Seaport Research Partners Upgrades Advanced Micro Devices (NASDAQ:AMD) to "Buy"

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) was upgraded by investment analysts at Seaport Research Partners from a "neutral" rating to a "buy" rating in a report issued on Wednesday, Marketbeat reports. The firm currently has a $430.00 price target on the semiconductor manufacturer's stock. Seaport Research Partners' price target indicates a potential upside of 21.04% from the company's previous close.

Other equities research analysts also recently issued reports about the company. Wall Street Zen raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Monday, January 26th. TD Cowen reissued a "buy" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. DA Davidson raised Advanced Micro Devices from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $220.00 to $375.00 in a research note on Friday, April 24th. Morgan Stanley increased their price objective on Advanced Micro Devices from $360.00 to $410.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, UBS Group set a $310.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $340.46.

Advanced Micro Devices Trading Up 4.0%

NASDAQ:AMD opened at $355.26 on Wednesday. The stock has a fifty day simple moving average of $235.61 and a 200 day simple moving average of $229.21. The firm has a market capitalization of $579.19 billion, a price-to-earnings ratio of 134.06, a price-to-earnings-growth ratio of 1.23 and a beta of 2.40. 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 $362.79.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The business's revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. Sell-side analysts forecast that Advanced Micro Devices will post 5.82 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the firm's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the completion of the sale, the executive vice president directly owned 289,098 shares of the company's stock, valued at $62,679,337.38. This trade represents a 6.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 1,236,037 shares of the company's stock, valued at $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 304,672 shares of company stock valued at $70,135,070 over the last 90 days. Company insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer's stock valued at $33,949,256,000 after acquiring an additional 2,525,109 shares in the last quarter. State Street Corp raised its stake in shares of Advanced Micro Devices by 1.5% in the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer's stock valued at $16,044,712,000 after acquiring an additional 1,094,835 shares in the last quarter. Geode Capital Management LLC grew its holdings in Advanced Micro Devices by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer's stock valued at $8,015,897,000 after buying an additional 287,525 shares during the last quarter. Norges Bank acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $4,929,312,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Advanced Micro Devices by 0.3% in the 4th 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 buying an additional 55,969 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Q1 beat and bullish guidance — AMD reported above-consensus Q1 results and raised Q2 revenue guidance (roughly $10.9B–$11.5B / ~$11.2B midpoint), driven by a big jump in data-center (AI) sales; that beat-and-raise is the primary catalyst for the rally. Read More.
• Positive Sentiment: AI & data-center demand conviction — Management highlighted strong EPYC/Instinct adoption and secured memory supply for AI deployments, supporting multi‑quarter revenue visibility for server CPUs and accelerators. Read More.
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms raised ratings/targets (Goldman, Truist, Wedbush, Bernstein among others), adding momentum and buy-side conviction after the results. Read More.
• Neutral Sentiment: Macro tailwind — improved risk sentiment from reports of progress toward a U.S.‑Iran deal lifted futures and helped tech names broadly, amplifying AMD’s earnings move. Read More.
• Neutral Sentiment: Partnerships & ecosystem traction — recent cloud and partner announcements (e.g., Zyphra, Riot expansions) validate product wins but are longer‑lead revenue signals rather than immediate upside. Read More.
• Negative Sentiment: Supply‑chain and production constraints — analysts and industry write‑ups flag packaging (CoWoS) bottlenecks and capacity limits that could cap near‑term fulfillment, a key reason some investors remain cautious. Read More.
• Negative Sentiment: Valuation and profit‑taking concerns — HSBC and others flagged valuation/peak expectations ahead of earnings; notable insider/institutional selling and rotations have been reported, creating downside risk if guidance or margins slip. Read More.
• Negative Sentiment: Near‑term margin/price risks — management noted that rising memory/pricing dynamics could pressure PC/gaming end markets even as AI/data‑center revenue accelerates, which investors will watch for in upcoming quarters. 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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