Advanced Micro Devices (NASDAQ:AMD) Trading 13.9% Higher Following Analyst Upgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price was up 13.9% on Friday after DA Davidson upgraded the stock from a neutral rating to a buy rating. DA Davidson now has a $375.00 price target on the stock, up from their previous price target of $220.00. Advanced Micro Devices traded as high as $352.99 and last traded at $347.6210. Approximately 81,033,957 shares traded hands during trading, an increase of 111% from the average daily volume of 38,336,191 shares. The stock had previously closed at $305.33.

A number of other analysts also recently commented on AMD. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 26th. Cantor Fitzgerald reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Monday, February 2nd. Jefferies Financial Group restated a “buy” rating on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Royal Bank Of Canada restated a “sector perform” rating and issued a $230.00 price objective on shares of Advanced Micro Devices in a report on Monday, March 16th. Finally, Erste Group Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.44.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 85,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the completion of the sale, the chief executive officer owned 3,146,006 shares of the company’s stock, valued at $625,331,612.62. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 27,109 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $275.00, for a total value of $7,454,975.00. Following the completion of the sale, the executive vice president owned 1,267,357 shares of the company’s stock, valued at approximately $348,523,175. This trade represents a 2.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 273,352 shares of company stock valued at $59,173,070 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: DA Davidson upgraded AMD to Buy and raised its price target to $375, giving Wall Street a fresh bullish read and helping push momentum. DA Davidson upgrade
• Positive Sentiment: Intel’s blowout quarter created a sector-wide rally that benefitted AMD (investors infer stronger CPU demand across hyperscalers), amplifying buying in AMD shares. CNBC: Intel halo lift
• Positive Sentiment: Stifel and other firms have lifted targets and the launch of the Ryzen 9 9950X3D2 (high-end CPU) strengthens AMD’s PC/gaming margins narrative—another demand/roadmap catalyst. Stifel target & Ryzen launch
• Positive Sentiment: Broader chip-market momentum is strong (SOXX notched a record win streak), signaling sustained investor interest in semiconductors and amplifying flows into AMD. SOXX streak
• Neutral Sentiment: ETF routes are highlighting AMD exposure—investors preferring diversified positions can use semiconductor ETFs (VanEck et al.) for indirect exposure. ETF exposure article
• Neutral Sentiment: GraniteShares’ YieldBOOST AMD ETF announced a weekly distribution; income-focused ETF products can attract a different buyer base but are not a direct signal on AMD fundamentals. GraniteShares distribution
• Negative Sentiment: Insider selling has been heavy recently (many disclosed sales, few/no buys), which some investors view as a cautionary signal on near-term positioning. QuiverQuant insider activity
• Negative Sentiment: Valuation and risk warnings: several articles note AMD’s rich multiples and argue other AI-chip names may offer more upside—heightening the risk if earnings or guidance disappoint. Fool valuation caution

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stock Yards Bank & Trust Co. grew its position in Advanced Micro Devices by 29.6% in the first quarter. Stock Yards Bank & Trust Co. now owns 8,106 shares of the semiconductor manufacturer’s stock valued at $1,649,000 after acquiring an additional 1,853 shares in the last quarter. Prospect Financial Services LLC lifted its position in shares of Advanced Micro Devices by 13.6% during the first quarter. Prospect Financial Services LLC now owns 1,461 shares of the semiconductor manufacturer’s stock worth $297,000 after purchasing an additional 175 shares in the last quarter. Essex Financial Services Inc. lifted its position in shares of Advanced Micro Devices by 11.4% during the first quarter. Essex Financial Services Inc. now owns 8,038 shares of the semiconductor manufacturer’s stock worth $1,635,000 after purchasing an additional 821 shares in the last quarter. Secured Retirement Advisors LLC boosted its stake in shares of Advanced Micro Devices by 12.8% in the first quarter. Secured Retirement Advisors LLC now owns 3,408 shares of the semiconductor manufacturer’s stock valued at $693,000 after purchasing an additional 388 shares during the period. Finally, Vertrix Wealth Management LLC purchased a new position in shares of Advanced Micro Devices in the first quarter valued at $532,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

The stock’s fifty day moving average is $221.80 and its two-hundred day moving average is $225.08. The firm has a market capitalization of $566.74 billion, a price-to-earnings ratio of 131.18, a price-to-earnings-growth ratio of 1.10 and a beta of 1.96. 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 issued its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.21. The firm had revenue of $10.27 billion for the quarter, compared to analyst estimates of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm’s revenue was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. Analysts forecast that Advanced Micro Devices, Inc. will post 5.78 earnings per share for the current year.

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.