Wedbush Increases Advanced Micro Devices (NASDAQ:AMD) Price Target to $400.00

Key Points

• Wedbush raised its price target to $400 (from $290) and kept an "outperform" rating, implying roughly a 10.9% upside from the stock's current level.
• AMD reported a strong quarter—EPS $1.53 vs. $1.32 and revenue $10.27B (up 34.1%)—and market momentum from AI/GPU demand has pushed shares near their 52‑week high and attracted multiple price-target upgrades.
• Offsetting the bullish case, there has been notable insider selling (including the CEO and EVP) and high options-implied volatility, signaling elevated short‑term risk despite generally positive analyst sentiment.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price objective hoisted by investment analysts at Wedbush from $290.00 to $400.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the semiconductor manufacturer's stock. Wedbush's target price suggests a potential upside of 10.94% from the company's current price.

A number of other brokerages have also commented on AMD. Stifel Nicolaus lifted their price target on shares of Advanced Micro Devices from $280.00 to $320.00 and gave the stock a "buy" rating in a report on Monday, April 20th. Wells Fargo & Company reiterated an "overweight" rating and set a $345.00 price target on shares of Advanced Micro Devices in a report on Friday, January 30th. UBS Group set a $310.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 4th. Erste Group Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Thursday, April 2nd. Finally, Morgan Stanley cut their price target on shares of Advanced Micro Devices from $260.00 to $255.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $303.84.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $360.54 on Monday. The firm has a market cap of $587.80 billion, a PE ratio of 136.05, a price-to-earnings-growth ratio of 1.30 and a beta of 2.40. The firm's fifty day moving average is $232.51 and its 200-day moving average is $228.39. 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 has a 52 week low of $96.88 and a 52 week high of $362.79.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.21. The company had revenue of $10.27 billion for the quarter, compared to analyst estimates of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. Advanced Micro Devices's revenue was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. Sell-side analysts predict that Advanced Micro Devices will post 5.82 earnings per share for the current year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 31,320 shares of the business's stock in a transaction on Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $214.36, for a total transaction of $26,795,000.00. Following the completion of the sale, the chief executive officer directly owned 3,152,476 shares of the company's stock, valued at approximately $675,764,755.36. This trade represents a 3.81% decrease in their ownership of the stock. 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 in the last three months. Corporate insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Joseph Group Capital Management bought a new stake in Advanced Micro Devices in the fourth quarter valued at $25,000. ORG Wealth Partners LLC increased its stake in Advanced Micro Devices by 39.7% in the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 46 shares in the last quarter. Koesten Hirschmann & Crabtree INC. increased its stake in Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Sarver Vrooman Wealth Advisors bought a new stake in Advanced Micro Devices in the fourth quarter valued at $27,000. Finally, Cornerstone Financial Management LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at $27,000. 71.34% of the stock is owned by institutional investors.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Market lists and sector themes continue to position AMD as a top AI-chip play, supporting demand expectations for GPUs and data-center revenue growth. Top 5 AI Stocks for May 2026: Nvidia (NVDA), AMD, Broadcom Lead Investor Watchlist
• Positive Sentiment: Technical adoption of AMD’s MI300X (ROCm migrations, bug fixes) and bullish trader chatter ahead of earnings add conviction that AI product revenue growth is real and imminent. AMD Stock (AMD) Opinions on Upcoming Earnings Report
• Positive Sentiment: Corporate demand: Riot Platforms’ expansion of AI data-center leases and a broader AMD deal point to incremental, multi-quarter GPU demand outside traditional mining customers. How Riot’s AI Data Center Pivot and Wider AMD Deal May Reshape Riot Platforms (RIOT) Investors
• Positive Sentiment: Momentum: recent strong performance (big April gains) is reinforcing momentum flows and interest from growth-focused funds and retail traders. Why AMD Stock Skyrocketed 74% in April
• Neutral Sentiment: Earnings focus: analysts expect ~33% revenue growth for Q1 and a material beat would justify current multiples; the report also raises near-term trading risk around guidance. AMD Q1 Earnings Preview: Analysts Forecast 33% Growth as Stock Rides AI Wave
• Neutral Sentiment: Options market: traders are pricing in an outsized post-earnings move (very high implied volatility), which increases both upside potential and downside risk for short-term holders. AMD Stock Options Traders Are Pricing In a Whopping $55B Price Swing after Earnings
• Negative Sentiment: Notable selling from high-profile investors: Cathie Wood trimmed a large AMD stake recently, which can sap some retail/institutional momentum and raises questions about near-term positioning. Cathie Wood Sheds Over $70M in AMD Stock, While Wall Street Remains Divided Ahead of Q1 Results
• Negative Sentiment: Heavy insider selling over the past six months (multiple executives selling shares) is a negative governance/flow signal that may pressure sentiment if earnings disappoint. AMD Stock (AMD) Opinions on Upcoming Earnings Report

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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