Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price target upped by stock analysts at Wells Fargo & Company from $345.00 to $505.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor manufacturer's stock. Wells Fargo & Company's price target points to a potential upside of 22.97% from the company's current price.
AMD has been the subject of a number of other research reports. Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Monday, January 26th. Truist Financial set a $283.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 4th. UBS Group set a $310.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 4th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $500.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Finally, Seaport Research Partners raised shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 target price for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $369.78.
Read Our Latest Research Report on Advanced Micro Devices
Advanced Micro Devices Stock Performance
NASDAQ AMD traded up $55.41 during trading hours on Wednesday, hitting $410.67. The company had a trading volume of 42,234,517 shares, compared to its average volume of 38,918,930. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. Advanced Micro Devices has a 1-year low of $96.88 and a 1-year high of $430.60. The company has a market cap of $669.53 billion, a PE ratio of 155.22, a price-to-earnings-growth ratio of 1.23 and a beta of 2.40. The business has a 50 day moving average of $235.61 and a 200-day moving average of $229.21.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The business's quarterly revenue was up 37.8% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices will post 5.82 EPS for the current year.
Insider Activity
In other news, CEO Lisa T. Su sold 85,000 shares of the business's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $198.77, for a total transaction of $16,895,450.00. Following the completion of the sale, the chief executive officer directly owned 3,146,006 shares of the company's stock, valued at $625,331,612.62. The trade was a 2.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the business's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the sale, the executive vice president directly owned 289,098 shares of the company's stock, valued at $62,679,337.38. This represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 304,672 shares of company stock valued at $70,135,070 over the last quarter. Insiders own 0.50% of the company's stock.
Hedge Funds Weigh In On Advanced Micro Devices
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Advanced Micro Devices by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer's stock valued at $33,949,256,000 after acquiring an additional 2,525,109 shares in the last quarter. State Street Corp lifted its holdings in Advanced Micro Devices by 1.5% in the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer's stock worth $16,044,712,000 after buying an additional 1,094,835 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Advanced Micro Devices by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer's stock worth $8,015,897,000 after buying an additional 287,525 shares in the last quarter. Norges Bank acquired a new position in Advanced Micro Devices in the 4th quarter worth $4,929,312,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Advanced Micro Devices by 0.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer's stock worth $4,352,864,000 after buying an additional 55,969 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.
Key Headlines Impacting Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Q1 beat and upbeat Q2 guidance — AMD topped EPS and revenue estimates and gave Q2 revenue guidance well above consensus ($10.9B–$11.5B), which triggered the rally as investors lean into AI/data‑center demand. Read More.
- Positive Sentiment: Data‑center momentum and bigger addressable market — CEO Lisa Su flagged massive server CPU and AI opportunity (management now cites a ~$120B addressable server CPU market by 2030), validating the multi‑year growth thesis. Read More.
- Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms raised targets or upgraded AMD after the print (Goldman, Bernstein, Rosenblatt, DA Davidson, Mizuho, Stifel, Morgan Stanley among others), supporting further upside momentum. Read More.
- Neutral Sentiment: Broader market tailwinds — Optimism around a potential U.S.–Iran deal and risk‑on flows helped tech and futures rally, amplifying AMD’s post‑earnings move. Read More.
- Neutral Sentiment: Ecosystem and partner announcements — New partnerships and customer wins (software/platform integrations and cloud deployments) support long‑term adoption but are incremental to the earnings catalyst. Read More.
- Negative Sentiment: Supply‑chain bottlenecks could cap near‑term upside — Industry checks point to packaging/CoWoS constraints that may limit how quickly AMD can convert demand into shipments, a risk cited by cautious analysts. Read More.
- Negative Sentiment: Valuation and “sell‑the‑news” risk — HSBC and others warned the stock had priced in much of the AI story; the high P/E and recent run create downside if future guidance or execution slips. Read More.
- Negative Sentiment: Notable insider and institutional rebalancing activity — Some large shareholders trimmed positions around the run, which can increase volatility after the rally. Read More.
About Advanced Micro Devices
(
Get Free Report)
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.
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