Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 8% Following Analyst Upgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares shot up 8% on Thursday after Bank of America raised their price target on the stock from $500.00 to $560.00. Bank of America currently has a buy rating on the stock. Advanced Micro Devices traded as high as $490.46 and last traded at $488.45. 30,232,055 shares were traded during mid-day trading, a decline of 21% from the average session volume of 38,297,813 shares. The stock had previously closed at $452.40.

Several other brokerages have also weighed in on AMD. Barclays increased their target price on Advanced Micro Devices from $500.00 to $665.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Citigroup increased their target price on Advanced Micro Devices from $358.00 to $460.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. 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, Wells Fargo & Company increased their target price on Advanced Micro Devices from $345.00 to $505.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $421.49.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the completion of the sale, the chief executive officer directly owned 3,021,899 shares in the company, valued at $1,346,286,223.49. This trade represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 247,032 shares of company stock valued at $101,072,366. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Bank of America raised its price target on AMD to $560 from $500 and reiterated a Buy, calling AMD a top CPU pick as agentic AI workloads are expected to drive much more demand for server chips. Article Title
• Positive Sentiment: Reports that leaked Zen 6 CPU specs point to 6.5 GHz speeds added to optimism that AMD can keep improving performance and gain share in high-end PCs and servers. Article Title
• Positive Sentiment: Several analysts reiterated bullish views, including Erste Group, which lifted earnings estimates for FY2026 and FY2027, reinforcing the idea that AMD’s AI/data-center growth is still accelerating. Article Title
• Positive Sentiment: Bank of America’s broader note on a roughly $170 billion agentic-AI server-CPU opportunity lifted sentiment across semiconductor stocks, including AMD, because it suggests a larger addressable market for the company’s EPYC and Instinct products. Article Title
• Neutral Sentiment: Some market commentary highlights that AMD’s valuation has risen much faster than the operating outlook, with one note calling the stock a hold above $475 and warning that expectations are already very high. Article Title
• Negative Sentiment: There are also reports of recent retail selling in AMD and other AI winners as investors raised cash for the SpaceX IPO, which may be creating short-term pressure on the shares. Article Title
• Negative Sentiment: In addition, several articles from the prior day pointed to a broader chip-sector pullback and concerns about valuation, circular-financing risk, and momentum-stock rotation, which help explain why AMD had been under pressure before today’s rebound. Article Title

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Advanced Micro Devices by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after purchasing an additional 2,525,109 shares in the last quarter. State Street Corp grew its stake in Advanced Micro Devices by 1.5% in the fourth quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer’s stock worth $16,044,712,000 after purchasing an additional 1,094,835 shares in the last quarter. Geode Capital Management LLC grew its stake in Advanced Micro Devices by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock worth $8,015,897,000 after purchasing an additional 287,525 shares in the last quarter. Norges Bank acquired a new position in Advanced Micro Devices in the fourth quarter worth about $4,929,312,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Advanced Micro Devices by 0.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer’s stock worth $4,352,864,000 after purchasing an additional 55,969 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 8.0%

The firm has a market capitalization of $796.47 billion, a price-to-earnings ratio of 160.15, a P/E/G ratio of 1.40 and a beta of 2.50. The stock has a 50 day moving average of $374.69 and a 200 day moving average of $270.50. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

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 company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. Advanced Micro Devices’s quarterly revenue was up 37.8% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 6.2 earnings per share 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.