Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $700.00

Advanced Micro Devices (NASDAQ:AMD) had its price target upped by Stifel Nicolaus from $635.00 to $700.00 in a report released on Monday morning, MarketBeat reports. The firm currently has a buy rating on the semiconductor manufacturer’s stock.

Several other equities research analysts also recently commented on the stock. Wall Street Zen upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Sunday. Jefferies Financial Group set a $650.00 target price on Advanced Micro Devices in a report on Wednesday, August 5th. TD Cowen reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. KeyCorp set a $650.00 price target on Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, DA Davidson raised their price target on Advanced Micro Devices from $425.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $585.26.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $645.86 on Monday. The business has a 50 day simple moving average of $523.60 and a 200 day simple moving average of $455.44. 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 capitalization of $1.05 trillion, a PE ratio of 166.03, a price-to-earnings-growth ratio of 6.73 and a beta of 2.45. 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, beating analysts’ consensus estimates 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 firm had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The business’s revenue was up 50.1% compared to the same quarter last year. On average, sell-side analysts forecast that Advanced Micro Devices will post 6.43 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa Su sold 70,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the sale, the chief executive officer directly owned 3,032,156 shares of the company’s stock, valued at $1,536,696,660.80. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the completion of the sale, the executive vice president directly owned 363,317 shares of the company’s stock, valued at approximately $182,766,616.85. This represents a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 213,838 shares of company stock valued at $105,533,836 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Southpoint Capital Advisors LP grew its position in Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock valued at $183,087,000 after purchasing an additional 300,000 shares in the last quarter. Boomfish Wealth Group LLC acquired a new stake in Advanced Micro Devices in the 1st quarter valued at $1,193,000. Dimensional Fund Advisors LP lifted its position in Advanced Micro Devices by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock worth $1,045,954,000 after buying an additional 291,165 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $100,834,000. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in shares of Advanced Micro Devices by 6,968.7% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock worth $85,995,000 after buying an additional 138,328 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Key Advanced Micro Devices News

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

• Positive Sentiment: Citi raised its AMD price target to $800 from $575 and maintained a Buy rating, citing the potential for agentic AI—including Meta’s Muse—to drive substantial increases in computing demand. Citi’s price target boost lifts AMD shares
• Positive Sentiment: CEO Lisa Su said AI chip demand should remain “very high” for years and that AMD plans to substantially increase supply in 2027. Her meetings with Samsung and SK Hynix are focused on securing memory, foundry capacity and broader supply-chain support. AMD plans to increase supply in 2027
• Positive Sentiment: AMD’s partnership momentum is expanding: Hewlett Packard Enterprise launched additional AMD-powered AI servers, while AMD is reportedly exploring deeper collaboration with Samsung in memory and semiconductor manufacturing. AMD seeks deeper Samsung partnership
• Positive Sentiment: The planned acquisition of World Labs, reportedly valued at $8.2 billion, is intended to strengthen AMD’s exposure to physical AI and emerging AI workloads, although the investment will require meaningful execution. AMD and physical AI
• Neutral Sentiment: AMD will report fiscal third-quarter results after the market close on Nov. 3. Investors will focus on data-center growth, AI accelerator deliveries, margins, cash flow and whether customer commitments are translating into repeat deployments. AMD third-quarter earnings announcement
• Negative Sentiment: AMD’s valuation leaves little room for disappointment. Analysts note that major products such as Helios have not yet shipped at scale, while fair-value estimates near $629 are below recent trading levels. Rising Treasury yields are also pressuring high-growth technology stocks. AMD valuation concerns
• Negative Sentiment: Profit-taking is another headwind, with Ark Invest identifying AMD as its largest sale in the latest trading round. Investors are also monitoring potential dilution from warrants granted to Meta and OpenAI.

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.