Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.7% – Here’s Why

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price was up 1.7% during trading on Friday. The company traded as high as $523.92 and last traded at $516.79. Approximately 15,072,683 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 31,897,637 shares. The stock had previously closed at $507.93.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD rebounded alongside Intel as investors selectively bought technology shares after the previous session’s sharp semiconductor decline. Why are AMD, Intel stocks gaining today?
• Positive Sentiment: Erste Group Bank raised its FY2027 AMD earnings estimate to $15.05 per share from $14.80, reinforcing expectations for strong future growth. Advanced Micro Devices analyst estimate update
• Positive Sentiment: Analysts and investors continue to point to hyperscaler AI contracts, data-center expansion and AMD’s broader AI-computing strategy as potential long-term catalysts. The company’s recent revenue growth and earnings beat provide support for the bullish case. AMD Stock Price Prediction
• Neutral Sentiment: AMD’s recovery occurred despite continued debate over whether massive AI capital expenditures will generate adequate returns. Upcoming earnings and evidence of sustained accelerator demand are likely to determine whether the recent AI rally can continue. The AI Rout: Sorting CAPEX Fact From Fiction
• Negative Sentiment: AMD remains richly valued after a substantial year-to-date advance, leaving the stock vulnerable if its next product cycle or AI contracts fail to meet elevated expectations. AMD Has a High Floor, High Volatility Trajectory
• Negative Sentiment: Higher oil prices, inflation concerns and potentially higher borrowing costs could pressure funding for AI infrastructure. Supply-chain warnings, softer PC demand and Nvidia’s expansion into CPU markets add further competitive and cyclical risks. Why AMD Stock Fell on Thursday

Analysts Set New Price Targets

AMD has been the topic of a number of research reports. Rosenblatt Securities reissued a “buy” rating and set a $700.00 target price on shares of Advanced Micro Devices in a report on Tuesday, September 29th. Mizuho lifted their price target on shares of Advanced Micro Devices from $580.00 to $705.00 and gave the company an “outperform” rating in a report on Tuesday, October 6th. Piper Sandler began coverage on shares of Advanced Micro Devices in a research report on Tuesday, September 15th. They set an “overweight” rating and a $600.00 price objective for the company. Argus increased their price objective on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Roth Capital increased their price objective on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $606.76.

Advanced Micro Devices Stock Up 1.7%

The firm’s 50-day moving average price is $541.49 and its 200 day moving average price is $483.21. The firm has a market cap of $843.64 billion, a P/E ratio of 132.85, a price-to-earnings-growth ratio of 5.67 and a beta of 2.45. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same period last year, the firm posted $0.48 EPS. Advanced Micro Devices’s quarterly revenue was up 50.1% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark Papermaster sold 28,811 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the sale, the executive vice president directly owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. 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 have sold 231,100 shares of company stock worth $114,867,400 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently modified their holdings of the company. Southpoint Capital Advisors LP lifted its stake in Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock worth $183,087,000 after acquiring an additional 300,000 shares in the last quarter. Boomfish Wealth Group LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at about $1,193,000. Dimensional Fund Advisors LP increased its holdings in shares of Advanced Micro Devices by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after purchasing an additional 291,165 shares during the period. Ferguson Wellman Capital Management Inc. lifted its position in shares of Advanced Micro Devices by 6,968.7% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock worth $85,995,000 after purchasing an additional 138,328 shares in the last quarter. Finally, Douglas Lane & Associates LLC boosted its holdings in shares of Advanced Micro Devices by 2,748.0% during the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer’s stock worth $52,582,000 after purchasing an additional 82,934 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.