Zacks Research Upgrades Advanced Micro Devices (NASDAQ:AMD) to Strong-Buy

Advanced Micro Devices (NASDAQ:AMD) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

AMD has been the topic of a number of other research reports. Melius Research set a $660.00 price target on Advanced Micro Devices in a report on Friday, July 24th. Truist Financial set a $478.00 price objective on Advanced Micro Devices in a report on Wednesday, May 6th. Barclays lowered Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research report on Friday, June 12th. Sanford C. Bernstein reissued an “outperform” rating and set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. Finally, HSBC downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and upped their target price for the company from $335.00 to $340.00 in a report on Monday, May 4th. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $532.19.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $518.58 on Monday. The firm has a market cap of $845.60 billion, a PE ratio of 170.03 and a beta of 2.48. Advanced Micro Devices has a 12-month low of $149.22 and a 12-month high of $584.73. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $516.06 and its two-hundred day simple moving average is $354.63.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. As a group, equities analysts expect that Advanced Micro Devices will post 6.27 EPS for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the transaction, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. The trade was a 4.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the business’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 directly owned 324,527 shares in the company, valued at $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. 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 have sold a total of 310,310 shares of company stock worth $141,185,456 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Institutional investors have recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after acquiring an additional 2,970 shares during the last quarter. United Bank lifted its position in Advanced Micro Devices by 22.0% in the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock valued at $1,881,000 after acquiring an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in Advanced Micro Devices by 361.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock valued at $1,310,000 after acquiring an additional 7,228 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD reported record second-quarter revenue of $11.54 billion, up 50.1% year over year, while adjusted EPS of $1.66 exceeded consensus. Data-center revenue reportedly more than doubled to approximately $6.7 billion, underscoring strong demand for EPYC processors and Instinct AI accelerators. AMD’s revenue climbs 50% and data center sales doubled, but the stock is down
• Positive Sentiment: Management guided for third-quarter revenue of roughly $12.7 billion to $13.3 billion, above the approximately $12.4 billion analyst consensus. CEO Lisa Su also said unexpected server CPU demand is pressuring supply but expects conditions and growth to improve in 2027. AMD forecasts upbeat revenue on AI data-center demand
• Positive Sentiment: AMD said Meta, OpenAI and Anthropic are helping optimize AI models for its platform, potentially strengthening the ROCm software ecosystem and adoption of AMD accelerators. Dell also selected AMD Instinct MI355X GPUs for a new AI and high-performance-computing platform. AMD CEO says major AI companies are improving its ecosystem
• Neutral Sentiment: William Blair maintained a Hold rating, saying modest guidance upside and AI-driven growth potential are balanced by competitive pressure and uncertainty around the pace of the Helios rack-scale platform ramp. Analyst maintains Hold on AMD
• Negative Sentiment: Investors viewed the earnings and forecast as only modestly ahead of expectations, seeking clearer evidence that the multibillion-dollar AI spending boom will translate into faster growth and a larger Helios opportunity. AMD’s high valuation leaves limited room for disappointment. AMD falls as investors seek bigger AI payoff
• Negative Sentiment: SpaceX said it would exclusively use Nvidia AI chips, providing a high-profile competitive endorsement for Nvidia and weighing on AMD and other semiconductor stocks. AMD, Nvidia, Intel and other stocks that explain today’s market

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.