Advanced Micro Devices (NASDAQ:AMD) Given New $505.00 Price Target at Wells Fargo & Company

Advanced Micro Devices (NASDAQ:AMD) had its target price raised by equities researchers at Wells Fargo & Company from $345.00 to $505.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 22.97% from the stock’s previous close.

Several other brokerages have also recently commented on AMD. Erste Group Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Stifel Nicolaus increased their price target on shares of Advanced Micro Devices from $320.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Evercore reiterated an “outperform” rating and set a $358.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Finally, Mizuho increased their price objective on shares of Advanced Micro Devices from $280.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $369.78.

Advanced Micro Devices Stock Up 15.6%

Shares of AMD stock traded up $55.41 during trading hours on Wednesday, hitting $410.67. 42,234,517 shares of the company were exchanged, compared to its average volume of 38,918,930. 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 one year low of $96.88 and a one year high of $430.60. The business’s 50-day simple moving average is $235.61 and its two-hundred day simple moving average is $229.21. The stock has a market capitalization of $669.53 billion, a price-to-earnings ratio of 155.22, a P/E/G ratio of 1.23 and a beta of 2.40.

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

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 31,320 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the sale, the executive vice president owned 1,236,037 shares in the company, valued at $432,612,950. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 firm’s 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 completion of the sale, the executive vice president owned 129,598 shares in the company, valued at $26,550,742.26. The trade was a 5.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 304,672 shares of company stock worth $70,135,070 in the last ninety days. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several large investors have recently made changes to their positions in AMD. Joseph Group Capital Management acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC boosted its holdings in shares of Advanced Micro Devices by 39.7% in the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 46 shares in the last quarter. Koesten Hirschmann & Crabtree INC. boosted its holdings in shares of Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Sarver Vrooman Wealth Advisors bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: Q1 beat and upbeat Q2 guidance — AMD topped EPS and revenue estimates and gave Q2 revenue guidance well above consensus ($10.9B–$11.5B), which triggered the rally as investors lean into AI/data‑center demand. Read More.
• Positive Sentiment: Data‑center momentum and bigger addressable market — CEO Lisa Su flagged massive server CPU and AI opportunity (management now cites a ~$120B addressable server CPU market by 2030), validating the multi‑year growth thesis. Read More.
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms raised targets or upgraded AMD after the print (Goldman, Bernstein, Rosenblatt, DA Davidson, Mizuho, Stifel, Morgan Stanley among others), supporting further upside momentum. Read More.
• Neutral Sentiment: Broader market tailwinds — Optimism around a potential U.S.–Iran deal and risk‑on flows helped tech and futures rally, amplifying AMD’s post‑earnings move. Read More.
• Neutral Sentiment: Ecosystem and partner announcements — New partnerships and customer wins (software/platform integrations and cloud deployments) support long‑term adoption but are incremental to the earnings catalyst. Read More.
• Negative Sentiment: Supply‑chain bottlenecks could cap near‑term upside — Industry checks point to packaging/CoWoS constraints that may limit how quickly AMD can convert demand into shipments, a risk cited by cautious analysts. Read More.
• Negative Sentiment: Valuation and “sell‑the‑news” risk — HSBC and others warned the stock had priced in much of the AI story; the high P/E and recent run create downside if future guidance or execution slips. Read More.
• Negative Sentiment: Notable insider and institutional rebalancing activity — Some large shareholders trimmed positions around the run, which can increase volatility after the rally. Read More.

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.