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

Key Points

• TD Cowen raised its price target on AMD to $500 and maintained a "buy" rating, joining several brokers in lifting targets as the consensus price target sits at $382.76 with most analysts rated "buy."
• AMD shares surged ~17.7% to $418 after beating Q1 estimates (EPS $1.37 vs. $1.29; revenue $10.25B vs. $9.90B) and issuing bullish AI/data‑center guidance, driving its market cap to about $681.6B and a high P/E of 157.77.
• Insider selling of roughly 304,672 shares (~$70.1M) and analyst warnings about valuation/overbought technicals suggest potential short‑term volatility despite stronger fundamentals.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its target price increased by analysts at TD Cowen from $290.00 to $500.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor manufacturer's stock. TD Cowen's price target points to a potential upside of 19.59% from the company's current price.

Several other analysts also recently commented on the company. DA Davidson raised their price objective on Advanced Micro Devices from $375.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday. China Renaissance initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, January 13th. They set a "buy" rating and a $291.00 target price on the stock. Sanford C. Bernstein upgraded shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and upped their price target for the company from $265.00 to $525.00 in a report on Wednesday. Rosenblatt Securities boosted their price objective on shares of Advanced Micro Devices from $300.00 to $490.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Wall Street Zen raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $382.76.

Advanced Micro Devices Trading Up 17.7%

AMD traded up $62.83 during mid-day trading on Wednesday, reaching $418.09. The stock had a trading volume of 70,949,033 shares, compared to its average volume of 39,293,227. The firm's fifty day simple moving average is $235.61 and its two-hundred day simple moving average is $229.21. The stock has a market capitalization of $681.63 billion, a P/E ratio of 157.77, a P/E/G ratio of 1.23 and a beta of 2.40. Advanced Micro Devices has a 52 week low of $96.88 and a 52 week high of $430.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion for 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%.The firm's quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. On average, equities analysts predict that Advanced Micro Devices will post 5.82 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 31,320 shares of the company's stock in a transaction dated 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 owned 1,236,037 shares of the company's stock, valued at $432,612,950. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company'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 directly owned 289,098 shares of the company's stock, valued at approximately $62,679,337.38. This trade represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 304,672 shares of company stock worth $70,135,070 over the last quarter. Company insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of large investors have recently modified their holdings of AMD. Joseph Group Capital Management bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $27,000. Sarver Vrooman Wealth Advisors bought a new stake in Advanced Micro Devices during the 4th quarter worth $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, Wilkerson Advisory Group LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at approximately $33,000. 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: Beat-and-raise results + strong AI/data‑center guidance: AMD reported Q1 revenue and EPS above estimates and guided Q2 revenue well above Street expectations, signaling accelerating AI-driven server demand that’s re‑rating the stock. AMD forecast sparks AI-driven rally
• Positive Sentiment: Wall Street upgrades and price‑target lifts: Multiple brokers raised ratings and targets (including double‑digit hikes from Goldman, Susquehanna, Rosenblatt, KeyBanc and others), amplifying buy‑side confidence and supporting momentum. Wall Street piled into AMD
• Positive Sentiment: Management framing and TAM expansion: CEO Lisa Su emphasized a broad CPU/GPU portfolio to meet diverse data‑center needs and reiterated a much larger server CPU TAM (>$120B by 2030), which supports multi‑year revenue visibility. Lisa Su on diverse offerings
• Positive Sentiment: Foundry/capacity progress: Reports of improved TSMC capacity allocation for AMD chips remove a key supply constraint and support the company’s ability to meet fast‑growing cloud orders. TSMC capacity win
• Neutral Sentiment: Market tailwinds: Broader risk‑on forces (e.g., improving geopolitics and lower oil) boosted indices and helped amplify AMD’s move alongside other semis; this is a timing/flow factor rather than company‑specific. Nasdaq futures rally
• Negative Sentiment: Valuation and downgrade voices: Some analysts (HSBC and others) warned the stock is priced for perfection and flagged limited near‑term upside or production limits — a reason for profit‑taking or more cautious positioning after the run. HSBC downgrade flags valuation concerns
• Negative Sentiment: Technical/insider concerns: Media and data services note overbought RSI and heavy insider sales / well‑timed political and institutional trading activity — factors that could increase short‑term volatility even as fundamentals improve. RSI danger zone QuiverQuant insider & flows

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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