Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $700.00 at Rosenblatt Securities

Advanced Micro Devices (NASDAQ:AMD) had its target price hoisted by analysts at Rosenblatt Securities from $665.00 to $700.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price objective points to a potential upside of 45.21% from the stock’s current price.

A number of other research firms have also weighed in on AMD. Cantor Fitzgerald reiterated an “overweight” rating and issued a $700.00 price target on shares of Advanced Micro Devices in a research report on Wednesday. Oppenheimer downgraded shares of Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a report on Wednesday, May 6th. Melius Research set a $660.00 price target on Advanced Micro Devices in a report on Friday, July 24th. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, UBS Group reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $540.30.

Advanced Micro Devices Stock Down 7.0%

AMD opened at $482.05 on Thursday. Advanced Micro Devices has a 1-year low of $149.22 and a 1-year high of $584.73. The firm’s 50 day simple moving average is $515.79 and its two-hundred day simple moving average is $356.42. 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 company has a market capitalization of $786.03 billion, a PE ratio of 123.92 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.52% and a net margin of 15.58%.The company had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same period last year, the firm earned $0.48 EPS. Advanced Micro Devices’s revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, equities analysts forecast that Advanced Micro Devices will post 6.27 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 125,000 shares of the company’s 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 sale, the chief executive officer directly owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This represents a 4.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 that occurred on Monday, June 15th. The stock was 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 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 310,310 shares of company stock worth $141,185,456. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors have recently made changes to their positions in the company. Joseph Group Capital Management purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at $25,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $27,000. Cornerstone Financial Management LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $30,000. Finally, Graney & King LLC purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at approximately $31,000. Institutional investors own 71.34% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD reported record second-quarter revenue of $11.54 billion, up 50.1% year over year, and adjusted EPS of $1.66, beating analyst estimates. Data Center revenue more than doubled to approximately $6.7 billion, while gross margin expanded to about 56%. AMD forecasts upbeat revenue on AI data-center demand, beats quarterly estimates
• Positive Sentiment: Management issued third-quarter revenue guidance of $12.7 billion to $13.3 billion, above the roughly $12.4 billion consensus, and said Data Center revenue could more than double in 2027 as its Helios AI platform ramps. AMD tops Q2 earnings estimates and provides strong outlook
• Positive Sentiment: Several analysts maintained bullish ratings or raised price targets, citing accelerating data-center demand, server CPU growth and the long-term AI opportunity. Goldman Sachs maintained a Buy rating and a $640 target, while other targets included $600 and $700. Why Wall Street Just Raised Its Price Target on AMD
• Neutral Sentiment: The earnings reaction reflects a “good, but not good enough” setup: AMD beat formal estimates, but investors wanted a much larger AI revenue trajectory, faster margin expansion and clearer evidence that Helios can narrow Nvidia’s lead.
• Negative Sentiment: Higher capital spending for AI and data-center expansion raised concerns that growth will require substantial investment and could limit near-term profitability. AMD’s valuation—already demanding after a substantial year-to-date rally—left little room for a modest upside surprise. 3 reasons AMD’s stock is falling in the face of its latest earnings report
• Negative Sentiment: Competitive concerns intensified after Elon Musk said SpaceX would use Nvidia chips exclusively for future AI infrastructure, highlighting Nvidia’s stronger customer position. Separately, a weak SanDisk outlook pressured AI and memory-chip stocks broadly. Why Nvidia, Micron and AMD are down after SanDisk shock
• Negative Sentiment: Short interest reached a two-week high as traders bet the post-earnings weakness may persist in the near term, adding pressure to AMD shares despite the company’s strong operating results. AMD stock short volume hits two-week high

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.