Advanced Micro Devices (NASDAQ:AMD) Trading Up 5.7% – Time to Buy?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 5.7% during mid-day trading on Thursday . The stock traded as high as $559.50 and last traded at $546.72. Approximately 26,689,422 shares were traded during trading, a decline of 28% from the average session volume of 37,226,484 shares. The stock had previously closed at $517.41.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD gained momentum after Goldman Sachs lifted its price target to $640 and other firms reiterated bullish views, reinforcing the case for continued AI-related growth. Goldman Sachs raises AMD stock price target for the rest of 2026 on surging agentic AI CPU demand
• Positive Sentiment: AMD’s CTO said the industry is underestimating a “CPU renaissance,” arguing that agentic AI will increase demand for central processing units, which could support AMD’s server and data-center opportunity. Intel vs AMD stock: which one is better positioned for a CPU renaissance?
• Positive Sentiment: News that AMD will report fiscal Q2 2026 results on August 4 is helping keep traders focused on the next earnings catalyst, especially after the company recently beat expectations in its prior quarter. AMD to Report Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Broader chip-sector strength is also lifting AMD, as investors rotate back into AI hardware names after a recent pullback in semiconductor shares. Micron, AMD, Intel surge premarket: why chip stocks are roaring back
• Neutral Sentiment: Analysts remain split on valuation, with some saying AMD’s rally has gone far and others warning that new Intel products could limit upside. The Motor Driving AMD’s Stock Rise Is Set to Stall
• Negative Sentiment: Bearish commentary and short bets on AI chipmakers, including AMD, are adding a note of caution around stretched semiconductor valuations. Big Short fame Michael Burry is betting against Nvidia, AMD, Micron and other chipmakers. Is a massive AI crash coming?

Wall Street Analyst Weigh In

AMD has been the topic of several analyst reports. Wedbush boosted their price objective on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Bank of America raised their target price on Advanced Micro Devices from $500.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Raymond James Financial began coverage on Advanced Micro Devices in a report on Wednesday, May 6th. They set a “market perform” rating on the stock. Cantor Fitzgerald increased their price target on Advanced Micro Devices from $500.00 to $700.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Finally, Northland Securities restated a “market perform” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a research report on Monday, April 27th. Two 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $453.92.

Advanced Micro Devices Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The business has a 50 day moving average price of $482.72 and a 200-day moving average price of $314.89. The company has a market capitalization of $891.48 billion, a price-to-earnings ratio of 179.25, a P/E/G ratio of 1.52 and a beta of 2.47.

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 return on equity of 9.55% and a net margin of 13.37%.The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The firm’s revenue was up 37.8% on a year-over-year basis. Research analysts predict that Advanced Micro Devices, Inc. will post 6.15 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 6,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the transaction, the executive vice president 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares in the company, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 374,739 shares of company stock worth $161,135,671. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently made changes to their positions in the stock. Shira Ridge Wealth Management bought a new position in Advanced Micro Devices in the second quarter worth approximately $360,000. World Equity Group Inc. increased its holdings in shares of Advanced Micro Devices by 13.2% during the second quarter. World Equity Group Inc. now owns 5,803 shares of the semiconductor manufacturer’s stock valued at $3,371,000 after acquiring an additional 678 shares in the last quarter. Wealthcare Capital Management LLC acquired a new position in shares of Advanced Micro Devices during the second quarter worth approximately $242,000. Pettinga Financial Advisors LLC acquired a new position in shares of Advanced Micro Devices during the second quarter worth approximately $206,000. Finally, Alliance Wealth Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 2.0% in the 2nd quarter. Alliance Wealth Advisors LLC now owns 2,554 shares of the semiconductor manufacturer’s stock worth $1,484,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.