Royal Bank Of Canada Forecasts Strong Price Appreciation for Advanced Micro Devices (NASDAQ:AMD) Stock

Key Points

• Royal Bank of Canada raised its price target on AMD from $230 to $325 but kept a "sector perform" rating, a target that still implies about an 8.9% downside relative to the stock's current ~$356.71 price.
• AMD posted a strong quarter—EPS $1.53 vs. $1.32 estimate and revenue $10.27B vs. $9.65B—but trades at a rich valuation (market cap ~$581.6B, P/E ~134.6) with a consensus "Moderate Buy" and an average analyst target of $300.05.
• Insider selling has been notable: CEO Lisa Su sold 85,000 shares and an EVP sold 31,320, with insiders offloading 304,672 shares (~$70.1M) in the last three months, while institutional investors own about 71.34% of the stock.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price objective boosted by equities research analysts at Royal Bank Of Canada from $230.00 to $325.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "sector perform" rating on the semiconductor manufacturer's stock. Royal Bank Of Canada's price objective points to a potential downside of 8.89% from the company's current price.

AMD has been the topic of a number of other research reports. Mizuho increased their price target on Advanced Micro Devices from $275.00 to $280.00 and gave the company an "outperform" rating in a research note on Wednesday, February 25th. TD Cowen restated a "buy" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Piper Sandler restated an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Wells Fargo & Company restated an "overweight" rating and issued a $345.00 price target on shares of Advanced Micro Devices in a research note on Friday, January 30th. Finally, Truist Financial set a $283.00 price target on Advanced Micro Devices in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $300.05.

Advanced Micro Devices Stock Up 0.6%

Shares of NASDAQ AMD traded up $2.22 during trading hours on Friday, hitting $356.71. The company had a trading volume of 15,400,482 shares, compared to its average volume of 38,381,535. The stock has a market capitalization of $581.56 billion, a P/E ratio of 134.62, a price-to-earnings-growth ratio of 1.21 and a beta of 1.96. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04. Advanced Micro Devices has a 1-year low of $96.88 and a 1-year high of $358.24. The firm's 50 day moving average is $232.51 and its 200-day moving average is $228.24.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, beating the consensus estimate of $1.32 by $0.21. The company 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%.The firm's revenue for the quarter was up 34.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. On average, analysts expect that Advanced Micro Devices will post 5.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 85,000 shares of Advanced Micro Devices stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the completion of the transaction, the chief executive officer directly owned 3,146,006 shares of the company's stock, valued at $625,331,612.62. The trade was a 2.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm's stock in a transaction on Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the transaction, the executive vice president owned 1,236,037 shares in the company, valued at $432,612,950. The trade was a 2.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 304,672 shares of company stock worth $70,135,070. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer's stock valued at $33,949,256,000 after purchasing an additional 2,525,109 shares in the last quarter. State Street Corp raised its stake in Advanced Micro Devices by 1.5% in the fourth quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer's stock valued at $16,044,712,000 after purchasing an additional 1,094,835 shares in the last quarter. Geode Capital Management LLC grew its position in Advanced Micro Devices by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer's stock valued at $8,015,897,000 after acquiring an additional 287,525 shares during the last quarter. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter valued at about $4,929,312,000. Finally, Price T Rowe Associates Inc. MD grew its position in Advanced Micro Devices by 0.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer's stock valued at $4,352,864,000 after acquiring an additional 55,969 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Riot Platforms said AMD doubled contracted data‑center capacity, signaling concrete commercial demand and capacity wins for AMD’s data‑center GPUs/CPUs — a direct revenue catalyst. Riot Platforms (RIOT) Stock Climbs on AMD Partnership and Data Center Pivot
• Positive Sentiment: Analyst bullishness and price‑target lifts ahead of AMD’s May earnings have supported momentum, keeping investor conviction that AMD will capture AI/data‑center spending. AMD Stock Rises After Analyst Hikes Price Target Ahead of Earnings
• Neutral Sentiment: Sector and Nasdaq strength (big monthly gains) are lifting chip names broadly, which helps AMD even if the move is partially cyclical. Nasdaq Composite Takes Off as Tech Bulls Retake Control on Strong Earnings, M&A
• Neutral Sentiment: Media attention and retail interest (Zacks / Yahoo features) are driving flows and volume into AMD ahead of earnings — supports liquidity but can add volatility around the print. Advanced Micro Devices, Inc. (AMD) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Competitive and supply dynamics (TSMC/other chipmakers in buy zones) keep the sector narrative nuanced — strong demand but constrained supply and timing differences across suppliers. TSM Stock Bolts Into A Buy Zone With AI Trade Back In Focus
• Negative Sentiment: Schwab warns of an “overhead supply” risk after a ~50% chip‑sector rally from March lows — a call for caution that can trigger profit‑taking in fast‑rising names like AMD. Schwab Analyst: Chip Stocks Face ‘Overhead Supply' Risk After 50% Rally Off March Lows
• Negative Sentiment: Coverage noting “mixed signals” on near‑term AI demand and bank caution ahead of earnings is producing short‑term volatility and explains today’s pullback as traders trim positions before the May 5 report. What Is Going On With AMD Stock On Friday?

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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