Advanced Micro Devices (NASDAQ:AMD) Given New $550.00 Price Target at JPMorgan Chase & Co.

Advanced Micro Devices (NASDAQ:AMD) had its target price lifted by investment analysts at JPMorgan Chase & Co. from $385.00 to $550.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor manufacturer’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 12.41% from the company’s previous close.

A number of other research analysts have also weighed in on AMD. Stifel Nicolaus raised their price objective on Advanced Micro Devices from $450.00 to $635.00 and gave the company a “buy” rating in a report on Friday, July 10th. Loop Capital raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Tuesday, June 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Advanced Micro Devices in a research note on Monday. HSBC lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and upped their price target for the company from $335.00 to $340.00 in a research report on Monday, May 4th. Finally, Needham & Company LLC raised Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $546.87.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $489.28 on Wednesday. The stock has a 50 day moving average of $515.22 and a two-hundred day moving average of $358.23. Advanced Micro Devices has a 12 month low of $149.22 and a 12 month high of $584.73. The firm has a market cap of $797.82 billion, a P/E ratio of 125.78 and a beta of 2.48. The company has a current ratio of 2.61, a quick ratio of 1.96 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The business’s revenue was up 50.1% on a year-over-year basis. On average, analysts expect that Advanced Micro Devices will post 6.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total value of $57,586,250.00. Following the sale, 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 position. The transaction 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, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the sale, the director directly owned 87,173 shares in the company, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 285,934 shares of company stock valued at $130,353,006 over the last 90 days. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Institutional investors and hedge funds have recently made changes to their positions in the company. Joseph Group Capital Management acquired a new position in Advanced Micro Devices in the fourth quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $27,000. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices in the fourth quarter worth $27,000. Basepoint Wealth LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, Graney & King LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter valued at approximately $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD agreed to acquire Taalas for an undisclosed amount. Taalas develops specialized silicon that hardwires AI models into chips, potentially reducing computing and memory bottlenecks and improving inference speed and efficiency. AMD plans to combine the technology with its Instinct GPUs to offer broader, system-level AI solutions. AMD deepens AI inference bet with Taalas deal as chip race heats up
• Positive Sentiment: Analyst sentiment remains broadly constructive after AMD’s strong quarter. Wedbush reiterated an Outperform rating with a $600 price target, while Cantor Fitzgerald maintained Overweight with a $700 target. These targets imply substantial upside from the reference price. Advanced Micro Devices Earns Outperform Rating from Wedbush
• Positive Sentiment: AMD’s second-quarter results showed strong underlying demand: revenue increased 50% year over year to $11.54 billion, EPS reached $1.66 versus a $1.62 consensus estimate, and data-center sales more than doubled to approximately $6.7 billion. Management also expects data-center revenue to accelerate later this year and more than double in 2027. AMD Q2 Earnings Beat Estimates, Strong Data Center Aids Revenue Growth
• Neutral Sentiment: RBC Capital kept a Sector Perform rating and a $540 price target, indicating that analysts see meaningful potential but remain cautious about AMD’s valuation and execution relative to Nvidia. Royal Bank of Canada Reiterates Sector Perform Rating for AMD
• Negative Sentiment: The recent earnings reaction highlighted a high expectations problem. Despite beating estimates and issuing solid guidance, investors questioned whether growth, margins and AI market-share gains were strong enough to justify AMD’s elevated valuation. Elon Musk’s statement that SpaceX would use Nvidia chips exclusively also reinforced concerns about AMD’s ability to challenge Nvidia. 3 reasons AMD’s stock is falling in the face of its latest earnings report

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.