Mizuho Issues Positive Forecast for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Key Points

• Mizuho raised AMD’s price target to $705 from $580 and maintained an “outperform” rating, implying approximately 11.6% upside from the stock’s current price.
• Analyst sentiment remains broadly positive: AMD has a “Moderate Buy” consensus rating and an average price target of $571.25, with several firms recently increasing their targets or ratings.
• AMD reported quarterly revenue of $11.54 billion and adjusted earnings of $1.66 per share, beating estimates, while revenue grew 50.1% year over year. However, the stock’s valuation is elevated, with a price-to-earnings ratio above 162, and insiders have sold more than $105 million of shares over the past 90 days.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its target price boosted by Mizuho from $580.00 to $705.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the semiconductor manufacturer's stock. Mizuho's price objective would suggest a potential upside of 11.59% from the stock's current price.

Several other research firms have also recently weighed in on AMD. Roth Capital lifted their price target on Advanced Micro Devices from $500.00 to $650.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Sanford C. Bernstein reiterated an "outperform" rating and set a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Raymond James Financial raised Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and lifted their target price for the stock from $565.00 to $641.00 in a report on Tuesday, August 25th. Wolfe Research set a $450.00 target price on shares of Advanced Micro Devices and gave the company an "outperform" rating in a research report on Monday, June 15th. Finally, Piper Sandler began coverage on shares of Advanced Micro Devices in a research note on Tuesday, September 15th. They issued an "overweight" rating and a $600.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $571.25.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $631.75 on Tuesday. Advanced Micro Devices has a 52 week low of $188.22 and a 52 week high of $645.46. The company has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 162.40, a PEG ratio of 6.58 and a beta of 2.45. The company has a 50-day simple moving average of $515.38 and a 200 day simple moving average of $449.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results 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 analysts' expectations of $11.31 billion. During the same period in the prior year, the firm earned $0.48 EPS. The business's revenue was up 50.1% on a year-over-year basis. On average, sell-side analysts predict that Advanced Micro Devices will post 6.43 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Jean X. Hu sold 15,000 shares of the firm's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the transaction, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the transaction, the executive vice president directly owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. This trade represents a 11.30% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 213,838 shares of company stock valued at $105,533,836 in the last ninety days. Insiders own 0.50% of the company's stock.

Institutional Trading of Advanced Micro Devices

Institutional investors and hedge funds have recently made changes to their positions in the company. Central Pacific Bank Trust Division boosted its position in shares of Advanced Micro Devices by 44.6% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,328 shares of the semiconductor manufacturer's stock worth $9,377,000 after acquiring an additional 4,727 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in Advanced Micro Devices by 2.9% during the third quarter. Rosenberg Matthew Hamilton now owns 2,253 shares of the semiconductor manufacturer's stock valued at $1,378,000 after purchasing an additional 64 shares in the last quarter. Box Hill Private Wealth LLC lifted its stake in Advanced Micro Devices by 2.5% during the third quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer's stock worth $486,000 after purchasing an additional 19 shares during the last quarter. Park National Corp OH boosted its holdings in shares of Advanced Micro Devices by 1.9% in the 3rd quarter. Park National Corp OH now owns 2,305 shares of the semiconductor manufacturer's stock valued at $1,410,000 after purchasing an additional 42 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 27.4% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 2,162 shares of the semiconductor manufacturer's stock valued at $1,467,000 after purchasing an additional 465 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: CEO Lisa Su said AMD plans to substantially increase AI-chip supply in 2027 by working with suppliers in Taiwan and South Korea to secure advanced wafer and memory capacity. She also described chip demand as very high and likely to remain strong for years. AMD plans to substantially increase supply in 2027
• Positive Sentiment: Meta’s Muse personal-agent initiative is strengthening the investment case for AMD because continuously operating AI agents require substantial compute, memory and networking resources. Citi reportedly sees as much as 25% additional upside, while other coverage highlights a potential shift in AI workloads beyond Nvidia’s traditional dominance. Meta Muse gives AMD a boost
• Positive Sentiment: Stifel raised its AMD price target from $635 to $700 and maintained a Buy rating ahead of third-quarter earnings. The firm expects a “beat-and-raise,” potentially driven by EPYC server processors, with investor attention turning to MI450 demand and fourth-quarter margins. Stifel raises AMD price target
• Positive Sentiment: Reports also point to deeper South Korean AI partnerships and expanding manufacturing support from TSMC, potentially improving AMD’s ability to convert strong AI demand into revenue.
• Neutral Sentiment: AMD’s recent rally has pushed its market capitalization above $1 trillion, but machine-learning forecasts suggest limited near-term upside. At roughly 162 times earnings, the stock is highly dependent on sustained growth and successful AI-product execution.
• Negative Sentiment: AMD has reportedly offered OpenAI and Meta up to 320 million shares at a nominal price. The arrangements could deepen customer relationships and support sales, but future share issuance may dilute existing investors. AMD share agreements with OpenAI and Meta

About Advanced Micro Devices

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

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.

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