Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.5% on Analyst Upgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 1.5% during trading on Thursday after Argus raised their price target on the stock from $450.00 to $625.00. Argus currently has a buy rating on the stock. Advanced Micro Devices traded as high as $496.72 and last traded at $489.28. 24,176,144 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 36,229,359 shares. The stock had previously closed at $482.05.

AMD has been the topic of a number of other reports. The Goldman Sachs Group boosted their price target on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Zacks Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Monday. Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the stock an “overweight” rating in a research report on Wednesday. Truist Financial upped their target price on Advanced Micro Devices from $478.00 to $594.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $260.00 price objective on shares of Advanced Micro Devices in a research note on Monday, April 27th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $542.53.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,487 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 310,310 shares of company stock valued at $141,185,456. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Analysts continue to raise their expectations. Rosenblatt lifted its price target to $700 and maintained a Buy rating, while Jefferies and Truist also raised targets despite the initial earnings reaction. Advanced Micro Devices Stock is Rising: What’s Happening?
• Positive Sentiment: AMD reported record second-quarter revenue of $11.54 billion, up 50% year over year, and adjusted EPS of $1.66, exceeding consensus estimates. Data Center revenue more than doubled to approximately $6.7 billion, supporting the bullish view that AI demand is expanding beyond GPUs into server CPUs and broader infrastructure. AMD Q2 Earnings Beat Estimates, Strong Data Center Aids Revenue Growth
• Positive Sentiment: Management’s outlook remains ambitious: third-quarter revenue guidance of $12.7 billion to $13.3 billion exceeded Wall Street’s estimate, while AMD expects Data Center revenue to more than double in 2027 as its Helios AI platform ramps. Discussions about longer-term China supply agreements could provide an additional opportunity, although regulatory uncertainty remains. AI Workloads Drive CPU Demand as AMD Discusses Longer-Term China Deals
• Neutral Sentiment: Wall Street’s conviction in AMD’s AI strategy has largely held, with several firms maintaining Buy or Outperform ratings. However, the stock’s valuation and high beta leave it particularly sensitive to changes in growth expectations. AMD’s Selloff Is Not Shaking Wall Street’s AI Conviction
• Negative Sentiment: The earnings selloff reflected an exceptionally high bar: investors wanted faster AI growth, stronger margins and clearer evidence that AMD can take share from Nvidia. The company’s higher capital spending also raised concerns about near-term profitability and execution. AMD’s Beat-and-Raise Q2 Earnings Shows Just How High the AI Bar Is
• Negative Sentiment: Competitive and market risks remain. Elon Musk’s indication that SpaceX will use Nvidia chips exclusively weighed on AMD’s AI narrative, while a weaker SanDisk outlook pressured semiconductor shares more broadly. Short volume also reached a two-week high, signaling that some traders expect continued volatility. Sell alert? AMD stock short volume hits 2-week high amid earnings drop

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors have recently added to or reduced their stakes in the stock. Joseph Group Capital Management acquired a new position in Advanced Micro Devices during the fourth quarter worth $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $27,000. Sarver Vrooman Wealth Advisors acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $30,000. Finally, Graney & King LLC acquired a new position in shares of Advanced Micro Devices during the 1st quarter worth approximately $31,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Trading Up 1.5%

The firm has a market capitalization of $797.82 billion, a P/E ratio of 125.78 and a beta of 2.48. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $515.79 and a 200-day moving average of $356.42.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.52%. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter last year, the business posted $0.48 EPS. The firm’s revenue for the quarter was up 50.1% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.27 earnings per share for the current fiscal year.

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.