Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $705.00

Advanced Micro Devices (NASDAQ:AMD) had its price target lifted by Mizuho from $580.00 to $705.00 in a research note released on Tuesday, MarketBeat Ratings reports. They currently have an outperform rating on the semiconductor manufacturer’s stock.

AMD has been the topic of several other research reports. Morgan Stanley upped their price target on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Barclays lowered Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research note on Friday, June 12th. DA Davidson boosted their target price on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Wells Fargo & Company upped their target price on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $585.26.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $620.68 on Tuesday. The company has a 50 day moving average of $526.31 and a 200 day moving average of $458.39. 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 market cap of $1.01 trillion, a P/E ratio of 159.56, a P/E/G ratio of 6.69 and a beta of 2.45. Advanced Micro Devices has a 12 month low of $188.22 and a 12 month high of $658.52.

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

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 70,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,032,156 shares in the company, valued at approximately $1,536,696,660.80. This represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the transaction, the executive vice president owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% 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. Insiders have sold 213,838 shares of company stock valued at $105,533,836 over the last quarter. Insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares during the last quarter. State Street Corp boosted its stake in shares of Advanced Micro Devices by 2.9% in the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock valued at $46,606,266,000 after purchasing an additional 2,149,563 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Advanced Micro Devices by 15.9% during the 4th quarter. Invesco Ltd. now owns 15,473,280 shares of the semiconductor manufacturer’s stock valued at $3,313,758,000 after purchasing an additional 2,124,867 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $7,022,226,000. Finally, Jennison Associates LLC raised its position in Advanced Micro Devices by 5.8% in the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after purchasing an additional 545,575 shares during the period. Institutional investors own 71.34% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Goldman Sachs raised its 2026 U.S. data-center capacity forecast by 5 gigawatts to 64GW and expects capacity to reach 90GW in 2027. The continued expansion of AI infrastructure supports long-term demand for AMD’s CPUs and accelerators. Ways AI Data Center Capacity Will Reach 90GW by 2027
• Positive Sentiment: TSMC reported third-quarter revenue of approximately $46.7 billion, up 50% year over year, signaling that demand for AI processors from customers including AMD remains robust. AMD’s data-center revenue was also reported at $6.7 billion, up 107% annually. Nvidia, AMD, Intel stocks despite record AI demand
• Positive Sentiment: CEO Lisa Su’s discussions with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. The company is also linked to open Ethernet data-center infrastructure initiatives with Arista, Broadcom, Meta and Microsoft. AMD CEO says continues to explore foundry partnership with Samsung
• Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3, giving investors a near-term catalyst. The report will be important for assessing whether AI commitments are translating into sustained deployments, cash flow and margins. AMD Stock Slips Despite Setting a Date for Q3 Earnings
• Negative Sentiment: Higher Treasury yields and oil prices intensified a broader equity and semiconductor selloff, reducing investor appetite for richly valued AI stocks. AMD’s elevated valuation makes its shares particularly sensitive to changes in interest-rate expectations. Why are Intel and AMD stocks plunging
• Negative Sentiment: Analysts and commentators cautioned that AMD’s market capitalization and recent rally may already price in substantial AI success. Delivering on future products, including rack-scale systems, and converting customer commitments into recurring revenue will be necessary to justify further gains. AMD’s Valuation Is Ruffling Feathers on Wall Street

Advanced Micro Devices Company Profile

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.