KeyCorp Boosts Earnings Estimates for Advanced Micro Devices

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Stock analysts at KeyCorp upped their Q3 2026 earnings estimates for Advanced Micro Devices in a research report issued on Wednesday, October 14th. KeyCorp analyst J. Vinh now forecasts that the semiconductor manufacturer will post earnings of $1.84 per share for the quarter, up from their prior forecast of $1.64. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $6.49 per share. KeyCorp also issued estimates for Advanced Micro Devices’ Q4 2026 earnings at $2.80 EPS, FY2026 earnings at $7.15 EPS, Q1 2027 earnings at $3.55 EPS, Q2 2027 earnings at $4.21 EPS, Q3 2027 earnings at $5.17 EPS, Q4 2027 earnings at $6.27 EPS and FY2027 earnings at $19.17 EPS.

AMD has been the subject of a number of other research reports. DA Davidson lifted their price objective on shares of Advanced Micro Devices from $425.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Cantor Fitzgerald reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Monday, October 5th. The Goldman Sachs Group raised their target price on Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Argus lifted their price target on Advanced Micro Devices from $450.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, TD Cowen restated a “buy” rating on shares of Advanced Micro Devices in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $603.51.

Advanced Micro Devices Stock Up 1.8%

AMD stock opened at $538.05 on Monday. The firm has a market cap of $878.35 billion, a PE ratio of 111.08, a P/E/G ratio of 5.43 and a beta of 2.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The firm’s fifty day moving average is $538.39 and its 200 day moving average is $476.52. Advanced Micro Devices has a one year low of $188.22 and a one year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results 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. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same period last year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was up 50.1% compared to the same quarter last year.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds have recently made changes to their positions in the company. CWA Asset Management Group LLC boosted its position in Advanced Micro Devices by 2.3% during the 3rd quarter. CWA Asset Management Group LLC now owns 13,860 shares of the semiconductor manufacturer’s stock worth $8,479,000 after acquiring an additional 307 shares during the period. CFS Investment Advisory Services LLC increased its holdings in shares of Advanced Micro Devices by 52.7% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 2,003 shares of the semiconductor manufacturer’s stock valued at $1,301,000 after purchasing an additional 691 shares during the period. Smithbridge Asset Management Inc. DE increased its holdings in shares of Advanced Micro Devices by 9.5% in the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 12,628 shares of the semiconductor manufacturer’s stock valued at $7,725,000 after purchasing an additional 1,099 shares during the period. Retirement Planning Group LLC lifted its position in shares of Advanced Micro Devices by 4.6% in the third quarter. Retirement Planning Group LLC now owns 3,639 shares of the semiconductor manufacturer’s stock worth $2,226,000 after purchasing an additional 160 shares in the last quarter. Finally, Worth Financial Advisory Group LLC lifted its position in shares of Advanced Micro Devices by 30.1% in the third quarter. Worth Financial Advisory Group LLC now owns 865 shares of the semiconductor manufacturer’s stock worth $529,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the sale, the executive vice president owned 160,979 shares of the company’s stock, valued at $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the transaction, the senior vice president owned 26,623 shares of the company’s stock, valued at approximately $13,010,393.87. This trade represents a 10.11% 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 231,100 shares of company stock valued at $114,867,400. Corporate insiders own 0.50% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Analyst bullishness and AI opportunity: TD Cowen reiterated a Buy rating and a $675 price target, citing potential growth in agentic AI that could lift AMD’s CPU sales by roughly 70% next year. Why AMD Stock Popped on Monday
• Positive Sentiment: Strong earnings expectations: AMD is expected to report third-quarter revenue of approximately $13 billion, 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 expected November 3 report. AMD Stock Is Up Over 140% This Year
• Positive Sentiment: Sector-wide recovery: AMD benefited from dip-buying after an eight-session semiconductor selloff, with falling oil prices and a broader rebound in technology shares adding support. Institutional positioning in leveraged semiconductor funds also suggests some investors view the pullback as temporary. Why Are Intel and AMD Stocks Rising on Monday?
• Positive Sentiment: Long-term growth case: Coverage continues to highlight AMD’s exposure to data-center infrastructure, AI accelerators, PCs and gaming. AMD is also viewed as more diversified than Nvidia, potentially providing some resilience if data-center spending slows. Nvidia vs. AMD: Which Business Is More Exposed to a Data-Center Slowdown?
• Neutral Sentiment: Insider transaction: Executive Vice President Forrest Norrod sold 17,262 shares worth approximately $9.3 million under a pre-arranged Rule 10b5-1 plan. He still retained 353,317 shares, making the transaction a limited sentiment signal rather than a clear change in company outlook.
• Negative Sentiment: Valuation and profit sensitivity: A Seeking Alpha analysis downgraded AMD, arguing that the stock no longer merits an “underdog” valuation after its substantial rally. With a reported P/E ratio above 138, further gains depend on rapid execution and earnings growth. AMD Downgrade Analysis
• Negative Sentiment: Trading pressure and AI-cycle risks: ETFs were net sellers of AMD shares, while analysts have warned that leveraged AI financing, margin compression and delayed data-center projects could amplify volatility if AI spending weakens.

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.