Susquehanna Forecasts Strong Price Appreciation for Advanced Micro Devices (NASDAQ:AMD) Stock

Key Points

• Susquehanna raised its price target on AMD to $450 (from $375) with a "positive" rating, joining several firms that upgraded or lifted targets and leaving the MarketBeat consensus as a Moderate Buy with an average target near $369.78.
• AMD posted a strong Q1 beat (EPS $1.37 vs. $1.29 est., revenue $10.25B vs. $9.90B) and gave robust Q2 revenue guidance ($10.9B–$11.5B), driving a ~15.6% intraday jump to $410.67 and prompting multiple analyst upgrades.
• Analysts and reports flag near‑term risks including a high valuation (PE ~155), potential packaging/CoWoS supply constraints, and recent insider sales and institutional rebalancing that could increase post‑rally volatility.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price target lifted by research analysts at Susquehanna from $375.00 to $450.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "positive" rating on the semiconductor manufacturer's stock. Susquehanna's target price would suggest a potential upside of 9.58% from the stock's current price.

AMD has been the subject of several other research reports. Benchmark restated a "buy" rating and issued a $485.00 price objective (up from $325.00) on shares of Advanced Micro Devices in a report on Wednesday. Truist Financial set a $283.00 price objective on Advanced Micro Devices in a report on Wednesday, February 4th. Seaport Research Partners upgraded shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 target price for the company in a research note on Wednesday. The Goldman Sachs Group upgraded shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and raised their target price for the company from $240.00 to $450.00 in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $369.78.

Advanced Micro Devices Stock Up 15.6%

Shares of NASDAQ AMD traded up $55.41 during mid-day trading on Wednesday, hitting $410.67. The company had a trading volume of 42,234,517 shares, compared to its average volume of 38,918,930. The company has a market capitalization of $669.53 billion, a PE ratio of 155.22, a price-to-earnings-growth ratio of 1.23 and a beta of 2.40. The firm has a 50-day simple moving average of $235.61 and a two-hundred day simple moving average of $229.21. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. Advanced Micro Devices has a one year low of $96.88 and a one year high of $430.60.

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 for the quarter, beating the consensus estimate of $1.29 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $9.90 billion. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.Advanced Micro Devices's revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. On average, equities analysts expect that Advanced Micro Devices will post 5.82 EPS for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of the firm's stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president owned 289,098 shares of the company's stock, valued at $62,679,337.38. This trade represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 304,672 shares of company stock valued at $70,135,070. Company insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds have recently bought and sold shares of AMD. Norges Bank acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $4,929,312,000. Jennison Associates LLC lifted its position in Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock worth $2,336,552,000 after acquiring an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $1,000,783,000. Wellington Management Group LLP lifted its position in Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock worth $784,330,000 after acquiring an additional 3,735,807 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Advanced Micro Devices by 340.1% during the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer's stock worth $1,016,796,000 after acquiring an additional 3,669,054 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Q1 beat and upbeat Q2 guidance — AMD topped EPS and revenue estimates and gave Q2 revenue guidance well above consensus ($10.9B–$11.5B), which triggered the rally as investors lean into AI/data‑center demand. Read More.
• Positive Sentiment: Data‑center momentum and bigger addressable market — CEO Lisa Su flagged massive server CPU and AI opportunity (management now cites a ~$120B addressable server CPU market by 2030), validating the multi‑year growth thesis. Read More.
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms raised targets or upgraded AMD after the print (Goldman, Bernstein, Rosenblatt, DA Davidson, Mizuho, Stifel, Morgan Stanley among others), supporting further upside momentum. Read More.
• Neutral Sentiment: Broader market tailwinds — Optimism around a potential U.S.–Iran deal and risk‑on flows helped tech and futures rally, amplifying AMD’s post‑earnings move. Read More.
• Neutral Sentiment: Ecosystem and partner announcements — New partnerships and customer wins (software/platform integrations and cloud deployments) support long‑term adoption but are incremental to the earnings catalyst. Read More.
• Negative Sentiment: Supply‑chain bottlenecks could cap near‑term upside — Industry checks point to packaging/CoWoS constraints that may limit how quickly AMD can convert demand into shipments, a risk cited by cautious analysts. Read More.
• Negative Sentiment: Valuation and “sell‑the‑news” risk — HSBC and others warned the stock had priced in much of the AI story; the high P/E and recent run create downside if future guidance or execution slips. Read More.
• Negative Sentiment: Notable insider and institutional rebalancing activity — Some large shareholders trimmed positions around the run, which can increase volatility after the rally. 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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