Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) were up 9.9% during mid-day trading on Monday . The company traded as high as $616.69 and last traded at $615.52. Approximately 43,983,280 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 33,482,965 shares. The stock had previously closed at $559.82.
Trending Headlines about Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: $1 trillion milestone: AMD became one of the few U.S. companies—and the latest major chipmaker—to surpass a $1 trillion valuation, reinforcing investor confidence in its long-term AI growth prospects. AMD becomes latest chipmaker to reach $1 trillion valuation on AI demand
- Positive Sentiment: AI demand and customer catalysts: Investors cited AMD’s expanding EPYC CPUs and Instinct accelerators, potential demand from AI agents such as Meta’s Muse, OpenAI’s reported 6-gigawatt agreement, and Oracle’s reported order for 50,000 MI450 chips. These developments support expectations for stronger data-center growth. AMD Stock Hits Fresh Record High
- Positive Sentiment: Pricing power: Reports that AMD plans to raise prices on select chips by about 10%—amid higher wafer costs and constrained high-performance computing capacity—boosted expectations for potential margin support. AMD Is About to Become a Trillion-Dollar Stock as It Hikes Chip Prices 10%
- Positive Sentiment: Favorable market backdrop: Lower Treasury yields, falling oil prices, renewed optimism around U.S.-China discussions, and a broad rally in semiconductor stocks helped amplify demand for AMD and other AI-related shares. Why are Intel and AMD stocks surging on Monday?
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $700.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Wolfe Research set a $450.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a research note on Monday, June 15th. Zacks Research cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Wedbush reissued an “outperform” rating and issued a $600.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Finally, CLSA restated an “outperform” rating and issued a $710.00 target price on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $565.12.
Advanced Micro Devices Stock Performance
The company has a market cap of $1.00 trillion, a price-to-earnings ratio of 158.23, a price-to-earnings-growth ratio of 5.81 and a beta of 2.48. The stock’s fifty day simple moving average is $494.24 and its two-hundred day simple moving average is $416.47. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion during 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%.The business’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 EPS for the current year.
Insider Activity at Advanced Micro Devices
In other news, CEO Lisa Su sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.79, for a total value of $12,669,750.00. Following the transaction, the chief executive officer directly owned 74,211 shares in the company, valued at $37,609,392.69. This trade represents a 25.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president owned 160,979 shares of the company’s stock, valued at $76,316,924.32. The trade was a 8.52% 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 sold a total of 213,838 shares of company stock valued at $105,533,836 over the last three months. Insiders own 0.50% of the company’s stock.
Hedge Funds Weigh In On Advanced Micro Devices
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after purchasing an additional 4,535,126 shares during the period. Geode Capital Management LLC boosted its position in shares of Advanced Micro Devices by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock worth $8,015,897,000 after buying an additional 287,525 shares during the period. Norges Bank acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $4,929,312,000. Invesco Ltd. grew its stake in shares of Advanced Micro Devices by 15.9% in the fourth quarter. Invesco Ltd. now owns 15,473,280 shares of the semiconductor manufacturer’s stock valued at $3,313,758,000 after buying an additional 2,124,867 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at about $7,022,226,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Company Profile
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.
Featured Articles
- Five stocks we like better than Advanced Micro Devices
- Can Bloom Energy Pop the Top Off AI’s Massive Energy Bottleneck?
- Coach’s Momentum Powers Tapestry Despite the Stock’s Sharp Pullback
- AI Is Reshaping SaaS—These 2 Software ETFs Offer Different Ways to Play It
- Insiders Signal Deep Value In DICK’s Sporting Goods
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.
