Advanced Micro Devices (NASDAQ:AMD) Shares Up 3.5% Following Analyst Upgrade

Key Points

• Shares of Advanced Micro Devices jumped about 3.5% to $217.50 mid-day after Erste Group upgraded the stock from Hold to Buy, with roughly 38.1 million shares trading (near average volume).
• Analyst consensus is a Moderate Buy with an average price target of $290.53, based on 1 Strong Buy, 30 Buy and 9 Hold ratings.
• AMD reported a strong quarter—EPS $1.53 versus $1.32 expected and revenue $10.27B (+34.1% YoY)—but insiders have sold about 239,392 shares (~$50.0M) in the past 90 days.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) were up 3.5% during mid-day trading on Thursday after Erste Group Bank upgraded the stock from a hold rating to a buy rating. The stock traded as high as $217.78 and last traded at $217.50. Approximately 38,132,669 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 38,260,949 shares. The stock had previously closed at $210.21.

Several other research analysts have also recently issued reports on the company. Piper Sandler reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Citigroup reissued a "neutral" rating on shares of Advanced Micro Devices in a research report on Thursday, January 15th. Royal Bank Of Canada restated a "sector perform" rating and set a $230.00 target price on shares of Advanced Micro Devices in a research note on Monday, March 16th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a report on Monday, February 2nd. Finally, Sanford C. Bernstein set a $235.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $290.53.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 7,500 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $204.87, for a total transaction of $1,536,525.00. Following the transaction, the executive vice president directly owned 129,598 shares of the company's stock, valued at approximately $26,550,742.26. This trade represents a 5.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Ava Hahn sold 2,442 shares of Advanced Micro Devices stock in a transaction on Friday, January 16th. The shares were sold at an average price of $234.42, for a total transaction of $572,453.64. Following the completion of the transaction, the senior vice president owned 16,359 shares in the company, valued at approximately $3,834,876.78. This represents a 12.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 239,392 shares of company stock valued at $50,016,383 in the last 90 days. Company insiders own 0.06% 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: March Steam Hardware Survey shows AMD gaining CPU and GPU share on Steam, a near-term demand signal for consumer and gaming products that can boost revenue momentum. AMD Stock Jumps Alongside Gains In the March 2026 Steam Hardware Survey
• Positive Sentiment: Wells Fargo added AMD to its Q2 Tactical Ideas List and several outlets report growing Wall Street bullishness, supporting upside expectations into upcoming earnings and reinforcing institutional interest. Wall Street Flags Advanced Micro Devices as a Buy Before Earnings
• Positive Sentiment: Erste Group upgraded AMD from Hold to Buy — another analyst upgrade that can support investor sentiment and buying flows. Finviz (Erste upgrade)
• Positive Sentiment: AMD deepened its collaboration with Samsung to secure HBM4 and advanced DRAM for future EPYC and Instinct products — this reduces supply risk for AI/data-center roadmaps and supports longer-term server GPU/CPU growth. AMD and Samsung Deepen Ties
• Positive Sentiment: Reports that D.E. Shaw has increased its AMD exposure and that AI startups (e.g., Upstage) are in talks to buy thousands of AMD chips signal fresh institutional and commercial demand. D. E. Shaw Is Loading Up on This Chip Stock
• Neutral Sentiment: Market commentary and analyst write-ups (Zacks, MarketBeat) reiterate AMD’s momentum/growth case, which helps positioning but adds little new fundamental information ahead of earnings. Zacks Momentum Article
• Neutral Sentiment: Coverage in AI ETFs lists (iShares ARTY/BAI) highlights AMD as a common ETF holding — supportive for passive flows but can amplify volatility if ETF rebalancing occurs. 3 AI ETFs That Let You Invest in the Entire AI Boom at Once
• Negative Sentiment: Cathie Wood’s Ark offloaded ~57k AMD shares and reports of billionaire investors trimming positions (e.g., Ray Dalio) create headline pressure and can trigger short-term outflows. Cathie Wood Ditches 57K Advanced Micro Shares
• Negative Sentiment: Geopolitical tensions (Middle East/Iran) and recent rate-driven volatility are pressuring the broader chip sector — Nasdaq peers like NVIDIA and Broadcom pulled back, which can drag AMD despite company-specific positives. Nvidia, Broadcom Drop as Chip Stocks Sell Off

Institutional Trading of Advanced Micro Devices

A number of hedge funds have recently added to or reduced their stakes in AMD. Impax Asset Management Group plc boosted its holdings in Advanced Micro Devices by 326.5% during the third quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer's stock worth $8,424,000 after buying an additional 39,861 shares in the last quarter. Zweig DiMenna Associates LLC increased its holdings in Advanced Micro Devices by 127.6% in the third quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer's stock valued at $11,746,000 after buying an additional 40,708 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of Advanced Micro Devices by 7.8% during the 3rd quarter. Wedbush Securities Inc. now owns 84,256 shares of the semiconductor manufacturer's stock valued at $13,632,000 after acquiring an additional 6,095 shares during the period. William Blair Investment Management LLC lifted its position in shares of Advanced Micro Devices by 72.5% during the 3rd quarter. William Blair Investment Management LLC now owns 1,047,200 shares of the semiconductor manufacturer's stock valued at $169,426,000 after acquiring an additional 440,296 shares during the period. Finally, Wisconsin Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 77.7% during the 3rd quarter. Wisconsin Capital Management LLC now owns 25,111 shares of the semiconductor manufacturer's stock worth $4,063,000 after acquiring an additional 10,982 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

The firm has a market cap of $354.60 billion, a PE ratio of 82.08, a price-to-earnings-growth ratio of 0.77 and a beta of 1.96. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average price of $211.43 and a 200 day moving average price of $214.07.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.21. The firm had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $9.65 billion. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.Advanced Micro Devices's quarterly revenue was up 34.1% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.

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