Advanced Micro Devices (NASDAQ:AMD) Shares Climb 1.8% – Here’s Why

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 1.8% during trading on Monday. The company traded as high as $554.41 and last traded at $538.05. 20,100,671 shares traded hands during trading, a decline of 38% from the average daily volume of 32,165,760 shares. The stock had previously closed at $528.75.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Analyst sees significant upside: TD Cowen reiterated a Buy rating and a $675 price target, citing the potential for agentic AI demand to increase AMD’s CPU sales by approximately 70% next year. Why AMD Stock Popped on Monday
• Positive Sentiment: Improving earnings outlook: AMD is expected to report roughly $13 billion in third-quarter revenue, representing about 41% year-over-year growth. The company has exceeded the high end of its own revenue guidance in each of the past two quarters, supporting optimism ahead of the November 3 report. AMD Stock Is Up Over 140% This Year
• Positive Sentiment: AI and data-center positioning: Articles highlight AMD’s accelerator opportunity, high-precision computing chips used in research and defense, and continued exposure to data-center, PC, gaming and console markets. This diversification could make AMD less vulnerable than more data-center-concentrated competitors during an AI spending slowdown. Nvidia vs. AMD: Which Business Is More Exposed to a Data-Center Slowdown?
• Neutral Sentiment: Broad market support: AMD’s rebound occurred alongside gains in Intel, Nvidia and other semiconductor stocks, suggesting that sector-wide risk appetite—not only company-specific news—was a major factor.
• Negative Sentiment: Valuation and fund-flow concerns: With AMD trading at a very high earnings multiple after substantial 2026 gains, one analyst downgraded the stock and ETFs were reported as net sellers. Commentary also warns that an AI spending slowdown could pressure margins and cash-flow expectations. AMD Downgrade

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMD. Melius Research set a $660.00 target price on shares of Advanced Micro Devices in a research report on Friday, July 24th. Raymond James Financial raised shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $565.00 to $641.00 in a research note on Tuesday, August 25th. Wedbush restated an “outperform” rating and issued a $600.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Roth Capital raised their price objective on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, The Goldman Sachs Group boosted their target price on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $603.51.

Advanced Micro Devices Stock Up 1.8%

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The stock has a market capitalization of $878.35 billion, a PE ratio of 138.32, a PEG ratio of 5.43 and a beta of 2.45. The company has a 50 day moving average price of $537.02 and a 200-day moving average price of $474.16.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 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 12.30%. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. During the same period last year, the company posted $0.48 EPS. The company’s quarterly revenue was up 50.1% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Lisa Su sold 70,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the completion of the transaction, the chief executive officer owned 3,032,156 shares of the company’s stock, valued at approximately $1,536,696,660.80. This represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the transaction, the executive vice president owned 353,317 shares of the company’s stock, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 231,100 shares of company stock worth $114,867,400. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $7,022,226,000. BlackRock Inc. boosted its position in shares of Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares in the last quarter. Jupiter Topco LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $2,084,651,000. Wellington Management Group LLP grew its stake in shares of Advanced Micro Devices by 33.9% in the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after buying an additional 2,365,419 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Advanced Micro Devices by 2.9% in the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after buying an additional 2,149,563 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.