Advanced Micro Devices (NASDAQ:AMD) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report report published on Friday morning,Benzinga reports. They currently have a $665.00 price objective on the semiconductor manufacturer’s stock.

Several other research analysts have also recently issued reports on AMD. The Goldman Sachs Group lifted their target price on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a report on Monday, July 6th. KeyCorp raised their price target on shares of Advanced Micro Devices from $530.00 to $725.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Northland Securities reaffirmed a “market perform” rating and issued a $260.00 price objective on shares of Advanced Micro Devices in a research report on Monday, April 27th. William Blair assumed coverage on Advanced Micro Devices in a research note on Thursday, July 9th. They set a “market perform” rating on the stock. Finally, Sanford C. Bernstein set a $600.00 target price on Advanced Micro Devices and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $522.43.

Advanced Micro Devices Trading Down 3.3%

NASDAQ AMD opened at $521.95 on Friday. Advanced Micro Devices has a 12 month low of $149.22 and a 12 month high of $584.73. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average price is $512.60 and its 200-day moving average price is $340.69. The stock has a market cap of $851.09 billion, a P/E ratio of 171.13, a P/E/G ratio of 1.57 and a beta of 2.47.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.Advanced Micro Devices’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. As a group, equities analysts forecast that Advanced Micro Devices will post 6.25 EPS for the current fiscal year.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the transaction, the director owned 87,173 shares of the company’s stock, valued at $45,504,306. This represents a 9.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 310,310 shares of company stock valued at $141,185,456. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Joseph Group Capital Management bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $25,000. Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices in the 4th quarter worth about $27,000. Cornerstone Financial Management LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $27,000. Basepoint Wealth LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. Finally, Graney & King LLC bought a new stake in shares of Advanced Micro Devices during the first quarter valued at approximately $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD and Cerebras announced a technical partnership to combine Helios and Wafer-Scale Engine technology, aiming for faster, more efficient AI inference and up to 5x higher tokens per second per watt. AMD and Cerebras Announce Industry-Leading Ultra-Low-Latency and High Throughput AI Inference Solution
• Positive Sentiment: Wedbush raised its price target to $600, and several other firms also boosted targets after AMD’s Advancing AI 2026 event, signaling stronger Wall Street confidence in AMD’s AI data center growth. AMD price target boosted on strengthening AI outlook
• Positive Sentiment: Other commentary highlighted AMD’s new Helios AI rack system, expanded OpenAI and Anthropic-related demand, and multiple bullish analyst notes, all of which support the view that AMD is gaining share in AI infrastructure. AMD plans to invest to up $5 billion into Anthropic as it seeks to cut into Nvidia’s dominance
• Neutral Sentiment: Short-interest data showed no meaningful change in practice, with reported short interest listed as zero shares, so this item does not appear to be a real trading catalyst.
• Neutral Sentiment: The broader semiconductor sector pulled back on valuation and profit-taking concerns, which may be weighing on AMD even as company-specific AI news remains constructive. Semiconductor Crossroads: Healthy Consolidation or Deeper Repricing?
• Negative Sentiment: AMD also appeared in reports about an AI-chip selloff and weaker risk appetite, suggesting some investors are taking profits after the stock’s strong run. AI Memory Stocks Lead Chip Selloff

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.