The Goldman Sachs Group Forecasts Strong Price Appreciation for Advanced Micro Devices (NASDAQ:AMD) Stock

Advanced Micro Devices (NASDAQ:AMD) had its price objective raised by equities research analysts at The Goldman Sachs Group from $210.00 to $240.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor manufacturer’s stock. The Goldman Sachs Group’s price target points to a potential upside of 12.86% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Wedbush reissued an “outperform” rating and set a $290.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. Stifel Nicolaus increased their price target on Advanced Micro Devices from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Phillip Securities upgraded Advanced Micro Devices from a “moderate buy” rating to a “strong-buy” rating in a report on Sunday, February 8th. Robert W. Baird set a $300.00 price target on Advanced Micro Devices in a research note on Wednesday, November 5th. Finally, Loop Capital set a $290.00 price objective on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $290.53.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $1.18 on Wednesday, reaching $212.66. The stock had a trading volume of 23,135,413 shares, compared to its average volume of 40,267,230. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $346.72 billion, a P/E ratio of 80.20, a price-to-earnings-growth ratio of 0.74 and a beta of 1.94. Advanced Micro Devices has a 1-year low of $76.48 and a 1-year high of $267.08. The stock has a fifty day moving average price of $219.55 and a 200-day moving average price of $207.81.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. The company had revenue of $10.27 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 34.1% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. Research analysts forecast that Advanced Micro Devices will post 3.87 EPS for the current year.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the company’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 transaction, the executive vice president directly owned 289,098 shares of the company’s stock, valued at $62,679,337.38. This represents a 6.30% 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. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $214.36, for a total value of $26,795,000.00. Following the completion of the sale, the chief executive officer directly owned 3,152,476 shares in the company, valued at approximately $675,764,755.36. This represents a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 271,892 shares of company stock worth $58,476,908 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $4,929,312,000. Jennison Associates LLC grew its holdings in shares of Advanced Micro Devices by 181.6% in the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock valued at $2,336,552,000 after acquiring an additional 7,035,991 shares in the last quarter. Cardano Risk Management B.V. bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $1,000,783,000. Wellington Management Group LLP increased its position in shares of Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after acquiring an additional 3,735,807 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings 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 in the last quarter. 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: Meta committed to deploy up to 6 gigawatts of AMD Instinct GPUs over multiple years and could buy as much as ~10% of AMD via warrants — a multi‑year revenue stream and strategic customer validation that pushed investor sentiment and price targets higher. AMD clinches second mega chip supply deal, this time with Meta
• Positive Sentiment: Several Wall Street analysts raised ratings/targets and reiterated Buy calls after the Meta deal, citing clearer AI revenue visibility and multi‑year data center growth that justify higher multiples. AMD Buy Rating Driven by Underappreciated Meta 6GW AI Accelerator Deal…
• Neutral Sentiment: Some analysts adopt a balanced stance: the Meta pact materially uplifts revenue visibility but execution risk (ramp/timing, product mix, margin impact) and the warrant structure mean upside is meaningful but not risk‑free. Balanced View on AMD: AI Partnership Upside Offset by Execution Risk…
• Negative Sentiment: Competitive pressure from Nvidia remains a key headwind — Nvidia’s upcoming Vera Rubin system (and continued hyperscaler relationships) could limit AMD’s share gains and compress long‑term pricing power in AI infrastructure. Nvidia (NVDA) Counters AMD and Big Tech with Vera Rubin AI System
• Negative Sentiment: Some market commentators flag the Meta deal’s equity‑linked/warrant structure as a dilution risk and describe the arrangement as “circular commerce” that could limit net proceeds to AMD unless milestones are met. That concern is tempering the rally for more cautious investors. Meta Deal ‘Wildly Concerning’ For AMD Stock, Says Rick Heitzmann
• Negative Sentiment: Technicals also matter: technical analysts flagged a possible double‑top pattern, signaling further near‑term downside risk if momentum fades and profit‑taking resumes after the headline rally. AMD Faces Further Downside After Double-Top Signal

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.