Advanced Micro Devices (NASDAQ:AMD) Given New $705.00 Price Target at Mizuho

Advanced Micro Devices (NASDAQ:AMD) had its price objective lifted by Mizuho from $580.00 to $705.00 in a report released on Tuesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the semiconductor manufacturer’s stock.

Other analysts have also recently issued reports about the company. Wells Fargo & Company upped their target price on Advanced Micro Devices from $615.00 to $700.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Rosenblatt Securities reissued a “buy” rating and issued a $700.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, September 29th. TD Cowen reissued a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, BMO Capital Markets began coverage on shares of Advanced Micro Devices in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $576.88.

Advanced Micro Devices Price Performance

AMD stock opened at $649.42 on Tuesday. The firm has a 50-day moving average of $519.28 and a 200 day moving average of $452.34. 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 company has a market cap of $1.06 trillion, a P/E ratio of 166.95, a PEG ratio of 6.55 and a beta of 2.45. Advanced Micro Devices has a 1 year low of $188.22 and a 1 year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. On average, sell-side analysts forecast that Advanced Micro Devices will post 6.43 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the transaction, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. The trade was a 2.23% 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. In the last 90 days, insiders sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. RVW Wealth LLC lifted its holdings in Advanced Micro Devices by 20.4% during the 3rd quarter. RVW Wealth LLC now owns 543 shares of the semiconductor manufacturer’s stock worth $332,000 after buying an additional 92 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in Advanced Micro Devices by 44.6% in the third quarter. Central Pacific Bank Trust Division now owns 15,328 shares of the semiconductor manufacturer’s stock valued at $9,377,000 after purchasing an additional 4,727 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in Advanced Micro Devices by 2.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,253 shares of the semiconductor manufacturer’s stock valued at $1,378,000 after buying an additional 64 shares during the last quarter. Box Hill Private Wealth LLC lifted its stake in shares of Advanced Micro Devices by 2.5% during the third quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer’s stock valued at $486,000 after buying an additional 19 shares during the period. Finally, Park National Corp OH lifted its position in Advanced Micro Devices by 1.9% during the third quarter. Park National Corp OH now owns 2,305 shares of the semiconductor manufacturer’s stock worth $1,410,000 after buying an additional 42 shares during the period. Hedge funds and other institutional investors own 71.34% 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 raised price targets: Citigroup lifted its target to $800 from $575, Mizuho increased its target to $705 from $580, and BNP Paribas raised its target to $960 from $600. The upgrades reflect expectations that agentic AI and expanding computing workloads will boost demand for AMD’s CPUs and data-center products. Citigroup AMD price target article
• Positive Sentiment: AI demand outlook remains strong: CEO Lisa Su said demand for AI chips should remain “very high” for years and that AMD plans to substantially increase supply in 2027. The company is working with suppliers in Taiwan and South Korea to secure additional wafer and memory capacity, which could allow it to capture more data-center and AI-inference sales. Reuters AMD supply article
• Positive Sentiment: Meta’s Muse is viewed as a catalyst: Analysts said Meta’s AI-agent initiative could require substantial computing, memory and networking resources, benefiting AMD as demand expands beyond traditional chatbot infrastructure. Investors are also encouraged by AMD’s rapidly growing data-center business and expectations for continued earnings growth. Investopedia Meta Muse AMD article
• Neutral Sentiment: AMD announced that it will release fiscal third-quarter 2026 results after the market close on November 3, followed by a conference call. The report will be an important test of AI-chip sales, data-center growth, margins and the company’s forward supply outlook. AMD earnings announcement
• Negative Sentiment: Valuation raises execution risk: With AMD valued above $1 trillion and trading at a very high earnings multiple, the stock appears priced for significant AI growth. Any supply constraints, weaker-than-expected earnings or delays in new AI products could trigger volatility. Analysts also noted a wide range of price targets, highlighting disagreement about the sustainability of the rally.

About Advanced Micro Devices

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

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