into faster growth and a larger Helios opportunity. AMD’s high valuation leaves limited room for disappointment. AMD falls as investors seek bigger AI payoff
• Negative Sentiment: SpaceX said it would exclusively use Nvidia AI chips, providing a high-profile competitive endorsement for Nvidia and weighing on AMD and other semiconductor stocks. AMD, Nvidia, Intel and other stocks that explain today’s market

Advanced Micro Devices Company Profile

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.