Advanced Micro Devices (NASDAQ:AMD) Shares Up 8.1% After Analyst Upgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price shot up 8.1% during trading on Tuesday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The company traded as high as $548.14 and last traded at $544.43. Approximately 27,758,728 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 36,535,055 shares. The stock had previously closed at $503.57.

AMD has been the subject of a number of other reports. HSBC downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and increased their target price for the stock from $335.00 to $340.00 in a research note on Monday, May 4th. UBS Group reaffirmed a “buy” rating and set a $700.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 15th. Benchmark increased their price objective on Advanced Micro Devices from $325.00 to $485.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Morgan Stanley raised their target price on Advanced Micro Devices from $360.00 to $410.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Raymond James Financial initiated coverage on shares of Advanced Micro Devices in a report on Wednesday, May 6th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $468.65.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 6,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the sale, the executive vice president directly owned 1,233,687 shares in the company, valued at $661,663,348.71. The trade was a 0.48% decrease in their position. 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 the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the sale, the chief executive officer directly owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. The trade was a 4.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 341,630 shares of company stock worth $152,147,456. 0.50% of the stock is owned by company insiders.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD’s expanded Microsoft Azure partnership should increase demand for Helios AI systems, EPYC CPUs, and networking products, improving the company’s multi-year AI revenue outlook.
• Positive Sentiment: Investors are positioning ahead of AMD’s Advancing AI 2026 event, where new product launches and customer announcements could provide another catalyst for the stock.
• Positive Sentiment: Analyst coverage and elevated price targets remain supportive, reflecting optimism that AMD’s AI and data center business can keep growing quickly.
• Neutral Sentiment: The upcoming August 4 earnings report is keeping attention on whether AMD can maintain its recent AI-driven growth and margin profile.
• Negative Sentiment: Some commentary points to AMD’s premium valuation and heavy insider selling as risks if execution on its AI rollout disappoints.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds have recently bought and sold shares of AMD. Joseph Group Capital Management acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices in the 4th quarter valued at about $27,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $27,000. Basepoint Wealth LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, Graney & King LLC acquired a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 8.1%

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The firm has a market cap of $887.75 billion, a price-to-earnings ratio of 178.50, a price-to-earnings-growth ratio of 1.43 and a beta of 2.47. The business’s 50-day moving average price is $504.79 and its two-hundred day moving average price is $332.48.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same period in the previous year, the company earned $0.96 EPS. Advanced Micro Devices’s revenue for the quarter was up 37.8% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices, Inc. will post 6.26 earnings per share for the current year.

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.