Advanced Micro Devices (NASDAQ:AMD) Shares Up 1.8% – Still a Buy?

Posted by Brian Himes on Oct 21st, 2026

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report)’s share price traded up 1.8% on Monday. The company traded as high as $554.41 and last traded at $538.05. Approximately 20,100,671 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 32,165,760 shares. The stock had previously closed at $528.75.

Key Stories Impacting Advanced Micro Devices

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

Positive Sentiment: Expanded AI infrastructure partnership: Vultr plans to deploy AMD Instinct MI355X GPUs in a new 20-megawatt supercluster in Chennai, India. The project would become India’s largest AMD Instinct deployment and supports AMD’s efforts to gain share in enterprise and sovereign AI computing. Vultr and AMD Expand Global Collaboration
Positive Sentiment: AI spending remains supportive: Stronger-than-expected updates from Super Micro Computer and SpaceX revived optimism that spending on AI servers and related infrastructure remains robust, lifting AMD and other semiconductor stocks in premarket trading. Why Nvidia AMD and Intel Stocks Are Surging
Positive Sentiment: Analyst support and server demand: Wedbush reaffirmed an outperform rating with a $600 price target, citing potential upside from server CPU demand. The firm’s view provides a near-term catalyst ahead of AMD’s third-quarter earnings report. Advanced Micro Devices Server CPU Demand
Neutral Sentiment: Upcoming earnings are pivotal: Investors are focused on the expected November 3 report, with results and guidance likely to determine whether AMD’s strong AI and data-center growth can justify its substantial recent gains.
Negative Sentiment: Valuation and AI-cycle concerns remain: AMD’s valuation is demanding, with the provided data showing a P/E ratio above 137. Analysts and investors remain concerned that AI spending could slow, margins could be pressured during the Helios ramp, or financing issues in the data-center ecosystem could increase volatility. Should You Buy the Dip

Analyst Ratings Changes

Several research analysts have issued reports on AMD shares. Susquehanna increased their price objective on Advanced Micro Devices from $550.00 to $620.00 and gave the stock a “positive” rating in a research report on Wednesday. Benchmark raised their target price on Advanced Micro Devices from $485.00 to $685.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Sanford C. Bernstein restated an “outperform” rating and set a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Bank of America upped their price target on shares of Advanced Micro Devices from $620.00 to $720.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.76.

Check Out Our Latest Stock Analysis on Advanced Micro Devices

Advanced Micro Devices Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The company’s fifty day simple moving average is $539.60 and its two-hundred day simple moving average is $478.81. The stock has a market capitalization of $872.95 billion, a PE ratio of 137.47, a P/E/G ratio of 5.52 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.50 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Paul Grasby sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the completion of the transaction, the executive vice president directly owned 117,687 shares of the company’s stock, valued at $60,598,213.17. This trade represents a 11.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction that occurred 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 transaction, the executive vice president owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This 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. Over the last 90 days, insiders sold 231,100 shares of company stock worth $114,867,400. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares during the last quarter. State Street Corp raised its position in shares of Advanced Micro Devices by 2.9% in the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock valued at $46,606,266,000 after buying an additional 2,149,563 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $7,022,226,000. Jennison Associates LLC raised its position 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 valued at $5,793,388,000 after buying an additional 545,575 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Advanced Micro Devices by 33.9% in the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock valued at $5,422,444,000 after buying an additional 2,365,419 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.