Advanced Micro Devices (NASDAQ:AMD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Advanced Micro Devices (NASDAQ:AMD) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $385.00 to $550.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor manufacturer’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 12.41% from the stock’s current price.

Several other research analysts have also commented on the stock. BTIG Research raised shares of Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Rosenblatt Securities increased their price objective on shares of Advanced Micro Devices from $665.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday. Northland Securities reissued a “market perform” rating and issued a $260.00 target price on shares of Advanced Micro Devices in a report on Monday, April 27th. Wells Fargo & Company lifted their target price on Advanced Micro Devices from $615.00 to $700.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Wolfe Research set a $450.00 target price on Advanced Micro Devices and gave the company an “outperform” rating in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $546.87.

Advanced Micro Devices Trading Up 1.5%

AMD opened at $489.28 on Wednesday. Advanced Micro Devices has a 12-month low of $149.22 and a 12-month high of $584.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.96. The stock has a market capitalization of $797.82 billion, a PE ratio of 125.78 and a beta of 2.48. The firm’s fifty day moving average price is $515.22 and its 200 day moving average price is $358.23.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. As a group, research analysts expect that Advanced Micro Devices will post 6.34 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at $140,000,947.80. This represents a 5.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the sale, the director owned 87,173 shares in the company, valued at approximately $45,504,306. This represents a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 285,934 shares of company stock valued at $130,353,006. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Joseph Group Capital Management bought a new position in Advanced Micro Devices in the 4th quarter valued at about $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 shares of Advanced Micro Devices in the 4th quarter worth approximately $27,000. Basepoint Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $30,000. Finally, Graney & King LLC bought a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $31,000. 71.34% of the stock is currently owned by institutional investors.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD agreed to acquire Taalas for an undisclosed amount. Taalas develops specialized silicon that hardwires AI models into chips, potentially reducing computing and memory bottlenecks and improving inference speed and efficiency. AMD plans to combine the technology with its Instinct GPUs to offer broader, system-level AI solutions. AMD deepens AI inference bet with Taalas deal as chip race heats up
• Positive Sentiment: Analyst sentiment remains broadly constructive after AMD’s strong quarter. Wedbush reiterated an Outperform rating with a $600 price target, while Cantor Fitzgerald maintained Overweight with a $700 target. These targets imply substantial upside from the reference price. Advanced Micro Devices Earns Outperform Rating from Wedbush
• Positive Sentiment: AMD’s second-quarter results showed strong underlying demand: revenue increased 50% year over year to $11.54 billion, EPS reached $1.66 versus a $1.62 consensus estimate, and data-center sales more than doubled to approximately $6.7 billion. Management also expects data-center revenue to accelerate later this year and more than double in 2027. AMD Q2 Earnings Beat Estimates, Strong Data Center Aids Revenue Growth
• Neutral Sentiment: RBC Capital kept a Sector Perform rating and a $540 price target, indicating that analysts see meaningful potential but remain cautious about AMD’s valuation and execution relative to Nvidia. Royal Bank of Canada Reiterates Sector Perform Rating for AMD
• Negative Sentiment: The recent earnings reaction highlighted a high expectations problem. Despite beating estimates and issuing solid guidance, investors questioned whether growth, margins and AI market-share gains were strong enough to justify AMD’s elevated valuation. Elon Musk’s statement that SpaceX would use Nvidia chips exclusively also reinforced concerns about AMD’s ability to challenge Nvidia. 3 reasons AMD’s stock is falling in the face of its latest earnings report

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.