TD Cowen Raises Advanced Micro Devices (NASDAQ:AMD) Price Target to $500.00

Advanced Micro Devices (NASDAQ:AMD) had its price target increased by analysts at TD Cowen from $290.00 to $500.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. TD Cowen’s target price would indicate a potential upside of 19.59% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. China Renaissance began coverage on Advanced Micro Devices in a report on Tuesday, January 13th. They set a “buy” rating and a $291.00 price target on the stock. Wolfe Research started coverage on shares of Advanced Micro Devices in a report on Wednesday. They set a “peer perform” rating on the stock. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Jefferies Financial Group lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Barclays upped their price target on Advanced Micro Devices from $300.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $382.76.

Advanced Micro Devices Trading Up 17.7%

Shares of NASDAQ AMD traded up $62.83 during midday trading on Wednesday, reaching $418.09. The stock had a trading volume of 70,949,033 shares, compared to its average volume of 39,293,227. The company’s 50 day moving average price is $235.61 and its 200 day moving average price is $229.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. Advanced Micro Devices has a twelve month low of $96.88 and a twelve month high of $430.60. The firm has a market cap of $681.63 billion, a price-to-earnings ratio of 157.77, a price-to-earnings-growth ratio of 1.23 and a beta of 2.40.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. Advanced Micro Devices’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. As a group, sell-side analysts expect that Advanced Micro Devices will post 5.82 EPS for the current year.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction on Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at $432,612,950. The trade was a 2.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 7,500 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $204.87, for a total transaction of $1,536,525.00. Following the transaction, the executive vice president directly owned 129,598 shares of the company’s stock, valued at $26,550,742.26. This represents a 5.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 304,672 shares of company stock valued at $70,135,070. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Advanced Micro Devices by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after buying an additional 2,525,109 shares in the last quarter. State Street Corp increased 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 valued at $16,044,712,000 after acquiring an additional 1,094,835 shares during the last quarter. Geode Capital Management LLC raised its position in Advanced Micro Devices by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock valued at $8,015,897,000 after purchasing an additional 287,525 shares in the last quarter. Norges Bank purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $4,929,312,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Advanced Micro Devices by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer’s stock valued at $4,352,864,000 after purchasing an additional 55,969 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Beat-and-raise results + strong AI/data?center guidance: AMD reported Q1 revenue and EPS above estimates and guided Q2 revenue well above Street expectations, signaling accelerating AI-driven server demand that’s re?rating the stock. AMD forecast sparks AI-driven rally
• Positive Sentiment: Wall Street upgrades and price?target lifts: Multiple brokers raised ratings and targets (including double?digit hikes from Goldman, Susquehanna, Rosenblatt, KeyBanc and others), amplifying buy?side confidence and supporting momentum. Wall Street piled into AMD
• Positive Sentiment: Management framing and TAM expansion: CEO Lisa Su emphasized a broad CPU/GPU portfolio to meet diverse data?center needs and reiterated a much larger server CPU TAM (>$120B by 2030), which supports multi?year revenue visibility. Lisa Su on diverse offerings
• Positive Sentiment: Foundry/capacity progress: Reports of improved TSMC capacity allocation for AMD chips remove a key supply constraint and support the company’s ability to meet fast?growing cloud orders. TSMC capacity win
• Neutral Sentiment: Market tailwinds: Broader risk?on forces (e.g., improving geopolitics and lower oil) boosted indices and helped amplify AMD’s move alongside other semis; this is a timing/flow factor rather than company?specific. Nasdaq futures rally
• Negative Sentiment: Valuation and downgrade voices: Some analysts (HSBC and others) warned the stock is priced for perfection and flagged limited near?term upside or production limits — a reason for profit?taking or more cautious positioning after the run. HSBC downgrade flags valuation concerns
• Negative Sentiment: Technical/insider concerns: Media and data services note overbought RSI and heavy insider sales / well?timed political and institutional trading activity — factors that could increase short?term volatility even as fundamentals improve. RSI danger zone QuiverQuant insider & flows

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.