JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Advanced Micro Devices (NASDAQ:AMD) Stock

Advanced Micro Devices (NASDAQ:AMD) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $270.00 to $385.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor manufacturer’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 8.46% from the stock’s previous close.

Several other research firms have also recently issued reports on AMD. Wells Fargo & Company increased their price target on Advanced Micro Devices from $345.00 to $505.00 and gave the stock an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and increased their price target for the stock from $240.00 to $450.00 in a research note on Wednesday. Wolfe Research assumed coverage on Advanced Micro Devices in a research note on Wednesday. They issued a “peer perform” rating for the company. Benchmark increased their price objective on shares of Advanced Micro Devices from $325.00 to $485.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Oppenheimer cut shares of Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.86.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $65.30 during trading hours on Wednesday, hitting $420.56. The stock had a trading volume of 85,773,359 shares, compared to its average volume of 39,409,336. The stock’s fifty day simple moving average is $235.61 and its 200 day simple moving average is $229.21. Advanced Micro Devices has a 1-year low of $96.88 and a 1-year high of $430.60. The firm has a market capitalization of $685.66 billion, a price-to-earnings ratio of 158.70, a PEG ratio of 1.23 and a beta of 2.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 37.8% on a year-over-year basis. Sell-side analysts anticipate that Advanced Micro Devices will post 5.82 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total value of $4,216,954.50. Following the completion of the transaction, the executive vice president directly owned 289,098 shares in the company, valued at $62,679,337.38. This trade represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the sale, the executive vice president owned 1,236,037 shares of the company’s stock, valued at $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 304,672 shares of company stock valued at $70,135,070. Insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of large investors have recently added to or reduced their stakes in the business. Columbia Bank boosted its holdings in Advanced Micro Devices by 0.7% during the first quarter. Columbia Bank now owns 5,188 shares of the semiconductor manufacturer’s stock worth $1,055,000 after buying an additional 34 shares in the last quarter. Evolution Wealth Management Inc. boosted its holdings in Advanced Micro Devices by 11.0% during the first quarter. Evolution Wealth Management Inc. now owns 352 shares of the semiconductor manufacturer’s stock worth $72,000 after buying an additional 35 shares in the last quarter. Focused Wealth Management Inc boosted its holdings in Advanced Micro Devices by 2.7% during the first quarter. Focused Wealth Management Inc now owns 1,431 shares of the semiconductor manufacturer’s stock worth $291,000 after buying an additional 37 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in Advanced Micro Devices by 2.4% during the third quarter. HHM Wealth Advisors LLC now owns 1,742 shares of the semiconductor manufacturer’s stock worth $282,000 after buying an additional 40 shares in the last quarter. Finally, James J. Burns & Company LLC boosted its holdings in Advanced Micro Devices by 2.3% during the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock worth $389,000 after buying an additional 40 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Q1 beat and strong guidance — AMD topped estimates (EPS $1.37; revenue ~$10.25B), reported record data?center revenue (~$5.78B) and gave Q2 revenue guidance near $11.2B, a clear beat-and-raise that supports faster AI-driven server CPU/GPU demand. Read More.
• Positive Sentiment: Wall Street upgrades and price?target lifts — Several firms raised ratings and targets (examples include TD Cowen, Wells Fargo, Goldman/others), amplifying buy-side momentum and validating the updated growth outlook. Read More.
• Positive Sentiment: Manufacturing/capacity wins — Reports that AMD secured favorable TSMC capacity allocations for its AI/server roadmap eased a major execution risk and helped justify the upside in AI server demand. Read More.
• Positive Sentiment: Management voice supports accelerated AI adoption — CEO Lisa Su said AI “agents” and CPU demand are ramping faster than expected, reinforcing the thesis that AMD’s CPU + GPU portfolio can capture a meaningful share of AI infrastructure spend. Read More.
• Neutral Sentiment: Macro/tailwind context — Broader market drivers (Iran ceasefire headlines and falling oil) and sector rotation into semiconductors magnified AMD’s move, so part of the rally is liquidity/flow-driven rather than company?specific. Read More.
• Neutral Sentiment: ETF and sector crowding — ETFs with heavy semiconductor exposure (SOXX/SMH/FTXL) are benefitting from AMD’s run; that brings more capital but also concentration risk. Read More.
• Negative Sentiment: Valuation and “priced?for?perfection” risk — After a sharp run, several commentators warn AMD is richly valued and overbought; investors face sell?the?news/mean?reversion risk if future quarters or supply limits disappoint. Read More.
• Negative Sentiment: Execution and margin caveats — Management flagged supply/pricing dynamics (memory pricing, potential PC/gaming pressure) and there is visible insider selling history that some investors monitor as a governance/sentiment concern. Read More.

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.