Advanced Micro Devices (NASDAQ:AMD) Trading 1.8% Higher Following Analyst Upgrade

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) shot up 1.8% on Monday after Wells Fargo & Company raised their price target on the stock from $615.00 to $700.00. Wells Fargo & Company currently has an overweight rating on the stock. Advanced Micro Devices traded as high as $490.95 and last traded at $484.64. Approximately 24,033,412 shares changed hands during trading, a decline of 34% from the average daily volume of 36,150,703 shares. The stock had previously closed at $476.15.

Several other research analysts have also weighed in on AMD. Bank of America increased their target price on Advanced Micro Devices from $550.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Mizuho raised their price objective on Advanced Micro Devices from $615.00 to $625.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $700.00 target price on shares of Advanced Micro Devices in a report on Friday, July 24th. Evercore restated an “outperform” rating and issued a $579.00 price target on shares of Advanced Micro Devices in a report on Tuesday, May 19th. Finally, Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a research report on Friday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $539.35.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the sale, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. The trade was a 5.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the sale, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at $661,663,348.71. The trade was a 0.48% decrease in their position. 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 310,310 shares of company stock worth $141,185,456 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD reported record second-quarter revenue of approximately $11.54 billion, up 50% year over year, while adjusted EPS of $1.66 exceeded consensus expectations. Data-center revenue more than doubled to roughly $6.7 billion, and gross margin expanded to 56%. AMD forecasts upbeat revenue on AI data-center demand
• Positive Sentiment: Management issued third-quarter revenue guidance of $12.7 billion to $13.3 billion, above the roughly $12.4 billion analyst consensus. AMD also expects data-center revenue to accelerate late in 2026 and more than double in 2027 as its Helios AI platform ramps. AMD Q2 Earnings Call Points to Faster Data Center Growth
• Positive Sentiment: Analysts remained broadly constructive: Goldman Sachs maintained a Buy rating and $640 target, while Wedbush and Cantor Fitzgerald reiterated Outperform or Overweight ratings with targets of $600 and $700. AMD Earns Buy Rating as Strong Datacenter Momentum Supports $640 Target
• Positive Sentiment: AMD and Super Micro Computer introduced systems featuring an AMD AI coding tool, while partnerships with Meta, OpenAI and Anthropic could help expand AMD’s software ecosystem and adoption. AMD and Super Micro Computer Team Up on an AI Coding Tool

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Southpoint Capital Advisors LP boosted its holdings in shares of Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock valued at $183,087,000 after acquiring an additional 300,000 shares in the last quarter. Jefferies Financial Group Inc. increased its position in shares of Advanced Micro Devices by 6,228.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock valued at $65,966,000 after purchasing an additional 303,154 shares during the period. Boomfish Wealth Group LLC bought a new stake in shares of Advanced Micro Devices in the 1st quarter worth $1,193,000. Dimensional Fund Advisors LP lifted its holdings in shares of Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after buying an additional 291,165 shares during the period. Finally, Williamson Legacy Group LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at about $1,118,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 6.7%

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 business has a fifty day moving average of $516.06 and a 200-day moving average of $354.63. The stock has a market capitalization of $788.77 billion, a price-to-earnings ratio of 159.02 and a beta of 2.48.

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

About Advanced Micro Devices

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.