Advanced Micro Devices (NASDAQ:AMD) Shares Up 2.8% Following Analyst Upgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares traded up 2.8% on Tuesday after Mizuho raised their price target on the stock from $580.00 to $705.00. Mizuho currently has an outperform rating on the stock. Advanced Micro Devices traded as high as $658.52 and last traded at $649.42. Approximately 24,107,217 shares were traded during trading, a decline of 26% from the average daily volume of 32,723,076 shares. The stock had previously closed at $631.75.

Several other brokerages have also recently commented on AMD. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Jefferies Financial Group set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Melius Research set a $660.00 price target on shares of Advanced Micro Devices in a report on Friday, July 24th. Loop Capital upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Tuesday, June 16th. Finally, William Blair reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $576.88.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the sale, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 213,838 shares of company stock valued at $105,533,836 over the last three months. Corporate insiders own 0.50% of the company’s stock.

More Advanced Micro Devices News

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

• Positive Sentiment: CEO Lisa Su said AMD expects AI-chip demand to remain “very, very high” for years and plans to substantially increase supply in 2027 by securing additional wafer and memory capacity. The comments support expectations for faster data-center and AI revenue growth. AMD plans to substantially increase supply in 2027, CEO says
• Positive Sentiment: Citigroup raised its AMD price target to $800 from $575 while maintaining a Buy rating, citing the potential for AI agents such as Meta’s Muse to increase computing, memory and networking requirements. Citi also expects the CPU market to reach $300 billion by 2030. Citigroup adjusts price target on AMD
• Positive Sentiment: Other analysts also boosted their outlooks: Mizuho raised its target to $705, Stifel to $700 and BNP Paribas to $960. The revisions reflect confidence in AMD’s EPYC server CPUs, future AI accelerators and an expected third-quarter “beat-and-raise” result. AMD spikes as analysts raise targets
• Positive Sentiment: Investor enthusiasm is broadening beyond traditional AI training toward agentic and inference workloads. Coverage argues that always-on AI agents could require substantially more CPUs and infrastructure, potentially improving AMD’s competitive position relative to Nvidia. Meta Muse gives AMD a boost
• Neutral Sentiment: AMD’s shares have reached record levels after a very large annual rally, and analyst targets remain widely dispersed. This indicates strong momentum but also substantial uncertainty around execution, competition and the sustainability of AI spending. AMD stock reaches new all-time highs
• Negative Sentiment: At roughly a $1 trillion valuation, AMD trades at an elevated earnings multiple. Any delays in increasing supply, weaker AI demand or disappointment in upcoming results could trigger a sharp pullback. Potential future share issuance tied to customer agreements with OpenAI and Meta is an additional dilution risk.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division raised its position in Advanced Micro Devices by 44.6% during the third quarter. Central Pacific Bank Trust Division now owns 15,328 shares of the semiconductor manufacturer’s stock valued at $9,377,000 after purchasing an additional 4,727 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in Advanced Micro Devices by 2.9% during the third quarter. Rosenberg Matthew Hamilton now owns 2,253 shares of the semiconductor manufacturer’s stock worth $1,378,000 after purchasing an additional 64 shares during the last quarter. Box Hill Private Wealth LLC boosted its holdings in shares of Advanced Micro Devices by 2.5% in the 3rd quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer’s stock worth $486,000 after purchasing an additional 19 shares in the last quarter. Park National Corp OH increased its position in shares of Advanced Micro Devices by 1.9% during the 3rd quarter. Park National Corp OH now owns 2,305 shares of the semiconductor manufacturer’s stock valued at $1,410,000 after purchasing an additional 42 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC increased its position in shares of Advanced Micro Devices by 27.4% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 2,162 shares of the semiconductor manufacturer’s stock valued at $1,467,000 after purchasing an additional 465 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 2.8%

The company has a market capitalization of $1.06 trillion, a PE ratio of 166.95, a PEG ratio of 6.58 and a beta of 2.45. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average of $515.38 and a two-hundred day moving average of $449.17.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the previous year, the company posted $0.48 EPS. Advanced Micro Devices’s quarterly revenue was up 50.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current fiscal year.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.