Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $720.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective hoisted by Bank of America from $620.00 to $720.00 in a report released on Friday, Marketbeat Ratings reports. The firm currently has a buy rating on the semiconductor manufacturer’s stock.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets began coverage on shares of Advanced Micro Devices in a research note on Thursday, August 20th. They set an “outperform” rating and a $550.00 target price for the company. Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Roth Capital lifted their price objective on Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Morgan Stanley lifted their target price on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group raised their price target on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a report on Monday, July 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $567.62.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $630.59 on Friday. The company’s fifty day moving average price is $504.35 and its 200-day moving average price is $431.45. The stock has a market cap of $1.03 trillion, a PE ratio of 162.11, a price-to-earnings-growth ratio of 6.54 and a beta of 2.48. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 12 month low of $157.05 and a 12 month high of $639.00.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same period last year, the business earned $0.48 EPS. Advanced Micro Devices’s quarterly revenue was up 50.1% compared to the same quarter last year. On average, equities analysts expect that Advanced Micro Devices will post 6.43 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 70,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the transaction, the chief executive officer owned 3,032,156 shares in the company, valued at $1,536,696,660.80. This represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the transaction, the executive vice president directly owned 160,979 shares in the company, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 213,838 shares of company stock valued at $105,533,836 in the last 90 days. Insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMD. QRG Capital Management Inc. raised its position in Advanced Micro Devices by 15.7% in the second quarter. QRG Capital Management Inc. now owns 287,822 shares of the semiconductor manufacturer’s stock worth $168,236,000 after acquiring an additional 38,976 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Advanced Micro Devices by 37.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,826 shares of the semiconductor manufacturer’s stock valued at $13,445,000 after acquiring an additional 6,227 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Advanced Micro Devices by 33.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,038,346 shares of the semiconductor manufacturer’s stock valued at $649,385,000 after acquiring an additional 257,351 shares during the period. State Street Corp increased its stake in shares of Advanced Micro Devices by 2.9% in the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after purchasing an additional 2,149,563 shares in the last quarter. Finally, Altar Rock LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter worth $405,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

More Advanced Micro Devices News

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

• Positive Sentiment: Bank of America raised its price target from $620 to $720 and maintained a Buy rating. The firm believes AMD’s server CPU total addressable market could nearly triple to $211 billion by 2030 as AI agents increase demand for computing infrastructure. BofA raises AMD target to $720
• Positive Sentiment: Perplexity collaboration supports AMD’s PC AI strategy. New tools are designed to make Perplexity’s AI capabilities easier to run locally on Ryzen-powered PCs, reinforcing the potential for edge AI and personal-agent workloads to drive CPU demand. AMD Stock Rises After Introducing New AI Tools from Perplexity
• Positive Sentiment: AI momentum remains the primary catalyst. Analysts and market commentators point to AMD’s EPYC server CPUs, AI accelerators, Helios rack systems, and potential edge-computing demand as avenues for the company to participate in the broader AI infrastructure cycle. Some forecasts reach $750 per share.
• Positive Sentiment: Technical and industry momentum is attracting buyers. AMD broke above key resistance, while rising demand for AI chips and optimism surrounding CPU makers helped lift semiconductor stocks broadly.
• Neutral Sentiment: AMD’s $1 trillion valuation is both a milestone and a test. The company’s roughly 189% year-to-date advance reflects strong investor enthusiasm, but the milestone means future AI deployments, revenue growth, and margins must meet very high expectations.
• Negative Sentiment: Valuation concerns could limit further upside. Commentary highlights AMD’s high forward earnings multiple and argues that Nvidia remains larger, more profitable, and further ahead in shipping full AI systems. Elevated Treasury yields could also pressure richly valued technology stocks.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.