Advanced Micro Devices (NASDAQ:AMD) Given New $500.00 Price Target at Susquehanna

Advanced Micro Devices (NASDAQ:AMD) had its target price hoisted by stock analysts at Susquehanna from $450.00 to $500.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “positive” rating on the semiconductor manufacturer’s stock. Susquehanna’s price objective suggests a potential upside of 2.46% from the company’s previous close.

Several other equities research analysts also recently commented on AMD. Citigroup upgraded Advanced Micro Devices from a “market perform” rating to a “buy” rating in a report on Wednesday, July 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $700.00 price target on shares of Advanced Micro Devices in a research report on Friday, July 24th. Northland Securities restated a “market perform” rating and set a $260.00 price target on shares of Advanced Micro Devices in a research note on Monday, April 27th. BTIG Research raised shares of Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Advanced Micro Devices from $505.00 to $615.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $529.46.

Advanced Micro Devices Stock Up 13.6%

Shares of NASDAQ AMD traded up $58.45 during trading on Thursday, hitting $488.01. 24,328,372 shares of the company traded hands, compared to its average volume of 36,207,836. The firm has a market capitalization of $795.75 billion, a price-to-earnings ratio of 160.09 and a beta of 2.47. The business’s fifty day moving average is $514.54 and its 200 day moving average is $346.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. Advanced Micro Devices has a fifty-two week low of $149.22 and a fifty-two week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $9.90 billion. During the same period in the previous year, the company posted $0.96 EPS. The firm’s revenue was up 37.8% compared to the same quarter last year. Equities research analysts predict that Advanced Micro Devices will post 6.27 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. The trade was a 5.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the sale, the chief executive officer owned 2,896,899 shares of the company’s stock, valued at $1,334,572,400.31. This trade represents a 4.14% 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. Insiders sold a total of 310,310 shares of company stock valued at $141,185,456 in the last ninety days. Insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently made changes to their positions in the company. Joseph Group Capital Management purchased a new stake in Advanced Micro Devices in the 4th quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $27,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $30,000. Finally, Graney & King LLC bought a new position in Advanced Micro Devices in the 1st quarter worth approximately $31,000. 71.34% of the stock is currently owned by institutional investors.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Core Scientific agreement strengthens AMD’s AI infrastructure position. AMD’s 15-year partnership provides access to more than 500 megawatts of U.S. data-center capacity beginning in 2027, with the potential to expand to 2.5 gigawatts. Bernstein estimates the deal could generate approximately $14 billion in revenue over 15 years, while Wedbush views it as a significant long-term catalyst. Mining For Megawatts: AMD’s Billion-Dollar Grid Grab
• Positive Sentiment: Improving AI demand is supporting the broader chip sector. Microsoft’s stronger-than-expected cloud performance and Lam Research’s results helped ease concerns about slowing AI spending. Analysts also cite new Microsoft and Anthropic relationships, AMD’s expanding data-center business and demand for more powerful CPUs as evidence of a potentially accelerating AI opportunity. Chip stocks rip higher
• Positive Sentiment: Analysts remain constructive ahead of earnings. Wedbush raised its price target to $600, and other analysts maintain substantially higher targets, including a $1,250 outlier from Baird. AMD’s next quarterly report, scheduled for August 4, is viewed as an important catalyst for validating expectations around AI accelerators and data-center growth. Wedbush Sees AMD’s Data Center Business Growing Ahead of Expectations
• Neutral Sentiment: The Nvidia comparison remains unresolved. AMD is increasingly viewed as the leading alternative to Nvidia in AI accelerators, but investors are still debating how much of the hyperscaler buildout will flow to AMD versus Nvidia, custom chips and other suppliers. The Nvidia Vs. AMD Narrative Evolved Again
• Negative Sentiment: Valuation and competitive risks remain significant. Reports tied AMD’s earlier decline to China’s technology advances and warned that the stock’s elevated valuation—around 160 times earnings based on the provided data—leaves limited room for execution disappointments. Recent insider and institutional selling may also add caution ahead of earnings. AMD Fell 8% as China Unveils New Technology

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.