Advanced Micro Devices (NASDAQ:AMD) Trading Up 6.2% – Here’s What Happened

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares shot up 6.2% on Friday . The company traded as high as $215.18 and last traded at $213.43. 58,157,421 shares were traded during trading, an increase of 19% from the average session volume of 49,022,426 shares. The stock had previously closed at $201.06.

Key Advanced Micro Devices News

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

• Positive Sentiment: News coverage cites multiple catalysts behind today’s rally: analyst upgrades/reiterates, AI product momentum and renewed investor enthusiasm. Why Advanced Micro Devices Stock Is Jumping Today
• Positive Sentiment: Wall Street bullishness — several firms see meaningful upside for AMD tied to AI demand; TipRanks highlights ~40% upside from top analysts which supports momentum and investor conviction. AMD Stock Forecast: Wall Street’s Top Analysts See 40% Upside
• Positive Sentiment: Geopolitical / commercial progress: China’s commerce minister met AMD CEO Lisa Su and reports say Su committed to deeper China investments — a signal that AMD is managing China relations to protect/address a large market for data?center and AI sales. China’s commerce minister meets with AMD CEO in Beijing
• Neutral Sentiment: Some price?target adjustments are minor headwinds but not a broad sell signal — Truist trimmed its target slightly (from $279 to $277) while maintaining a buy stance. AMD price target lowered by Truist
• Neutral Sentiment: Broader sector strength (Micron beat and AI capex narratives) is helping chip stocks generally — AMD is catching spillover buying as investors rotate into AI/compute names. AMD Stock Gains With Sector After Micron’s Strong Results
• Negative Sentiment: Insider activity: multiple recent insider sales (including top executives) are visible in Quiver’s dataset — this can worry short?term sentiment even if company fundamentals remain intact. VOO is up 0.6% today, on AMD stock price movement
• Negative Sentiment: Near?term volatility risk: recent commentary flagged China’s semiconductor push and concerns around customer financing (Oracle) as sources of downside pressure in prior sessions. AMD Stock Falls Amid China’s AI Chip Push And Oracle Funding Concerns

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMD. Citigroup increased their price objective on shares of Advanced Micro Devices from $215.00 to $260.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Bank of America reiterated a “buy” rating and issued a $300.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Wednesday, October 8th. Melius Research set a $380.00 price objective on Advanced Micro Devices in a research note on Wednesday, November 12th. Finally, Dbs Bank raised Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.06.

Advanced Micro Devices Stock Performance

The company has a market cap of $347.47 billion, a PE ratio of 105.66, a PEG ratio of 1.47 and a beta of 1.93. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $229.76 and its two-hundred day moving average is $181.65.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $8.76 billion. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,108 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the transaction, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at approximately $411,686,940.60. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ava Hahn sold 2,868 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the transaction, the senior vice president owned 9,033 shares of the company’s stock, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 183,476 shares of company stock worth $40,249,093 over the last quarter. Company insiders own 0.06% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 0.9% during the third quarter. Vanguard Group Inc. now owns 155,997,751 shares of the semiconductor manufacturer’s stock valued at $25,238,876,000 after purchasing an additional 1,348,892 shares in the last quarter. State Street Corp raised its position in shares of Advanced Micro Devices by 2.4% during the 3rd quarter. State Street Corp now owns 73,824,441 shares of the semiconductor manufacturer’s stock valued at $11,944,056,000 after buying an additional 1,755,182 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer’s stock valued at $5,181,556,000 after buying an additional 514,445 shares in the last quarter. Norges Bank bought a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $3,094,662,000. Finally, Amundi grew its position in Advanced Micro Devices by 8.0% in the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock worth $1,677,014,000 after acquiring an additional 1,319,064 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

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.