Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $415.00 at Mizuho

Advanced Micro Devices (NASDAQ:AMD) had its price target lifted by Mizuho from $280.00 to $415.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the semiconductor manufacturer’s stock.

Several other analysts also recently weighed in on the company. KeyCorp boosted their price target on Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday. Benchmark reiterated a “buy” rating and set a $325.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Seaport Research Partners upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price target on the stock in a research note on Wednesday. Susquehanna boosted their price target on Advanced Micro Devices from $300.00 to $375.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and boosted their price target for the company from $240.00 to $450.00 in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $385.86.

Advanced Micro Devices Trading Up 18.4%

Shares of NASDAQ:AMD opened at $420.56 on Wednesday. The business’s 50-day moving average is $240.09 and its 200 day moving average is $230.52. 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 P/E ratio of 137.89, a P/E/G ratio of 1.26 and a beta of 2.40. 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 announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.68% and a net margin of 13.37%.The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same period in the prior year, the company posted $0.96 EPS. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, research analysts predict that Advanced Micro Devices will post 5.91 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Paul Darren Grasby sold 7,500 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $204.87, for a total transaction of $1,536,525.00. Following the sale, the executive vice president directly owned 129,598 shares of the company’s stock, valued at $26,550,742.26. This represents a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total value of $4,216,954.50. Following the transaction, the executive vice president owned 289,098 shares in the company, valued at $62,679,337.38. This represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 304,672 shares of company stock valued at $70,135,070. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds have recently bought and sold shares of AMD. Norges Bank purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $4,929,312,000. Jennison Associates LLC boosted its position in Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after purchasing an additional 7,035,991 shares in the last quarter. Cardano Risk Management B.V. purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $1,000,783,000. Wellington Management Group LLP boosted its position in Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock worth $784,330,000 after purchasing an additional 3,735,807 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in 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 worth $1,016,796,000 after purchasing an additional 3,669,054 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Q1 results beat and bullish Q2 guide: AMD reported stronger-than-expected Q1 revenue and EPS and gave Q2 revenue guidance above Wall Street consensus, a combination that sparked heavy buying into the stock. Read More.
• Positive Sentiment: Data?center momentum — CEO and results point to accelerating server CPU and GPU demand: management raised the long?term server CPU opportunity to ~$120B and highlighted agentic AI driving faster-than-expected cloud spending. That narrative underpins stronger revenue and margin expectations. Read More.
• Positive Sentiment: Wall Street upgrades and price?target lifts amplified the rally: multiple firms raised targets and issued upgrades after the beat & guide, which increases buy?side conviction and fuels momentum. Read More.
• Positive Sentiment: Supply and capacity wins reduce near?term constraint risk: reports of TSMC capacity wins and AMD securing critical memory allocations eased investor concerns about the company being supply?constrained during the AI ramp. Read More.
• Neutral Sentiment: Macro and market tailwinds helped sentiment: broader risk?on moves (oil down on Iran diplomacy, indexes rising) amplified AMD’s move — helpful context, but not an AMD?specific fundamental change. Read More.
• Neutral Sentiment: Investor cautions on momentum/positioning: some prominent investors and technical analysts warn against chasing the move (overbought indicators, heavy post?earnings flows), suggesting short?term volatility even as the long?term thesis remains intact. Read More.
• Negative Sentiment: Valuation, profit?taking and margin pressure risks: the rally pushes valuation toward “priced for perfection,” insiders have sold shares, and rising memory prices could pressure gaming/PC demand — all reasons some analysts still urge caution or rate the stock a hold. 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.