Advanced Micro Devices (NASDAQ:AMD) Stock Keeps “Outperform” Rating at Wedbush

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “outperform” rating reiterated by Wedbush in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $600.00 price target on the semiconductor manufacturer’s stock. Wedbush’s target price indicates a potential upside of 11.51% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Weiss Ratings raised Advanced Micro Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Stifel Nicolaus upped their price target on Advanced Micro Devices from $635.00 to $700.00 and gave the company a “buy” rating in a report on Monday, October 5th. DA Davidson increased their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. BMO Capital Markets began coverage on Advanced Micro Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $603.51.

Advanced Micro Devices Stock Up 1.8%

Shares of NASDAQ:AMD opened at $538.05 on Tuesday. The company has a market cap of $878.35 billion, a PE ratio of 138.32, a P/E/G ratio of 5.43 and a beta of 2.45. Advanced Micro Devices has a 1 year low of $188.22 and a 1 year high of $658.52. The stock’s 50-day moving average is $538.39 and its 200 day moving average is $476.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The firm’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. Sell-side analysts anticipate that Advanced Micro Devices will post 6.49 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa Su sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the sale, the chief executive officer directly owned 74,211 shares of the company’s stock, valued at $37,609,392.69. The trade was a 25.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the sale, the executive vice president owned 353,317 shares of the company’s stock, valued at approximately $191,038,501.90. This represents a 4.66% 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 quarter, insiders have sold 231,100 shares of company stock worth $114,867,400. Insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds have recently added to or reduced their stakes in AMD. BlackRock Inc. increased its position in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after buying an additional 4,535,126 shares in the last quarter. State Street Corp raised its stake in Advanced Micro Devices by 2.9% in the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock valued at $46,606,266,000 after buying an additional 2,149,563 shares during the last quarter. Bank of America Corp DE acquired a new stake in Advanced Micro Devices in the second quarter worth about $7,022,226,000. Jennison Associates LLC boosted its holdings in Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after acquiring an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Advanced Micro Devices by 33.9% during the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after acquiring an additional 2,365,419 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices News Roundup

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

• Negative Sentiment: AI spending concerns weigh on chip stocks: AMD, Nvidia and Intel were lower in premarket trading as fears resurfaced that delayed data-center projects, leverage among AI infrastructure providers and financing challenges could slow the AI investment cycle. Nvidia, AMD and Intel stocks fall again in premarket
• Negative Sentiment: High valuation increases volatility: With AMD trading at a very elevated earnings multiple after a significant 2026 rally, investors may be demanding stronger evidence that revenue and profit growth can catch up with expectations. Analysts have also raised concerns about margin pressure and the risks of a broader AI sell-off. AMD downgrade analysis
• Negative Sentiment: Fund-flow pressure: Reports that exchange-traded funds were net sellers of AMD add to near-term selling pressure, although such flows can reflect portfolio rebalancing rather than a change in long-term fundamentals.
• Neutral Sentiment: Executive stock sale: EVP Forrest Norrod sold 17,262 shares for approximately $9.3 million under a pre-arranged Rule 10b5-1 plan. He retained 353,317 shares, limiting the significance of the transaction as an outlook signal.
• Positive Sentiment: Analyst and earnings support: TD Cowen reiterated a Buy rating with a $675 price target, citing potential agentic-AI demand and roughly 70% growth in AMD CPU sales next year. AMD is also expected to report approximately $13 billion in third-quarter revenue, up about 41% year over year, ahead of its anticipated November 3 results. Why AMD Stock Popped on Monday
• Positive Sentiment: Long-term growth case remains intact: Coverage continues to point to AMD’s exposure to data centers, AI accelerators, PCs, gaming and high-performance computing. Some investors view the semiconductor pullback as a temporary reset while hyperscaler infrastructure spending continues. Stocks with sticky demand during the AI sell-off

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.