Royal Bank Of Canada Reaffirms Sector Perform Rating for Advanced Micro Devices (NASDAQ:AMD)

Posted by Brenda Bartman on Aug 5th, 2026

Advanced Micro Devices (NASDAQ:AMD – Get Free Report)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report issued on Wednesday,Benzinga reports. They presently have a $540.00 price objective on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 11.63% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus upped their price target on Advanced Micro Devices from $450.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, July 10th. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $1,250.00 price objective on Advanced Micro Devices in a report on Friday, July 24th. HSBC downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and upped their target price for the company from $335.00 to $340.00 in a research report on Monday, May 4th. Finally, Wolfe Research set a $450.00 target price on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research note on Monday, June 15th. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $535.97.

View Our Latest Stock Report on AMD

Advanced Micro Devices Trading Down 6.7%

AMD stock traded down $34.84 during trading on Wednesday, hitting $483.74. The company had a trading volume of 27,727,094 shares, compared to its average volume of 36,166,105. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $516.06 and a 200-day moving average price of $354.63. Advanced Micro Devices has a 12 month low of $149.22 and a 12 month high of $584.73. The stock has a market cap of $788.79 billion, a price-to-earnings ratio of 158.60 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted 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. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. As a group, analysts predict that Advanced Micro Devices will post 6.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Paul Darren Grasby sold 24,376 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of the transaction, the executive vice president directly owned 105,222 shares in the company, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 310,310 shares of company stock valued at $141,185,456 in the last ninety days. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMD. First National Bank of Hutchinson boosted its position in shares of Advanced Micro Devices by 0.4% during the second quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer’s stock worth $3,276,000 after purchasing an additional 22 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in Advanced Micro Devices by 12.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer’s stock valued at $43,000 after acquiring an additional 24 shares during the period. Trust Co of the South increased its holdings in shares of Advanced Micro Devices by 1.5% in the second quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer’s stock worth $1,014,000 after acquiring an additional 25 shares in the last quarter. Beaird Harris Wealth Management LLC raised its position in shares of Advanced Micro Devices by 9.4% during the second quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer’s stock worth $169,000 after purchasing an additional 25 shares during the period. Finally, Veery Capital LLC raised its position in shares of Advanced Micro Devices by 1.0% during the second quarter. Veery Capital LLC now owns 2,793 shares of the semiconductor manufacturer’s stock worth $1,622,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Key Advanced Micro Devices News

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

Positive Sentiment: AMD reported record second-quarter revenue of $11.54 billion, up 50.1% year over year, while adjusted EPS of $1.66 exceeded the $1.62 consensus estimate. Data-center revenue more than doubled to approximately $6.7 billion, and gross margin improved to 56%. AMD Q2 earnings report
Positive Sentiment: Management forecast third-quarter revenue of $12.7 billion to $13.3 billion, above the roughly $12.4 billion consensus estimate. Executives also said data-center growth should accelerate late in 2026 and could more than double in 2027 as the Helios rack-scale AI platform ramps. AMD Q2 earnings call points to faster data center growth
Positive Sentiment: Several analysts remained bullish. Wedbush reaffirmed an Outperform rating with a $600 target, Cantor Fitzgerald maintained Overweight with a $700 target, and Susquehanna raised its target to $550, citing accelerating AI-GPU and data-center demand. Analyst raises AMD price target
Neutral Sentiment: AMD said server-CPU demand is strong enough to pressure supply, with management expecting improved conditions and stronger growth in 2027. Partnerships with Meta, OpenAI and Anthropic are also intended to improve software optimization on AMD’s platform, potentially strengthening its AI ecosystem.
Negative Sentiment: The earnings and guidance beats were viewed as modest relative to AMD’s elevated expectations after a substantial rally. Investors wanted clearer evidence that AI spending will translate into faster near-term growth and a larger Helios contribution. AMD falls as investors seek bigger AI payoff
Negative Sentiment: Analysts raised concerns about the margin outlook, the cost of building and deploying AI infrastructure, and AMD’s valuation, including a reported P/E above 150. Competitive pressure from Nvidia was highlighted after SpaceX said it plans to use Nvidia chips exclusively for future AI infrastructure. Three reasons AMD stock is falling

Advanced Micro Devices Company Profile

(Get Free Report)

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.