Advanced Micro Devices (NASDAQ:AMD) Trading Up 6.6% – Still a Buy?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 6.6% on Monday . The company traded as high as $572.50 and last traded at $552.05. 29,587,268 shares traded hands during trading, a decline of 21% from the average daily volume of 37,501,375 shares. The stock had previously closed at $517.82.

Key Advanced Micro Devices News

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

• Negative Sentiment: AMD is being hit by a sector-wide chip downturn as investors rotate out of high-multiple AI stocks and reassess the durability of the AI trade. AI Chip Stocks Nvidia, AMD, Micron, Intel, and SNDK Are Extending Their Sell-Off in Pre-Market Today, 7/8/26. Here’s Why
• Negative Sentiment: Michael Burry’s bearish bet against AI chipmakers has added to investor caution around AMD and other semiconductor names. Big Short fame Michael Burry is betting against Nvidia, AMD, Micron and other chipmakers. Is a massive AI crash coming?
• Negative Sentiment: AMD fell sharply in the prior session as broader semiconductor weakness and AI valuation worries triggered profit-taking. Here’s Why Advanced Micro Devices (AMD) Fell More Than Broader Market

Analysts Set New Price Targets

Several research firms have commented on AMD. Wolfe Research set a $450.00 price target on Advanced Micro Devices and gave the company an “outperform” rating in a report on Monday, June 15th. Susquehanna boosted their price objective on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research 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 research note on Wednesday, May 6th. Bank of America raised their target price on Advanced Micro Devices from $500.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $453.92.

Advanced Micro Devices Trading Down 6.5%

The company has a 50 day moving average of $479.06 and a 200 day moving average of $312.66. The firm has a market cap of $841.57 billion, a price-to-earnings ratio of 169.22, a price-to-earnings-growth ratio of 1.63 and a beta of 2.47. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

Insider Activity

In other news, EVP Paul Darren Grasby sold 24,376 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the transaction, the executive vice president directly owned 105,222 shares of the company’s stock, valued at $46,759,604.58. The trade was a 18.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total value of $57,586,250.00. Following the sale, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. 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. In the last three months, insiders sold 374,739 shares of company stock valued at $161,135,671. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several large investors have recently made changes to their positions in the business. Joseph Group Capital Management bought a new stake in Advanced Micro Devices during the 4th quarter worth about $25,000. Sarver Vrooman Wealth Advisors bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $27,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $27,000. Basepoint Wealth LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. Finally, Graney & King LLC bought a new stake in shares of Advanced Micro Devices during the first quarter valued at approximately $31,000. Institutional investors own 71.34% of the company’s stock.

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.