Advanced Micro Devices (NASDAQ:AMD) Trading 13.9% Higher After Analyst Upgrade

Key Points

• AMD rallied 13.9% in mid‑day trading after DA Davidson upgraded the stock to a Buy and raised its price target to $375 (from $220); the shares hit an intraday high near $353 with volume up about 111%.
• The analyst picture is mixed but leaning positive—MarketBeat shows a "Moderate Buy" consensus with an average target of $296.44, while individual targets range widely from about $248 to $375, reflecting divergent expectations.
• Insider selling and near‑term catalyst: executives including CEO Lisa Su recently sold shares (insiders sold ~273,352 shares worth ~$59M over three months), and upcoming earnings on May 5 could drive further volatility.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) traded up 13.9% during mid-day trading on Friday after DA Davidson upgraded the stock from a neutral rating to a buy rating. DA Davidson now has a $375.00 price target on the stock, up from their previous price target of $220.00. Advanced Micro Devices traded as high as $352.99 and last traded at $347.6210. 81,033,957 shares were traded during trading, an increase of 111% from the average session volume of 38,336,191 shares. The stock had previously closed at $305.33.

Other equities analysts also recently issued reports about the company. Citigroup reduced their price objective on Advanced Micro Devices from $260.00 to $248.00 and set a "neutral" rating for the company in a research report on Monday, April 6th. The Goldman Sachs Group boosted their price objective on Advanced Micro Devices from $210.00 to $240.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. Stifel Nicolaus boosted their price objective on Advanced Micro Devices from $280.00 to $320.00 and gave the stock a "buy" rating in a research report on Monday. Piper Sandler reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Finally, Wall Street Zen upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $296.44.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $214.36, for a total value of $26,795,000.00. Following the transaction, the chief executive officer owned 3,152,476 shares of the company's stock, valued at approximately $675,764,755.36. This represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total value of $4,216,954.50. Following the completion of the transaction, the executive vice president directly owned 289,098 shares in the company, valued at $62,679,337.38. This represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 273,352 shares of company stock worth $59,173,070 over the last three months. Corporate insiders own 0.50% of the company's stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: DA Davidson upgraded AMD to Buy and raised its price target to $375, providing a clear Wall Street catalyst that pushed bullish flows into the stock. DA Davidson Upgrade
• Positive Sentiment: Intel’s strong earnings created a sector “halo” effect — investors expect stronger CPU and data‑center demand industry‑wide, lifting AMD as a main beneficiary of renewed server/AI spending. CNBC Intel Halo Lift
• Positive Sentiment: Other analyst upgrades/target hikes (Stifel to $320 and multiple bullish calls) have reinforced conviction and provided fresh buy-side permission to add. Stifel Price Target Boost
• Positive Sentiment: Product and demand signals (new Ryzen high‑end CPU launch and reported server CPU supply tightness tied to AI workloads) support revenue/margin upside narratives that investors are pricing in. Ryzen Launch / Demand
• Positive Sentiment: Broader chip rally (SOXX notching a record multi‑day win streak and semis leading the market) is lifting AMD as part of the thematic trade into AI/servers. SOXX Rally
• Neutral Sentiment: Upcoming earnings (May 5) are a near-term catalyst — investors are piling in ahead of results, which can amplify moves in either direction depending on guidance. Earnings Preview
• Neutral Sentiment: Market structure items — ETFs and passive flows (e.g., GraniteShares YieldBOOST AMD ETF distribution) and broader index moves — are supporting volume but are not company-specific drivers. ETF Distribution
• Negative Sentiment: Heavy insider selling has been flagged in public data (multiple executive sales recently), a potential governance/sentiment caution for some investors. Insider Selling Data
• Negative Sentiment: The rally contains stretches with little company‑specific news — commentators warn of froth and cautioned not to get swept up ahead of earnings; elevated valuation metrics increase downside risk if guidance disappoints. Cautionary Views

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMD. Joseph Group Capital Management bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at $25,000. ORG Wealth Partners LLC raised its stake in Advanced Micro Devices by 39.7% during the 3rd quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 46 shares during the period. Koesten Hirschmann & Crabtree INC. raised its stake in Advanced Micro Devices by 61.0% during the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 61 shares during the period. Sarver Vrooman Wealth Advisors acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $27,000. Finally, Cornerstone Financial Management LLC acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $27,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

The firm's 50 day simple moving average is $218.99 and its 200-day simple moving average is $224.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. The company has a market capitalization of $566.74 billion, a price-to-earnings ratio of 131.18, a P/E/G ratio of 1.10 and a beta of 1.96.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $10.27 billion for the quarter, compared to the consensus estimate of $9.65 billion. During the same period in the previous year, the business earned $1.09 EPS. The company's revenue was up 34.1% on a year-over-year basis. Analysts expect that Advanced Micro Devices, Inc. will post 5.78 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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