Advanced Micro Devices (NASDAQ:AMD) Given “Overweight” Rating at Cantor Fitzgerald

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “overweight” rating reissued by investment analysts at Cantor Fitzgerald in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $700.00 price target on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 29.70% from the stock’s previous close.

Several other research analysts have also recently weighed in on AMD. Loop Capital raised Advanced Micro Devices to a “strong-buy” rating in a research note on Tuesday, June 16th. Wolfe Research set a $450.00 price target on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Monday, June 15th. UBS Group set a $730.00 price target on shares of Advanced Micro Devices in a report on Friday. Sanford C. Bernstein set a $600.00 price objective on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Finally, Stifel Nicolaus lifted their price objective on shares of Advanced Micro Devices from $450.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eleven 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 a consensus price target of $485.68.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $539.69 on Friday. The stock has a market cap of $880.02 billion, a price-to-earnings ratio of 176.95, a PEG ratio of 1.60 and a beta of 2.47. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. Advanced Micro Devices has a 12 month low of $149.22 and a 12 month high of $584.73. The stock’s 50 day moving average price is $510.65 and its 200 day moving average price is $339.41.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same period last year, the company posted $0.96 EPS. The firm’s quarterly revenue was up 37.8% on a year-over-year basis. Equities research analysts anticipate that Advanced Micro Devices will post 6.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the sale, the executive vice president owned 324,527 shares of the company’s stock, valued at $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the transaction, the director owned 87,173 shares in the company, valued at $45,504,306. This represents a 9.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 310,310 shares of company stock valued at $141,185,456. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd grew its holdings in Advanced Micro Devices by 12.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer’s stock worth $43,000 after acquiring an additional 24 shares during the period. Trust Co of the South lifted its stake in shares of Advanced Micro Devices by 1.5% in the 2nd quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer’s stock valued at $1,014,000 after purchasing an additional 25 shares during the period. Beaird Harris Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 9.4% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer’s stock valued at $169,000 after purchasing an additional 25 shares during the period. Veery Capital LLC raised its position in shares of Advanced Micro Devices by 1.0% during the second quarter. Veery Capital LLC now owns 2,793 shares of the semiconductor manufacturer’s stock worth $1,622,000 after purchasing an additional 27 shares during the period. Finally, Arlington Trust Co LLC lifted its holdings in shares of Advanced Micro Devices by 3.3% in the 2nd quarter. Arlington Trust Co LLC now owns 915 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD unveiled its new Helios rack-scale AI platform and related next-generation hardware at its Advancing AI event, signaling a more complete “full-stack” push into AI servers and infrastructure. AMD and Cerebras Announce Industry-Leading Ultra-Low-Latency and High Throughput AI Inference Solution
• Positive Sentiment: AMD announced a major partnership with Cerebras to create an ultra-low-latency AI inference solution, with the combined platform expected to improve efficiency and throughput and roll out through Cerebras Cloud in the second half of 2026. AMD and Cerebras Announce Industry-Leading Ultra-Low-Latency and High Throughput AI Inference Solution
• Positive Sentiment: AMD also secured a landmark deal with Anthropic that includes up to 2 gigawatts of AMD Instinct MI450-series GPU deployments and a planned equity investment of up to $5 billion, which should support future AI revenue visibility. AMD and Anthropic Announce Strategic Partnership to Deploy up to 2 Gigawatts of AMD Instinct MI450 Series GPUs
• Positive Sentiment: Several analysts turned more constructive after the Anthropic deal and AMD’s broader AI push, with fresh buy/overweight ratings and higher price targets reinforcing the bullish growth narrative. AMD Secures Major AI Infrastructure Deals, Reinforces Top Growth Pick with Unchanged $575 Price Target

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.