William Blair Initiates Coverage on Advanced Micro Devices (NASDAQ:AMD)

Equities researchers at William Blair assumed coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a report issued on Thursday. The brokerage set a “market perform” rating on the semiconductor manufacturer’s stock.

A number of other equities research analysts also recently commented on AMD. Jefferies Financial Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. KeyCorp lifted their price objective on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $360.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. DA Davidson increased their target price on Advanced Micro Devices from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC raised Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $453.92.

Advanced Micro Devices Stock Up 0.3%

Shares of NASDAQ AMD opened at $517.41 on Thursday. The stock has a market cap of $843.69 billion, a P/E ratio of 169.64, a PEG ratio of 1.52 and a beta of 2.47. The business’s fifty day simple moving average is $482.72 and its 200-day simple moving average is $314.89. Advanced Micro Devices has a 12-month low of $137.59 and a 12-month high of $584.73. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same quarter last year, the company earned $0.96 EPS. Advanced Micro Devices’s revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, equities analysts predict that Advanced Micro Devices will post 6.15 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 24,376 shares of Advanced Micro Devices stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares in the company, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 6,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the sale, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at $661,663,348.71. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 374,739 shares of company stock valued at $161,135,671 over the last quarter. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several large investors have recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after buying an additional 234 shares during the last quarter. Sivia Capital Partners LLC increased its position in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after acquiring an additional 2,970 shares during the period. United Bank increased its position in Advanced Micro Devices by 22.0% in the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock valued at $1,881,000 after acquiring an additional 2,392 shares during the period. Finally, Schnieders Capital Management LLC. raised its stake in Advanced Micro Devices by 361.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock valued at $1,310,000 after acquiring an additional 7,228 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Chip stocks, including AMD, are rebounding premarket as investors buy back into AI hardware names after two days of heavy selling. Micron, AMD, Intel surge premarket: why chip stocks are roaring back
• Positive Sentiment: Recent Wall Street target hikes are helping restore sentiment across the chip sector, which may support AMD’s valuation despite its recent volatility. NVDA, AMD, INTC, MU, and Others: Why Chip Stocks Are Rebounding in Pre-Market Today after This Week’s Selloff, 7/9/26
• Positive Sentiment: AMD confirmed it will report fiscal second-quarter 2026 results on August 4, giving investors a near-term catalyst for updated guidance and AI-related commentary. AMD to Report Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: AMD’s collaboration with self-driving startup Turing and its Ryzen AI Halo launch reinforce the company’s push into new AI and edge-computing markets. Advanced Micro Devices (AMD): Top 10 Best Stock to Buy in Glen Kacher’s Portfolio

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.