JPMorgan Chase & Co. Increases Advanced Micro Devices (NASDAQ:AMD) Price Target to $550.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $385.00 to $550.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor manufacturer’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 12.41% from the company’s current price.

A number of other equities analysts have also recently commented on AMD. Royal Bank Of Canada restated a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Evercore restated an “outperform” rating and set a $579.00 price target on shares of Advanced Micro Devices in a report on Tuesday, May 19th. Zacks Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Monday. William Blair reiterated a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, Benchmark increased their target price on Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $546.87.

Advanced Micro Devices Price Performance

AMD stock opened at $489.28 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.96 and a current ratio of 2.61. The company’s fifty day moving average price is $515.22 and its 200-day moving average price is $358.23. Advanced Micro Devices has a one year low of $149.22 and a one year high of $584.73. The company has a market capitalization of $797.82 billion, a PE ratio of 125.78 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the previous year, the firm posted $0.48 EPS. Advanced Micro Devices’s revenue for the quarter was up 50.1% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Micro Devices will post 6.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the sale, the director owned 87,173 shares in the company, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 6,000 shares of Advanced Micro Devices stock in a transaction on Monday, June 15th. The shares were sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the completion of the transaction, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at $661,663,348.71. The trade was a 0.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 285,934 shares of company stock worth $130,353,006. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors and hedge funds have recently modified their holdings of AMD. Joseph Group Capital Management acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $25,000. Sarver Vrooman Wealth Advisors acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $27,000. Cornerstone Financial Management LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $27,000. Basepoint Wealth LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth $30,000. Finally, Graney & King LLC purchased a new stake in Advanced Micro Devices in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD agreed to acquire Taalas for an undisclosed amount. Taalas develops specialized silicon that hardwires AI models into chips, potentially reducing computing and memory bottlenecks and improving inference speed and efficiency. AMD plans to combine the technology with its Instinct GPUs to offer broader, system-level AI solutions. AMD deepens AI inference bet with Taalas deal as chip race heats up
• Positive Sentiment: Analyst sentiment remains broadly constructive after AMD’s strong quarter. Wedbush reiterated an Outperform rating with a $600 price target, while Cantor Fitzgerald maintained Overweight with a $700 target. These targets imply substantial upside from the reference price. Advanced Micro Devices Earns Outperform Rating from Wedbush
• Positive Sentiment: AMD’s second-quarter results showed strong underlying demand: revenue increased 50% year over year to $11.54 billion, EPS reached $1.66 versus a $1.62 consensus estimate, and data-center sales more than doubled to approximately $6.7 billion. Management also expects data-center revenue to accelerate later this year and more than double in 2027. AMD Q2 Earnings Beat Estimates, Strong Data Center Aids Revenue Growth
• Neutral Sentiment: RBC Capital kept a Sector Perform rating and a $540 price target, indicating that analysts see meaningful potential but remain cautious about AMD’s valuation and execution relative to Nvidia. Royal Bank of Canada Reiterates Sector Perform Rating for AMD
• Negative Sentiment: The recent earnings reaction highlighted a high expectations problem. Despite beating estimates and issuing solid guidance, investors questioned whether growth, margins and AI market-share gains were strong enough to justify AMD’s elevated valuation. Elon Musk’s statement that SpaceX would use Nvidia chips exclusively also reinforced concerns about AMD’s ability to challenge Nvidia. 3 reasons AMD’s stock is falling in the face of its latest earnings report

About Advanced Micro Devices

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.