Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 5.2% – What’s Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price rose 5.2% during trading on Thursday . The stock traded as high as $539.69 and last traded at $539.33. Approximately 43,595,667 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 38,043,930 shares. The stock had previously closed at $512.48.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Bernstein raised its price target to $600, citing strong AI infrastructure demand and healthy server-market trends, reinforcing the bullish case for AMD. Why Is AMD Stock Gaining Thursday?
• Positive Sentiment: Citi upgraded AMD to Buy and lifted its target to $575, pointing to upside from Meta GPU sales potential and a large agentic AI server CPU opportunity. Citi Upgrades AMD Stock to ‘Buy’ on Massive Meta GPU Sales Potential
• Positive Sentiment: AMD signed a definitive agreement with Rackspace to deploy 30 MW of AMD-powered AI compute across Rackspace data centers, expanding AMD’s footprint in enterprise and regulated-cloud AI. AMD and Rackspace Team Up on a 30 MW AI Compute Agreement. This Could Be a Win for Both Stocks.
• Positive Sentiment: Recent commentary around AMD’s MEXT acquisition says the deal could improve memory optimization for inference and agentic AI workloads, strengthening the long-term AI product story. Why AMD’s Recent Acquisition Makes the Stock Even More Attractive
• Positive Sentiment: AMD is also benefiting from broader optimism that the company remains a key winner in the AI chip cycle, with multiple articles arguing the rally can continue despite recent volatility. AMD Is Up 149% Year to Date. Is the AI Chip Rally Getting Dangerously Crowded, or Is There Still Room to Run?

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMD. Zacks Research cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Morgan Stanley boosted their target price on Advanced Micro Devices from $360.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group upgraded Advanced Micro Devices from a “buy” rating to a “buy” rating in a report on Friday, June 12th. Melius Research set a $540.00 price objective on Advanced Micro Devices in a research note on Monday, May 18th. Finally, Mizuho boosted their price objective on Advanced Micro Devices from $515.00 to $615.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $430.68.

Advanced Micro Devices Trading Up 5.2%

The firm has a market capitalization of $879.43 billion, a price-to-earnings ratio of 176.83, a PEG ratio of 1.48 and a beta of 2.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The company has a 50-day moving average price of $404.65 and a 200-day moving average price of $281.16.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share 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 analysts’ expectations of $9.90 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The firm’s revenue was up 37.8% compared to the same quarter last year. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the transaction, the director owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 31,320 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the sale, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 378,032 shares of company stock valued at $161,876,596 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors have recently modified their holdings of the business. Brighton Jones LLC grew its position in Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after buying an additional 234 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Advanced Micro Devices by 125.1% during the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after buying an additional 2,970 shares during the last quarter. United Bank grew its holdings in shares of Advanced Micro Devices by 22.0% during the second quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock worth $1,881,000 after buying an additional 2,392 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its position in Advanced Micro Devices by 361.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock valued at $1,310,000 after acquiring an additional 7,228 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

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.