Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.7% – Here’s Why

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price rose 1.7% during mid-day trading on Friday. The company traded as high as $523.92 and last traded at $516.79. Approximately 15,072,683 shares were traded during trading, a decline of 53% from the average daily volume of 31,897,637 shares. The stock had previously closed at $507.93.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD rebounded alongside Intel as investors selectively bought technology shares after the previous session’s sharp semiconductor decline. Why are AMD, Intel stocks gaining today?
• Positive Sentiment: Erste Group Bank raised its FY2027 AMD earnings estimate to $15.05 per share from $14.80, reinforcing expectations for strong future growth. Advanced Micro Devices analyst estimate update
• Positive Sentiment: Analysts and investors continue to point to hyperscaler AI contracts, data-center expansion and AMD’s broader AI-computing strategy as potential long-term catalysts. The company’s recent revenue growth and earnings beat provide support for the bullish case. AMD Stock Price Prediction
• Neutral Sentiment: AMD’s recovery occurred despite continued debate over whether massive AI capital expenditures will generate adequate returns. Upcoming earnings and evidence of sustained accelerator demand are likely to determine whether the recent AI rally can continue. The AI Rout: Sorting CAPEX Fact From Fiction
• Negative Sentiment: AMD remains richly valued after a substantial year-to-date advance, leaving the stock vulnerable if its next product cycle or AI contracts fail to meet elevated expectations. AMD Has a High Floor, High Volatility Trajectory
• Negative Sentiment: Higher oil prices, inflation concerns and potentially higher borrowing costs could pressure funding for AI infrastructure. Supply-chain warnings, softer PC demand and Nvidia’s expansion into CPU markets add further competitive and cyclical risks. Why AMD Stock Fell on Thursday

Analysts Set New Price Targets

AMD has been the subject of several recent research reports. Zacks Research lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Citigroup boosted their price target on Advanced Micro Devices from $575.00 to $800.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Argus lifted their price objective on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Bank of America upped their price target on Advanced Micro Devices from $620.00 to $720.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. Finally, Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $606.76.

Advanced Micro Devices Trading Up 1.7%

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The company has a market capitalization of $843.64 billion, a price-to-earnings ratio of 132.85, a price-to-earnings-growth ratio of 5.67 and a beta of 2.45. The business has a fifty day moving average price of $541.49 and a 200 day moving average price of $483.21.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data 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 the consensus estimate of $11.31 billion. During the same quarter last year, the company posted $0.48 earnings per share. Advanced Micro Devices’s quarterly revenue was up 50.1% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Lisa Su sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the transaction, the chief executive officer owned 74,211 shares in the company, valued at approximately $37,609,392.69. The trade was a 25.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the transaction, the senior vice president directly owned 26,623 shares of the company’s stock, valued at $13,010,393.87. This represents a 10.11% decrease in their position. 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. Over the last ninety days, insiders sold 231,100 shares of company stock worth $114,867,400. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after buying an additional 4,535,126 shares in the last quarter. State Street Corp increased its holdings in 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 buying an additional 2,149,563 shares during the period. Bank of America Corp DE bought a new stake in Advanced Micro Devices in the 2nd quarter valued at $7,022,226,000. Jennison Associates LLC raised its stake in shares of 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 valued at $5,793,388,000 after buying an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Advanced Micro Devices by 33.9% in the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock valued at $5,422,444,000 after buying an additional 2,365,419 shares in the last quarter. Institutional investors and hedge funds 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 high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.