Bank of America Issues Positive Forecast for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Advanced Micro Devices (NASDAQ:AMD) had its price objective boosted by investment analysts at Bank of America from $450.00 to $500.00 in a report released on Wednesday. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Bank of America‘s price target suggests a potential upside of 11.88% from the company’s previous close.

AMD has been the subject of a number of other research reports. BTIG Research upgraded shares of Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Raymond James Financial initiated coverage on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. They set a “market perform” rating for the company. Royal Bank Of Canada raised their target price on shares of Advanced Micro Devices from $325.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. Phillip Securities upgraded shares of Advanced Micro Devices from a “moderate buy” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Finally, Benchmark upped their price objective on shares of Advanced Micro Devices from $325.00 to $485.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $396.95.

Advanced Micro Devices Stock Down 0.3%

Shares of AMD stock traded down $1.40 during trading hours on Wednesday, hitting $446.89. 14,795,431 shares of the company were exchanged, compared to its average volume of 39,580,070. The company has a market capitalization of $728.70 billion, a PE ratio of 146.54, a PEG ratio of 1.41 and a beta of 2.40. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $258.93 and a two-hundred day moving average of $236.36. Advanced Micro Devices has a 52 week low of $107.67 and a 52 week high of $469.21.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. Advanced Micro Devices’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 EPS. Analysts anticipate that Advanced Micro Devices will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 31,320 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the sale, the executive vice president owned 1,236,037 shares of the company’s stock, valued at $432,612,950. This represents a 2.47% decrease in their position. 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 Paul Darren Grasby sold 24,376 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the transaction, the executive vice president owned 105,222 shares of the company’s stock, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 184,598 shares of company stock valued at $49,955,566 in the last quarter. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Joseph Group Capital Management bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $25,000. Cornerstone Financial Management LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $27,000. Sarver Vrooman Wealth Advisors bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $27,000. Basepoint Wealth LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $30,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth $33,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Mizuho raised its price target on AMD to $515 from $415 and kept an Outperform rating, citing agentic AI server demand as a key tailwind. Mizuho Just Hiked AMD Price Target to $515: Agentic AI Server Demand Powers the Bull Case
• Positive Sentiment: Other analysts also boosted earnings estimates after AMD’s Q1 beat, reinforcing expectations for continued growth into 2026 and 2027.
• Positive Sentiment: Commentary highlighted AMD’s expanding role in enterprise AI infrastructure, including long-term AI chip deals and stronger CPU demand in data centers. AMD MI450 AI Deals With Meta And OpenAI Test Rich Valuation
• Neutral Sentiment: Northland Securities lifted several forward earnings estimates for AMD but kept only a Market Perform rating and a $260 target, showing valuation concerns still exist.
• Negative Sentiment: Some reports said the broader chip rally cooled as investors took profits after a sharp run-up, which can pressure AMD along with other semiconductor stocks.
• Negative Sentiment: Insider selling and Cathie Wood’s recent AMD trims are adding a cautious note after the stock’s huge rally.

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.