Advanced Micro Devices (NASDAQ:AMD) Stock Price Expected to Rise, DA Davidson Analyst Says

Posted by Geri Gentry on Nov 4th, 2026

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) had its price objective boosted by stock analysts at DA Davidson from $550.00 to $600.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. DA Davidson‘s price target suggests a potential upside of 23.99% from the company’s previous close.

A number of other research firms also recently commented on AMD. TD Cowen reiterated a “buy” rating on shares of Advanced Micro Devices in a report on Monday, October 19th. Sanford C. Bernstein restated an “outperform” rating on shares of Advanced Micro Devices in a report on Wednesday. Piper Sandler initiated coverage on Advanced Micro Devices in a research report on Tuesday, September 15th. They set an “overweight” rating and a $600.00 target price for the company. Truist Financial set a $605.00 price target on Advanced Micro Devices in a research note on Wednesday. Finally, BMO Capital Markets started coverage on shares of Advanced Micro Devices in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $608.49.

Read Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Trading Up 3.7%

AMD opened at $483.90 on Wednesday. The firm has a 50 day simple moving average of $548.70 and a 200 day simple moving average of $411.73. Advanced Micro Devices has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The company has a market cap of $789.95 billion, a price-to-earnings ratio of 124.40, a price-to-earnings-growth ratio of 4.79 and a beta of 2.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The firm’s quarterly revenue was up 44.7% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Micro Devices will post 6.50 earnings per share for the current year.

Insider Activity

In other news, CEO Lisa T. Su sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value of $12,669,750.00. Following the completion of the transaction, the chief executive officer owned 74,211 shares in the company, valued at $37,609,392.69. This represents a 25.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 the 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 directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This represents a 2.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 231,100 shares of company stock worth $114,867,400. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. rebel Financial LLC acquired a new stake in Advanced Micro Devices in the third quarter worth about $234,000. StoneRidge PMG Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at about $2,175,000. Burton Enright Welch grew its position in shares of Advanced Micro Devices by 4.5% in the third quarter. Burton Enright Welch now owns 1,030 shares of the semiconductor manufacturer’s stock valued at $630,000 after purchasing an additional 44 shares during the period. Beverly Hills Private Wealth LLC lifted its holdings in shares of Advanced Micro Devices by 6.4% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 635 shares of the semiconductor manufacturer’s stock worth $388,000 after acquiring an additional 38 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC boosted its position in shares of Advanced Micro Devices by 6.1% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 10,791 shares of the semiconductor manufacturer’s stock worth $6,602,000 after purchasing an additional 622 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Advanced Micro Devices

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

Positive Sentiment: Quarterly results beat expectations. AMD reported fiscal Q3 adjusted EPS of $2.09 and revenue of $13.38 billion, ahead of analyst forecasts. Data-center revenue rose 97% year over year to $8.55 billion, powered by record sales of Instinct GPUs and EPYC CPUs. Reuters report
Positive Sentiment: Outlook reinforces the AI growth story. Management forecast about $17 billion in Q4 revenue, above expectations, and expects AI data-center revenue to more than double in 2027. The outlook helped ease concerns about whether AI-chip spending can sustain its pace. Benzinga report
Positive Sentiment: Analyst support adds to investor confidence. TD Cowen called AMD a top pick, citing strong AI momentum after the results, while Wedbush reiterated an Outperform rating and a $600 price target. TipRanks report
Neutral Sentiment: Broader U.S. futures also rebounded in morning trading, providing a supportive market backdrop, though this move was not specific to AMD. Barchart report
Negative Sentiment: Execution and valuation risks remain. The Q4 adjusted gross-margin outlook of 55% was slightly below analyst expectations, and AMD faces tight supplies of high-bandwidth memory needed for AI processors. Commentary also flagged rising inventory and weaker free cash flow as potential costs of the rapid expansion; AMD’s high valuation leaves less room for execution misses. Economic Times report

Advanced Micro Devices Company Profile

(Get Free Report)

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

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