The Goldman Sachs Group Raises Advanced Micro Devices (NASDAQ:AMD) Price Target to $240.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective upped by equities research analysts at The Goldman Sachs Group from $210.00 to $240.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor manufacturer’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 12.86% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Advanced Micro Devices from $180.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Morgan Stanley cut their target price on Advanced Micro Devices from $260.00 to $255.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Truist Financial set a $283.00 price objective on Advanced Micro Devices in a report on Wednesday, February 4th. Evercore reissued an “outperform” rating and issued a $358.00 target price on shares of Advanced Micro Devices in a report on Tuesday. Finally, Benchmark reaffirmed a “buy” rating and set a $325.00 price target on shares of Advanced Micro Devices in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $290.53.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $1.18 during midday trading on Wednesday, hitting $212.66. The company had a trading volume of 23,135,413 shares, compared to its average volume of 40,267,230. The company’s 50 day simple moving average is $219.55 and its 200 day simple moving average is $207.81. Advanced Micro Devices has a 52-week low of $76.48 and a 52-week high of $267.08. The stock has a market cap of $346.72 billion, a price-to-earnings ratio of 80.20, a PEG ratio of 0.74 and a beta of 1.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.85 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.21. The firm had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $9.65 billion. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The company’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. Research analysts anticipate that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, SVP Ava Hahn sold 2,442 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $234.42, for a total transaction of $572,453.64. Following the sale, the senior vice president owned 16,359 shares in the company, valued at $3,834,876.78. The trade was a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the completion of the sale, the executive vice president owned 289,098 shares of the company’s stock, valued at approximately $62,679,337.38. This trade represents a 6.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 271,892 shares of company stock valued at $58,476,908 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in Advanced Micro Devices in the fourth quarter worth $4,929,312,000. Jennison Associates LLC increased its position in Advanced Micro Devices by 181.6% in the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after buying an additional 7,035,991 shares during the period. Cardano Risk Management B.V. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $1,000,783,000. Wellington Management Group LLP boosted its holdings in Advanced Micro Devices by 335.9% in the 3rd 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 during the period. Finally, Franklin Resources Inc. raised its position in shares of Advanced Micro Devices by 340.1% during 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 buying an additional 3,669,054 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Meta committed to deploy up to 6 gigawatts of AMD Instinct GPUs over multiple years and could buy as much as ~10% of AMD via warrants — a multi‑year revenue stream and strategic customer validation that pushed investor sentiment and price targets higher. AMD clinches second mega chip supply deal, this time with Meta
• Positive Sentiment: Several Wall Street analysts raised ratings/targets and reiterated Buy calls after the Meta deal, citing clearer AI revenue visibility and multi‑year data center growth that justify higher multiples. AMD Buy Rating Driven by Underappreciated Meta 6GW AI Accelerator Deal…
• Neutral Sentiment: Some analysts adopt a balanced stance: the Meta pact materially uplifts revenue visibility but execution risk (ramp/timing, product mix, margin impact) and the warrant structure mean upside is meaningful but not risk‑free. Balanced View on AMD: AI Partnership Upside Offset by Execution Risk…
• Negative Sentiment: Competitive pressure from Nvidia remains a key headwind — Nvidia’s upcoming Vera Rubin system (and continued hyperscaler relationships) could limit AMD’s share gains and compress long‑term pricing power in AI infrastructure. Nvidia (NVDA) Counters AMD and Big Tech with Vera Rubin AI System
• Negative Sentiment: Some market commentators flag the Meta deal’s equity‑linked/warrant structure as a dilution risk and describe the arrangement as “circular commerce” that could limit net proceeds to AMD unless milestones are met. That concern is tempering the rally for more cautious investors. Meta Deal ‘Wildly Concerning’ For AMD Stock, Says Rick Heitzmann
• Negative Sentiment: Technicals also matter: technical analysts flagged a possible double‑top pattern, signaling further near‑term downside risk if momentum fades and profit‑taking resumes after the headline rally. AMD Faces Further Downside After Double-Top Signal

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.