Advanced Micro Devices (NASDAQ:AMD) Shares Gap Up on Analyst Upgrade

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) gapped up prior to trading on Friday after DA Davidson upgraded the stock from a neutral rating to a buy rating. The stock had previously closed at $305.33, but opened at $336.76. DA Davidson now has a $375.00 price target on the stock, up from their previous price target of $220.00. Advanced Micro Devices shares last traded at $343.2450, with a volume of 21,415,588 shares.

Several other brokerages have also recently weighed in on AMD. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 25th. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 26th. Erste Group Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Wells Fargo & Company restated an “overweight” rating and set a $345.00 target price on shares of Advanced Micro Devices in a report on Friday, January 30th. Finally, Stifel Nicolaus boosted their target price on Advanced Micro Devices from $280.00 to $320.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $296.44.

Insider Buying and Selling

In related news, EVP Paul Darren Grasby sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00. Following the transaction, the executive vice president directly owned 129,598 shares in the company, valued at approximately $26,550,742.26. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total value of $4,216,954.50. Following the completion of the transaction, the executive vice president owned 289,098 shares in the company, valued at $62,679,337.38. This represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 273,352 shares of company stock valued at $59,173,070. 0.50% of the stock is currently owned by company insiders.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: DA Davidson upgraded AMD from Neutral to Buy and set a $375 price target (about a ~22.8% upside from the cited reference price), giving fresh buy-side conviction and likely driving part of the rally. DA Davidson Upgrade
• Positive Sentiment: Stifel raised its price target (to $320) and other firms have boosted targets, reinforcing the narrative that AMD is positioned to capture accelerating AI/GPU demand — this analyst activity lifted investor confidence. Why Stifel Raised AMD Target
• Positive Sentiment: AMD is riding sector strength after Intel’s strong earnings and upbeat guidance — Intel’s report reignited AI/semiconductor optimism and helped AMD and peers gap higher in premarket trading. Stock Market Today: Intel Soars; AMD Tags Along
• Positive Sentiment: Product catalyst: the new Ryzen 9 9950X3D2 Dual Edition CPU launch is boosting sentiment that AMD can expand high-margin gaming and consumer revenue, supporting upside expectations. Ryzen 9 Launch
• Neutral Sentiment: Broader narrative pieces and flow commentary note AMD as a top AI play, which supports longer-term conviction but may already be priced in after the recent run. AMD Top AI Stock Discussion
• Neutral Sentiment: Momentum: AMD recently hit fresh record highs and is attracting more attention; momentum can amplify intraday moves but raises questions about near-term valuation. AMD Hits All-Time High
• Negative Sentiment: Institutional position change: IFM Investors’ 13F filing shows a large reported reduction in AMD shares, a potential selling pressure signal (may reflect rebalancing or profit-taking). IFM Investors 13F Update
• Negative Sentiment: Margin headwind: AMD warned of a sequential gross-margin contraction (Zacks notes a possible ~200 bps dip), a reminder that some short-term profitability pressure exists despite revenue growth. AMD Margin Outlook

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMD. Joseph Group Capital Management acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC lifted its holdings in Advanced Micro Devices by 39.7% in the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 46 shares during the last quarter. Koesten Hirschmann & Crabtree INC. lifted its holdings in Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. Sarver Vrooman Wealth Advisors acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Finally, Cornerstone Financial Management LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $27,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 13.7%

The stock has a market capitalization of $565.91 billion, a price-to-earnings ratio of 130.60, a PEG ratio of 1.10 and a beta of 1.96. The business has a fifty day moving average of $218.99 and a 200 day moving average of $224.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.85 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. The firm had revenue of $10.27 billion for the quarter, compared to analysts’ expectations of $9.65 billion. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The firm’s quarterly revenue was up 34.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 5.78 earnings per share for the current year.

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.