Advanced Micro Devices (NASDAQ:AMD) Upgraded at Wall Street Zen

Posted by Brenda Bartman on Oct 7th, 2026

Wall Street Zen upgraded shares of Advanced Micro Devices (NASDAQ:AMD – Free Report) from a hold rating to a buy rating in a research report released on Sunday,Wall Street Zen reports.

Several other research analysts have also commented on AMD. Wolfe Research set a $450.00 price objective on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Monday, June 15th. Morgan Stanley raised their target price on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Benchmark lifted their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Barclays downgraded Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research report on Friday, June 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Advanced Micro Devices in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $576.88.

Read Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $649.42 on Friday. The stock’s 50-day moving average is $519.28 and its 200 day moving average is $452.34. Advanced Micro Devices has a 1-year low of $188.22 and a 1-year high of $658.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The company has a market cap of $1.06 trillion, a P/E ratio of 166.95, a PEG ratio of 6.55 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The firm’s revenue was up 50.1% on a year-over-year basis. Research analysts predict that Advanced Micro Devices will post 6.43 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,261 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total value of $8,683,146.05. Following the completion of the transaction, the executive vice president owned 363,317 shares of the company’s stock, valued at approximately $182,766,616.85. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. The trade was 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 213,838 shares of company stock worth $105,533,836 in the last 90 days. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RVW Wealth LLC boosted its position in Advanced Micro Devices by 20.4% in the third quarter. RVW Wealth LLC now owns 543 shares of the semiconductor manufacturer’s stock valued at $332,000 after buying an additional 92 shares during the last quarter. Central Pacific Bank Trust Division raised its position in Advanced Micro Devices by 44.6% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,328 shares of the semiconductor manufacturer’s stock worth $9,377,000 after buying an additional 4,727 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of Advanced Micro Devices by 2.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,253 shares of the semiconductor manufacturer’s stock valued at $1,378,000 after acquiring an additional 64 shares during the last quarter. Box Hill Private Wealth LLC increased its stake in shares of Advanced Micro Devices by 2.5% in the third quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer’s stock worth $486,000 after acquiring an additional 19 shares during the period. Finally, Park National Corp OH increased its stake in shares of Advanced Micro Devices by 1.9% in the third quarter. Park National Corp OH now owns 2,305 shares of the semiconductor manufacturer’s stock worth $1,410,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Key Headlines Impacting Advanced Micro Devices

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

Positive Sentiment: Analysts raised price targets: Citigroup lifted its target to $800 from $575, Mizuho increased its target to $705 from $580, and BNP Paribas raised its target to $960 from $600. The upgrades reflect expectations that agentic AI and expanding computing workloads will boost demand for AMD’s CPUs and data-center products. Citigroup AMD price target article
Positive Sentiment: AI demand outlook remains strong: CEO Lisa Su said demand for AI chips should remain “very high” for years and that AMD plans to substantially increase supply in 2027. The company is working with suppliers in Taiwan and South Korea to secure additional wafer and memory capacity, which could allow it to capture more data-center and AI-inference sales. Reuters AMD supply article
Positive Sentiment: Meta’s Muse is viewed as a catalyst: Analysts said Meta’s AI-agent initiative could require substantial computing, memory and networking resources, benefiting AMD as demand expands beyond traditional chatbot infrastructure. Investors are also encouraged by AMD’s rapidly growing data-center business and expectations for continued earnings growth. Investopedia Meta Muse AMD article
Neutral Sentiment: AMD announced that it will release fiscal third-quarter 2026 results after the market close on November 3, followed by a conference call. The report will be an important test of AI-chip sales, data-center growth, margins and the company’s forward supply outlook. AMD earnings announcement
Negative Sentiment: Valuation raises execution risk: With AMD valued above $1 trillion and trading at a very high earnings multiple, the stock appears priced for significant AI growth. Any supply constraints, weaker-than-expected earnings or delays in new AI products could trigger volatility. Analysts also noted a wide range of price targets, highlighting disagreement about the sustainability of the rally.

About Advanced Micro Devices

(Get Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.