Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.8% Following Analyst Upgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 1.8% during mid-day trading on Monday after Wells Fargo & Company raised their price target on the stock from $615.00 to $700.00. Wells Fargo & Company currently has an overweight rating on the stock. Advanced Micro Devices traded as high as $490.95 and last traded at $484.64. Approximately 24,033,412 shares were traded during trading, a decline of 34% from the average session volume of 36,150,703 shares. The stock had previously closed at $476.15.

Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $540.00 price objective on shares of Advanced Micro Devices in a research note on Friday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday. DA Davidson raised their price target on Advanced Micro Devices from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Needham & Company LLC raised shares of Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $700.00 price objective on shares of Advanced Micro Devices in a research report on Friday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $539.35.

Insider Activity

In other news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on 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 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. This trade represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at $661,663,348.71. This represents a 0.48% decrease in their ownership of the stock. 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 310,310 shares of company stock worth $141,185,456 in the last three months. Corporate insiders own 0.50% of the company’s stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD reported record second-quarter revenue of approximately $11.54 billion, up 50% year over year, while adjusted EPS of $1.66 exceeded consensus expectations. Data-center revenue more than doubled to roughly $6.7 billion, and gross margin expanded to 56%. AMD forecasts upbeat revenue on AI data-center demand
• Positive Sentiment: Management issued third-quarter revenue guidance of $12.7 billion to $13.3 billion, above the roughly $12.4 billion analyst consensus. AMD also expects data-center revenue to accelerate late in 2026 and more than double in 2027 as its Helios AI platform ramps. AMD Q2 Earnings Call Points to Faster Data Center Growth
• Positive Sentiment: Analysts remained broadly constructive: Goldman Sachs maintained a Buy rating and $640 target, while Wedbush and Cantor Fitzgerald reiterated Outperform or Overweight ratings with targets of $600 and $700. AMD Earns Buy Rating as Strong Datacenter Momentum Supports $640 Target
• Positive Sentiment: AMD and Super Micro Computer introduced systems featuring an AMD AI coding tool, while partnerships with Meta, OpenAI and Anthropic could help expand AMD’s software ecosystem and adoption. AMD and Super Micro Computer Team Up on an AI Coding Tool

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently added to or reduced their stakes in the stock. Joseph Group Capital Management purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Sarver Vrooman Wealth Advisors bought a new stake in Advanced Micro Devices during the 4th quarter valued at $27,000. Cornerstone Financial Management LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at $27,000. Basepoint Wealth LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth $30,000. Finally, Graney & King LLC purchased a new stake in shares of Advanced Micro Devices in the 1st quarter worth $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 6.7%

The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $516.06 and a 200-day moving average price of $354.63. The firm has a market cap of $789.16 billion, a P/E ratio of 158.56 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.27 EPS for the current fiscal 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.