Advanced Micro Devices (NASDAQ:AMD) Trading Up 4.7% Following Analyst Upgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares rose 4.7% on Friday after The Goldman Sachs Group upgraded the stock from a buy rating to a buy rating. The company traded as high as $521.71 and last traded at $511.57. Approximately 31,486,826 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 38,238,980 shares. The stock had previously closed at $488.45.

AMD has been the topic of a number of other research reports. Needham & Company LLC upgraded Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. KeyCorp upped their target price on Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Benchmark upped their target price on Advanced Micro Devices from $325.00 to $485.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. DA Davidson upped their target price on Advanced Micro Devices from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upped their target price on Advanced Micro Devices from $270.00 to $385.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $424.59.

Insider Activity

In related news, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the transaction, the executive vice president directly owned 105,222 shares in the company, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 372,032 shares of company stock valued at $158,658,616. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Citi upgraded AMD to Buy and raised its target to $575, saying the market is undervaluing AMD’s GPU upside and AI accelerator opportunity. AMD stock surges 5% as Citi sees major AI GPU opportunity with Meta
• Positive Sentiment: Bank of America raised its price target to $560 and named AMD a top CPU pick, citing strong potential from agentic AI and expanding server demand. AMD Stock Rises as BofA Lifts Price Target, Calls it ‘Top CPU Pick’
• Positive Sentiment: New GPU market-share data and broader semiconductor strength added to the rally, signaling improving investor sentiment across AI chip names. AMD vs. INTC vs. NVDA: GPU Stocks Rise on New Q1 Market Share Data
• Neutral Sentiment: Articles comparing AMD with Nvidia highlighted AMD’s improving AI narrative, but also noted that Nvidia still has the stronger earnings base and market lead. Nvidia vs AMD: The Better AI Stock Is A Better Buy This June
• Negative Sentiment: One Zacks note warned that AMD’s gaming revenue growth could slow as console sales weaken and costs rise, which could pressure a non-AI part of the business. AMD’s Gaming Revenues Set to Decelerate: What Lies Ahead in 2026?

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMD. Brighton Jones LLC raised its stake in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after acquiring an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after acquiring an additional 234 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after acquiring an additional 2,970 shares in the last quarter. United Bank raised its stake in shares of Advanced Micro Devices by 22.0% in the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock valued at $1,881,000 after acquiring an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its stake in shares of Advanced Micro Devices by 361.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock valued at $1,310,000 after acquiring an additional 7,228 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The stock has a 50 day moving average of $380.39 and a two-hundred day moving average of $272.51. The firm has a market capitalization of $834.17 billion, a P/E ratio of 167.73, a P/E/G ratio of 1.33 and a beta of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The business’s quarterly revenue was up 37.8% compared to the same quarter last year. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

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.