Advanced Micro Devices (NASDAQ:AMD) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also issued reports on AMD. Susquehanna boosted their price target on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the stock a “positive” rating in a research note on Wednesday. Rosenblatt Securities raised their price objective on shares of Advanced Micro Devices from $300.00 to $490.00 and gave the company a “buy” rating in a research note on Wednesday. Seaport Research Partners raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 target price on the stock in a research note on Wednesday. KeyCorp increased their target price on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Raymond James Financial began coverage on shares of Advanced Micro Devices in a research report on Wednesday. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $385.86.

Advanced Micro Devices Trading Down 0.2%

Shares of AMD traded down $0.87 during midday trading on Tuesday, hitting $420.52. 10,245,902 shares of the stock were exchanged, compared to its average volume of 39,155,711. Advanced Micro Devices has a 52-week low of $101.56 and a 52-week high of $430.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. The stock has a fifty day simple moving average of $240.09 and a 200 day simple moving average of $230.52. The firm has a market cap of $685.60 billion, a P/E ratio of 137.32, a P/E/G ratio of 1.26 and a beta of 2.40.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.68% and a net margin of 13.37%.The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same quarter in the previous year, the business earned $0.96 EPS. The company’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, research analysts anticipate that Advanced Micro Devices will post 5.91 EPS for the current fiscal year.

Insider Activity

In related news, EVP Paul Darren Grasby sold 7,500 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $204.87, for a total value of $1,536,525.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the transaction, the executive vice president owned 289,098 shares of the company’s stock, valued at $62,679,337.38. This trade represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 304,672 shares of company stock worth $70,135,070 in the last ninety days. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $4,929,312,000. Jennison Associates LLC raised its position in shares of Advanced Micro Devices by 181.6% during the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after acquiring an additional 7,035,991 shares in the last quarter. Cardano Risk Management B.V. acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $1,000,783,000. Wellington Management Group LLP boosted its holdings in Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after purchasing an additional 3,735,807 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Advanced Micro Devices by 340.1% in the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock valued at $1,016,796,000 after purchasing an additional 3,669,054 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Q1 beat and strong outlook — AMD reported above-consensus Q1 results (revenue ~$10.25B; data-center revenue surge) and raised Q2 revenue guidance, which led to large positive market reaction and broader chip-sector strength. Read More.
• Positive Sentiment: Analysts lifted targets and upgraded ratings — multiple firms raised price targets (Goldman, TD Cowen, Wells Fargo, Susquehanna, Rosenblatt, Stifel, Morgan Stanley and others), giving the impression of sustained upside potential. Read More.
• Positive Sentiment: Supply and capacity wins — coverage cites TSMC capacity allocations and AMD comments that critical memory supply is secured, reducing near‑term manufacturing bottlenecks for AI products. That supports the revenue/growth outlook. Read More.
• Positive Sentiment: Sentiment & momentum lifts indices — Q1 beat + Iran peace optimism helped push tech indices higher, amplifying AMD’s move as a market leader in the AI trade. Read More.
• Neutral Sentiment: Morning market notes & analyst commentary — day‑ahead roundups (CNBC Morning Squawk) highlight AMD as a key market mover but offer broad market context rather than new company-specific catalysts. Read More.
• Negative Sentiment: Critical analysis — some commentators warn about risks if AMD pursues vertical moves (integration/strategy concerns) that could distract or add execution risk versus core silicon focus. Read More.
• Negative Sentiment: Profit-taking / institutional moves — some high-profile sellers (e.g., ARK/Cathie Wood sold shares) and a few analysts maintaining neutral or conservative targets (JPMorgan’s $385 neutral call) add short-term friction. Read More. · 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.