Advanced Micro Devices (NASDAQ:AMD) Stock Rating Reaffirmed as Outperform by Wedbush

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Wedbush in a research note issued on Tuesday, Benzinga reports. They presently have a $600.00 price objective on the semiconductor manufacturer’s stock. Wedbush’s target price suggests a potential upside of 11.51% from the stock’s current price.

AMD has been the subject of several other research reports. Raymond James Financial raised shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $565.00 to $641.00 in a research report on Tuesday, August 25th. Benchmark lifted their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Cantor Fitzgerald reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Monday, October 5th. DA Davidson upped their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently 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 current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The firm has a market cap of $878.35 billion, a price-to-earnings ratio of 138.32, a PEG ratio of 5.43 and a beta of 2.45. The stock’s 50-day moving average price is $538.39 and its two-hundred day moving average price is $476.52. Advanced Micro Devices has a 12-month low of $188.22 and a 12-month high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data 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 the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 EPS. On average, research analysts forecast that Advanced Micro Devices will post 6.49 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 70,000 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the completion of the sale, the chief executive officer directly owned 3,032,156 shares in the company, valued at approximately $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 accessible through the SEC website. 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 dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the transaction, the executive vice president directly owned 353,317 shares in the company, valued at $191,038,501.90. This trade 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. In the last 90 days, insiders have sold 231,100 shares of company stock worth $114,867,400. 0.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMD. Bank of America Corp DE purchased a new position in shares of Advanced Micro Devices in the second quarter valued at $7,022,226,000. BlackRock Inc. increased its stake 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 worth $87,311,650,000 after buying an additional 4,535,126 shares during the period. Jupiter Topco LLC purchased a new stake in Advanced Micro Devices during the 2nd quarter worth $2,084,651,000. Wellington Management Group LLP lifted its holdings in Advanced Micro Devices by 33.9% in the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after buying an additional 2,365,419 shares in the last quarter. Finally, State Street Corp lifted its holdings in 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 buying an additional 2,149,563 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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

About Advanced Micro Devices

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.