JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Advanced Micro Devices (NASDAQ:AMD) Stock

Key Points

• JPMorgan Chase raised its price target on AMD from $270 to $385 but maintained a "neutral" rating, with that target roughly 8.5% below the stock's recent close.
• AMD reported a strong Q1 (EPS $1.37 vs. $1.29 est.; revenue $10.25B) and record data‑center sales, spurring an 18.4% jump to $420.56 and prompting broad analyst price‑target upgrades into a consensus "Moderate Buy" (avg PT ≈ $385.86).
• Counterbalancing the upside, insiders have sold ~304,672 shares (~$70M) in the last 90 days (including CEO Lisa Su), and valuation is elevated (P/E ≈ 158.7), exposing the stock to "priced‑for‑perfection" risk.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from $270.00 to $385.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the semiconductor manufacturer's stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 8.46% from the company's previous close.

A number of other equities analysts have also commented on the stock. Evercore reiterated an "outperform" rating and issued a $358.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 24th. Wedbush boosted their price objective on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the stock an "outperform" rating in a report on Monday. KeyCorp boosted their price objective on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the stock an "overweight" rating in a report on Wednesday. UBS Group set a $310.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 4th. Finally, Sanford C. Bernstein upgraded shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $265.00 to $525.00 in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $385.86.

Advanced Micro Devices Stock Up 18.4%

AMD stock traded up $65.30 during trading on Wednesday, reaching $420.56. The stock had a trading volume of 85,773,359 shares, compared to its average volume of 39,409,336. Advanced Micro Devices has a 1-year low of $96.88 and a 1-year high of $430.60. 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 market capitalization of $685.66 billion, a P/E ratio of 158.70, a PEG ratio of 1.23 and a beta of 2.40. The firm has a fifty day moving average price of $235.61 and a 200 day moving average price of $229.21.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The firm's revenue was up 37.8% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Micro Devices will post 5.82 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 85,000 shares of the company's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $198.77, for a total value of $16,895,450.00. Following the sale, the chief executive officer owned 3,146,006 shares in the company, valued at approximately $625,331,612.62. This represents a 2.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paul Darren Grasby sold 7,500 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president owned 129,598 shares in the company, valued at approximately $26,550,742.26. This trade represents a 5.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 304,672 shares of company stock worth $70,135,070. Company insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors have recently modified their holdings of the business. Joseph Group Capital Management bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $27,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $30,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $33,000. Institutional investors own 71.34% of the company's stock.

More Advanced Micro Devices News

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

• Positive Sentiment: Q1 beat and strong guidance — AMD topped estimates (EPS $1.37; revenue ~$10.25B), reported record data‑center revenue (~$5.78B) and gave Q2 revenue guidance near $11.2B, a clear beat-and-raise that supports faster AI-driven server CPU/GPU demand. Read More.
• Positive Sentiment: Wall Street upgrades and price‑target lifts — Several firms raised ratings and targets (examples include TD Cowen, Wells Fargo, Goldman/others), amplifying buy-side momentum and validating the updated growth outlook. Read More.
• Positive Sentiment: Manufacturing/capacity wins — Reports that AMD secured favorable TSMC capacity allocations for its AI/server roadmap eased a major execution risk and helped justify the upside in AI server demand. Read More.
• Positive Sentiment: Management voice supports accelerated AI adoption — CEO Lisa Su said AI “agents” and CPU demand are ramping faster than expected, reinforcing the thesis that AMD’s CPU + GPU portfolio can capture a meaningful share of AI infrastructure spend. Read More.
• Neutral Sentiment: Macro/tailwind context — Broader market drivers (Iran ceasefire headlines and falling oil) and sector rotation into semiconductors magnified AMD’s move, so part of the rally is liquidity/flow-driven rather than company‑specific. Read More.
• Neutral Sentiment: ETF and sector crowding — ETFs with heavy semiconductor exposure (SOXX/SMH/FTXL) are benefitting from AMD’s run; that brings more capital but also concentration risk. Read More.
• Negative Sentiment: Valuation and “priced‑for‑perfection” risk — After a sharp run, several commentators warn AMD is richly valued and overbought; investors face sell‑the‑news/mean‑reversion risk if future quarters or supply limits disappoint. Read More.
• Negative Sentiment: Execution and margin caveats — Management flagged supply/pricing dynamics (memory pricing, potential PC/gaming pressure) and there is visible insider selling history that some investors monitor as a governance/sentiment concern. Read More.

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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