Advanced Micro Devices (NASDAQ:AMD) Given New $500.00 Price Target at Bank of America

Advanced Micro Devices (NASDAQ:AMD) had its target price lifted by Bank of America from $450.00 to $500.00 in a research note published on Wednesday morning, MarketBeat.com reports. Bank of America currently has a buy rating on the semiconductor manufacturer’s stock.

AMD has been the subject of a number of other research reports. The Goldman Sachs Group upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and raised their price objective for the company from $240.00 to $450.00 in a research report on Wednesday, May 6th. Raymond James Financial began coverage on Advanced Micro Devices in a research report on Wednesday, May 6th. They set a “market perform” rating for the company. Wolfe Research initiated coverage on shares of Advanced Micro Devices in a report on Wednesday, May 6th. They issued a “peer perform” rating for the company. Wedbush lifted their price target on Advanced Micro Devices from $290.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, Zacks Research upgraded Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $396.95.

Advanced Micro Devices Trading Down 0.6%

Shares of Advanced Micro Devices stock opened at $445.50 on Wednesday. The firm has a market cap of $726.43 billion, a price-to-earnings ratio of 146.07, a PEG ratio of 1.34 and a beta of 2.40. The business has a 50-day moving average price of $263.87 and a 200-day moving average price of $237.84. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. Advanced Micro Devices has a twelve month low of $107.67 and a twelve month high of $469.21.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Equities research analysts anticipate that Advanced Micro Devices will post 6.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 85,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the completion of the transaction, the chief executive officer owned 3,146,006 shares in the company, valued at approximately $625,331,612.62. This trade represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 transaction of $10,962,000.00. Following the completion of the sale, the executive vice president directly owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. The trade was a 2.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 184,598 shares of company stock worth $49,955,566. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently added to or reduced their stakes in AMD. Joseph Group Capital Management bought a new stake in Advanced Micro Devices in the fourth quarter worth about $25,000. Koesten Hirschmann & Crabtree INC. lifted 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 worth $26,000 after purchasing an additional 61 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new stake in Advanced Micro Devices in the fourth quarter worth about $27,000. Cornerstone Financial Management LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth about $27,000. Finally, Basepoint Wealth LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth about $30,000. Institutional investors own 71.34% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Mizuho raised its AMD price target to $515 and kept an Outperform rating, citing strong agentic AI server demand. Mizuho Just Hiked AMD Price Target to $515: Agentic AI Server Demand Powers the Bull Case
• Positive Sentiment: Bank of America lifted its AMD target to $500, reinforcing the bullish view that AI infrastructure spending is still driving upside for the stock. Top Bank of America Analyst Raises AMD Stock Price Target – Here’s Why
• Positive Sentiment: AMD’s strong Q1 beat and record data-center revenue continue to fuel optimism around its AI growth story. Massive News for AMD Stock Investors
• Positive Sentiment: New commentary highlighted AMD’s AI deals with Meta Platforms and OpenAI, suggesting long-term demand for its next-generation MI450 chips. AMD MI450 AI Deals With Meta And OpenAI Test Rich Valuation
• Neutral Sentiment: Northland Securities raised several forward earnings estimates for AMD but kept a Market Perform rating and a $260 target, showing the Street is still divided on valuation.
• Negative Sentiment: Some reports warn that AMD and the broader chip sector may be vulnerable to profit-taking after a parabolic rally.
• Negative Sentiment: Recent insider selling has kept some investors cautious despite the strong AI-driven momentum.

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.