Advanced Micro Devices (NASDAQ:AMD) Shares Up 1.7% on Analyst Upgrade

Key Points

• AMD shares rose about 1.7% after Royal Bank of Canada raised its price target to $325 (from $230) while keeping a "sector perform" rating; the stock traded as high as $362.79 and last at $360.54 on below-average volume.
• Analysts are mixed but generally positive: MarketBeat shows a consensus of Moderate Buy with an average target of $300.05 (31 Buys, 9 Holds, 1 Strong Buy), though several firms differ on near-term upside into May earnings.
• AMD reported a Q1 EPS beat ($1.53 vs. $1.32 expected) and revenue up 34.1% year-over-year, but insiders have sold roughly 304,672 shares in the last 90 days while institutional investors hold about 71.34% of the stock.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price shot up 1.7% on Friday after Royal Bank Of Canada raised their price target on the stock from $230.00 to $325.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Advanced Micro Devices traded as high as $362.79 and last traded at $360.54. 33,919,846 shares traded hands during trading, a decline of 12% from the average session volume of 38,616,469 shares. The stock had previously closed at $354.49.

AMD has been the topic of a number of other reports. Northland Securities reissued a "market perform" rating and set a $260.00 price target on shares of Advanced Micro Devices in a research report on Monday. TD Cowen reissued a "buy" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Sanford C. Bernstein raised their price target on Advanced Micro Devices from $235.00 to $265.00 and gave the stock a "market perform" rating in a research report on Thursday, April 16th. Piper Sandler reiterated an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 25th. Finally, UBS Group set a $310.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $300.05.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the company's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the completion of the transaction, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul Darren Grasby sold 7,500 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00. Following the transaction, the executive vice president owned 129,598 shares of the company's stock, valued at approximately $26,550,742.26. The trade was a 5.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 304,672 shares of company stock valued at $70,135,070. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Riot Platforms expanded its AMD deal—adding ~25 MW / doubling contracted capacity for AI deployments—highlighting growing data-center GPU demand for AMD hardware and reinforcing AMD’s traction with hyperscale/cloud customers. Riot jumps 10% as AMD signs additional 25 MW AI deployment: Q1 Earnings
• Positive Sentiment: Leaks of a Ryzen AI "halo" mini PC / release-date rumors are acting as a product catalyst for AMD’s consumer & edge-AI roadmap, supporting sentiment that AMD can monetize AI beyond data centers. AMD Stock Rallies as a Release Date for the Ryzen AI Halo PC Leaks
• Positive Sentiment: Analysts and outlets (e.g., Susquehanna, Forbes) continue to pitch AMD as a key AI-capex beneficiary and a challenger to Nvidia in certain segments — a narrative that supports higher multiples as enterprise AI spending ramps. AMD's AI Coup: Breaking The Nvidia Monopoly
• Neutral Sentiment: Royal Bank of Canada raised its price target from $230 to $325 (rating: sector perform) — the PT hike signals improving fundamentals but the rating/target still sits below intraday market levels, so it’s an ambiguous signal for immediate upside. RBC raises AMD price target to $325
• Neutral Sentiment: Wall Street is split: several 5‑star analysts differ on valuation and near-term upside into Q1 results, meaning outcomes from May earnings will likely swing sentiment. 5-Star Analysts Are Split on AMD as Stock Soars into Q1 Earnings
• Negative Sentiment: Schwab warns of an "overhead supply" risk for semiconductors after a near‑50% group rally, flagging the possibility of a pullback in chip names (including AMD) if supply/seller pressure emerges. Schwab Analyst: Chip Stocks Face ‘Overhead Supply’ Risk
• Negative Sentiment: ARK Invest (Cathie Wood) trimmed AMD exposure while rotating into other big tech names — a notable institutional sell signal that can weigh on short‑term sentiment despite the company’s fundamental positives. Cathie Wood Loads Up on Meta, Alphabet Sells AMD

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMD. Joseph Group Capital Management acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $27,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $27,000. Basepoint Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $30,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 1.7%

The firm has a market capitalization of $587.80 billion, a P/E ratio of 136.05, a PEG ratio of 1.21 and a beta of 1.96. The firm's 50 day moving average is $232.51 and its two-hundred day moving average is $228.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.85 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm had revenue of $10.27 billion during the quarter, compared to analysts' expectations of $9.65 billion. During the same quarter last year, the company posted $1.09 earnings per share. The company's revenue for the quarter was up 34.1% compared to the same quarter last year. Research analysts predict that Advanced Micro Devices, Inc. will post 5.82 EPS for the current 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.

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