Advanced Micro Devices (NASDAQ:AMD) Trading 5.2% Higher – Here’s What Happened

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price shot up 5.2% during mid-day trading on Thursday . The stock traded as high as $354.96 and last traded at $354.49. 41,758,057 shares were traded during mid-day trading, an increase of 8% from the average session volume of 38,662,871 shares. The stock had previously closed at $337.11.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Susquehanna bumped its price target and reiterated a bullish thesis — the firm sees server?CPU share gains and an AI?accelerator ramp that could sustain the rally ahead of earnings. Read More.
• Positive Sentiment: Analyst and estimate upgrades are piling up (Erste/DA Davidson and others), lifting FY forecasts and validating the bullish data?center narrative. Read More.
• Positive Sentiment: Big?tech capex signals remain supportive — huge bond demand for Meta’s AI spending and other hyperscaler budgets underpin continued GPU/CPU demand for AMD. Read More.
• Positive Sentiment: Market commentary and flow data show continued rallying and institutional hedging (options buying downside protection but keeping upside exposure), suggesting bullish positioning into earnings. Read More.
• Neutral Sentiment: Insider sale: EVP Mark Papermaster sold shares under a pre?arranged 10b5?1 plan — a liquidity event but not an unexpected signal given the plan. Read More.
• Neutral Sentiment: Near?term catalyst: Q1 earnings (May 5) and management guidance will likely determine whether the rally continues or the recent profit?taking resumes. Street is watching revenue/AI?GPU demand details closely. Read More.
• Negative Sentiment: OpenAI revenue shortfall headlines triggered a sector wobble and earlier AMD pullbacks — investor focus on AI partner spending cadence adds execution risk to the rally. Read More.
• Negative Sentiment: Some sell?side caution and downgrades (e.g., Northland) and profit?taking after a sharp rally keep upside contingent on a clean earnings beat and positive data?center coloration. Read More. Read More.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMD. Jefferies Financial Group reissued a “buy” rating on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. UBS Group set a $310.00 price target on Advanced Micro Devices in a research note on Wednesday, February 4th. KeyCorp reissued an “overweight” rating and issued a $330.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. The Goldman Sachs Group increased their price target on Advanced Micro Devices from $210.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $230.00 price target on shares of Advanced Micro Devices in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $297.49.

Advanced Micro Devices Price Performance

The company has a 50 day moving average of $229.49 and a two-hundred day moving average of $227.35. The firm has a market cap of $577.94 billion, a P/E ratio of 133.77, a PEG ratio of 1.21 and a beta of 1.96. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The business had revenue of $10.27 billion during the quarter, compared to analysts’ expectations of $9.65 billion. During the same quarter last year, the business posted $1.09 earnings per share. The company’s quarterly revenue was up 34.1% on a year-over-year basis. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 5.78 EPS for the current year.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 85,000 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total transaction of $16,895,450.00. Following the completion of the sale, the chief executive officer directly owned 3,146,006 shares of the company’s stock, valued at $625,331,612.62. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 31,320 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the sale, the executive vice president directly owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. This represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 304,672 shares of company stock valued at $70,135,070. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds have recently bought and sold shares of the business. SkyOak Wealth LLC lifted its stake in Advanced Micro Devices by 18.7% in the 1st quarter. SkyOak Wealth LLC now owns 2,715 shares of the semiconductor manufacturer’s stock worth $552,000 after acquiring an additional 427 shares in the last quarter. Beacon Financial Group lifted its stake in Advanced Micro Devices by 1.5% in the 1st quarter. Beacon Financial Group now owns 3,753 shares of the semiconductor manufacturer’s stock worth $763,000 after acquiring an additional 55 shares in the last quarter. First Horizon Corp lifted its stake in Advanced Micro Devices by 8.9% in the 1st quarter. First Horizon Corp now owns 834 shares of the semiconductor manufacturer’s stock worth $170,000 after acquiring an additional 68 shares in the last quarter. Mosaic Family Wealth Partners LLC lifted its stake in Advanced Micro Devices by 2.3% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 2,689 shares of the semiconductor manufacturer’s stock worth $547,000 after acquiring an additional 60 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in Advanced Micro Devices in the 1st quarter worth about $256,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.