Advanced Micro Devices (NASDAQ:AMD) Shares Climb 7.3% – Still a Buy?

Posted by Stanley Muller on Nov 11th, 2026

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report)’s stock price traded up 7.3% during mid-day trading on Wednesday. The company traded as high as $567.65 and last traded at $552.90. Approximately 42,567,708 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 32,252,742 shares. The stock had previously closed at $515.21.

Trending Headlines about Advanced Micro Devices

Here are a few of the latest headlines about AMD:

Positive Sentiment: CoreWeave’s earnings beat and raised outlook helped revive confidence in AI infrastructure spending, supporting AMD and other chipmakers. UBS commentary on growing CPU sales provided another positive demand signal. Article: Why Advanced Micro Devices Stock Popped Today
Neutral Sentiment: AMD’s planned roughly $2.5 billion purchase of Anthropic shares is tied to an existing chip-supply arrangement. The deal highlights the strategic link between AMD and a major AI customer, but also represents a substantial investment commitment. Article: AMD Stocks Rise as $2.5 Billion Anthropic Stake Meets Goldman Top-Pick Call
Negative Sentiment: Some analysts remain cautious about valuation: Bank of America reportedly raised earnings estimates but cut its price target. Commentary also flags weak free cash flow and rising inventory as risks that could temper the growth story. Article: BofA Raised Its Earnings Estimates but Cut Its Target on AMD Article: Here’s The AMD Data Center Number Investors Need to Know

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wolfe Research reiterated an “outperform” rating and set a $650.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Citigroup upped their price objective on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Roth Capital raised their target price on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Wedbush restated an “outperform” rating and set a $600.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Finally, Benchmark lifted their target price on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $642.47.

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Advanced Micro Devices Stock Performance

The company has a market cap of $906.80 billion, a price-to-earnings ratio of 120.20, a P/E/G ratio of 4.90 and a beta of 2.49. The company has a current ratio of 2.72, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $548.56 and its 200 day moving average price is $417.58.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The business had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $13.10 billion. During the same period last year, the company earned $1.20 earnings per share. The company’s quarterly revenue was up 44.7% on a year-over-year basis. On average, analysts expect that Advanced Micro Devices, Inc. will post 6.93 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, 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 transaction of $7,111,200.00. Following the completion of the sale, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the sale, the chief executive officer directly owned 74,211 shares of the company’s stock, valued at approximately $37,609,392.69. This trade represents a 25.20% 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. Insiders sold a total of 230,957 shares of company stock valued at $114,799,511 over the last three months. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several large investors have recently made changes to their positions in the business. Southpoint Capital Advisors LP lifted its position in shares of Advanced Micro Devices by 50.0% during the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock worth $183,087,000 after purchasing an additional 300,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after buying an additional 291,165 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its holdings in Advanced Micro Devices by 6,968.7% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock valued at $85,995,000 after buying an additional 138,328 shares during the last quarter. Douglas Lane & Associates LLC raised its stake in Advanced Micro Devices by 2,748.0% during the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer’s stock valued at $52,582,000 after buying an additional 82,934 shares in the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. raised its stake in Advanced Micro Devices by 1,288.6% during the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer’s stock valued at $127,899,000 after buying an additional 204,315 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

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Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.