Advanced Micro Devices (NASDAQ:AMD) Trading Up 1.6% – Should You Buy?

Posted by George Bondi on Sep 16th, 2026

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) shares were up 1.6% on Wednesday . The stock traded as high as $527.25 and last traded at $512.50. Approximately 22,086,683 shares were traded during trading, a decline of 34% from the average session volume of 33,486,961 shares. The stock had previously closed at $504.20.

Key Headlines Impacting Advanced Micro Devices

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

Positive Sentiment: Another bullish analyst endorsement supported the move. Piper Sandler reiterated its Overweight rating and maintained a $600 price target, citing confidence that AMD’s CPU and GPU product ramps remain on schedule and that demand continues to exceed supply. Why Advanced Micro Devices Stock Just Popped
Positive Sentiment: AI infrastructure demand remains the central catalyst. Recent quarterly results showed revenue growth of roughly 50% year over year and data-center revenue growth of more than 100%, while management’s third-quarter outlook reinforced expectations for accelerating second-half growth from server and AI products. Investors also see AMD benefiting as inference workloads expand and cloud providers continue increasing capital expenditures. AMD rises as upbeat AI demand commentary and chip-sector rebound support shares
Positive Sentiment: Product ecosystem developments added support. AMD and SiFive demonstrated AMD ROCm software running on RISC-V data-center hardware, while AMD is reportedly validating Micron’s high-density server memory modules for future platforms. These developments could improve AMD’s competitiveness in AI and server deployments. SiFive and AMD Collaborate to Optimize AMD ROCm on RISC-V Datacenter Servers
Neutral Sentiment: Technical momentum improved as AMD rebounded with the semiconductor sector, although analysts identified potential resistance near $530. Broader ETF gains also reflected strength in AMD and other chip stocks rather than a new company filing.
Negative Sentiment: Insider selling and elevated valuation remain risks. AMD insiders, including CEO Lisa Su, have reported substantial sales under pre-arranged trading plans, with no reported open-market purchases in the past six months. Analysts also caution that the stock’s valuation already discounts significant future AI and data-center expansion, leaving shares vulnerable if product ramps or demand disappoint. Advanced Micro Devices Stock Price Down After Insider Selling

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Barclays cut Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research note on Friday, June 12th. Truist Financial increased their price objective on Advanced Micro Devices from $478.00 to $594.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Wolfe Research set a $450.00 price objective on Advanced Micro Devices and gave the stock an “outperform” rating in a report on Monday, June 15th. Finally, Wall Street Zen raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $565.12.

Read Our Latest Analysis on AMD

Advanced Micro Devices Stock Up 1.6%

The company has a market cap of $836.64 billion, a P/E ratio of 131.75, a price-to-earnings-growth ratio of 5.12 and a beta of 2.48. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $494.34 and a 200 day moving average of $409.33.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The company 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 12.30% and a net margin of 15.58%.Advanced Micro Devices’s revenue was up 50.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Forrest Norrod sold 17,261 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the completion of the sale, the executive vice president owned 373,317 shares of the company’s stock, valued at $171,707,154.15. The trade was a 4.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This trade represents a 2.23% 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 196,577 shares of company stock valued at $96,850,690 in the last 90 days. 0.50% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

Several hedge funds have recently bought and sold shares of AMD. BlackRock Inc. increased its holdings in Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Advanced Micro Devices by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock valued at $8,015,897,000 after purchasing an additional 287,525 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Advanced Micro Devices in the second quarter worth approximately $7,022,226,000. Jennison Associates LLC increased its stake in shares of Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after purchasing an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Advanced Micro Devices by 33.9% during 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 purchasing an additional 2,365,419 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

(Get Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.