Advanced Micro Devices (NASDAQ:AMD) Trading Up 8.1% – What’s Next?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) shot up 8.1% during trading on Wednesday . The company traded as high as $449.39 and last traded at $447.58. 35,228,373 shares were traded during trading, a decline of 10% from the average session volume of 39,330,496 shares. The stock had previously closed at $414.05.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD is moving higher alongside a broad semiconductor rally as traders position for Nvidia’s earnings report, which is seen as a key catalyst for the AI chip trade. Why Is AMD Stock Up Today, 5/20/26?
• Positive Sentiment: Recent analyst action remains constructive, including Evercore ISI raising its price target and other firms pointing to stronger server CPU demand and a larger AI-driven total addressable market for AMD. Evercore ISI Raises Price Target on Advanced Micro Devices (AMD) Amid AI Market Shift
• Positive Sentiment: Market commentary continues to frame AMD as a winner from expanding server CPU opportunities, with some reports highlighting AI inference demand and a growing infrastructure spending cycle. BofA names top chip stocks as server CPU TAM seen reaching $125bn by 2030
• Neutral Sentiment: Some articles note that AMD has already had a huge run this year, and a few commentators question whether the stock is getting expensive after doubling. AMD Stock Has Doubled This Year. Is It Still a Buy?
• Neutral Sentiment: Insider selling has been heavy over the past six months, but this is more of a longer-term governance/data point than an immediate trading driver today.
• Negative Sentiment: Bearish pieces continue to warn that AMD’s valuation may be stretched and that the stock still trades in Nvidia’s shadow, which could limit upside if expectations get too lofty. AMD Stock Has Doubled This Year. Is It Still a Buy?

Analysts Set New Price Targets

A number of research firms recently commented on AMD. Morgan Stanley boosted their price objective on shares of Advanced Micro Devices from $360.00 to $410.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Wedbush boosted their price objective on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Wells Fargo & Company upped their price target on shares of Advanced Micro Devices from $345.00 to $505.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 25th. Finally, Citigroup upped their price target on shares of Advanced Micro Devices from $358.00 to $460.00 and gave the company a “neutral” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $410.00.

Advanced Micro Devices Trading Up 8.1%

The business’s 50-day moving average price is $282.35 and its two-hundred day moving average price is $242.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The firm has a market cap of $729.82 billion, a price-to-earnings ratio of 146.75, a price-to-earnings-growth ratio of 1.25 and a beta of 2.40.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company’s revenue was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 earnings per share. Equities analysts expect that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Insider Activity

In other news, EVP Paul Darren Grasby sold 24,376 shares of the business’s 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 completion of the transaction, the executive vice president owned 105,222 shares of the company’s stock, valued at $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 31,320 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. This represents a 2.47% 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. Insiders sold a total of 309,598 shares of company stock valued at $105,644,316 over the last 90 days. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors have recently modified their holdings of AMD. Joseph Group Capital Management purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $25,000. Koesten Hirschmann & Crabtree INC. grew its stake in Advanced Micro Devices by 61.0% during the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 61 shares during the period. Sarver Vrooman Wealth Advisors purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $27,000. Cornerstone Financial Management LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $27,000. Finally, Basepoint Wealth LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.