Morgan Stanley Issues Positive Forecast for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Advanced Micro Devices (NASDAQ:AMD) had its price target hoisted by stock analysts at Morgan Stanley from $360.00 to $410.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor manufacturer’s stock. Morgan Stanley’s price target would indicate a potential upside of 15.41% from the company’s previous close.

Several other research analysts have also recently issued reports on AMD. Northland Securities reissued a “market perform” rating and set a $260.00 price target on shares of Advanced Micro Devices in a report on Monday, April 27th. Wall Street Zen raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 26th. Royal Bank Of Canada increased their price objective on Advanced Micro Devices from $230.00 to $325.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Wells Fargo & Company reiterated an “overweight” rating and issued a $345.00 price objective on shares of Advanced Micro Devices in a research report on Friday, January 30th. Finally, TD Cowen reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $340.46.

Advanced Micro Devices Stock Up 4.0%

Shares of NASDAQ:AMD opened at $355.26 on Wednesday. The company has a market cap of $579.19 billion, a price-to-earnings ratio of 134.06, a PEG ratio of 1.23 and a beta of 2.40. The firm’s 50-day simple moving average is $235.61 and its 200-day simple moving average is $229.21. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04. Advanced Micro Devices has a fifty-two week low of $96.88 and a fifty-two week high of $362.79.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. As a group, equities research analysts predict that Advanced Micro Devices will post 5.82 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 7,500 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00. Following the completion of the transaction, the executive vice president owned 129,598 shares in the company, valued at approximately $26,550,742.26. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total value of $4,216,954.50. Following the completion of the transaction, the executive vice president owned 289,098 shares of the company’s stock, valued at approximately $62,679,337.38. This represents a 6.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 304,672 shares of company stock worth $70,135,070. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Joseph Group Capital Management purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at $27,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at $27,000. Basepoint Wealth LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at $30,000. Finally, Wilkerson Advisory Group LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Q1 beat and bullish guidance — AMD reported above-consensus Q1 results and raised Q2 revenue guidance (roughly $10.9B–$11.5B / ~$11.2B midpoint), driven by a big jump in data-center (AI) sales; that beat-and-raise is the primary catalyst for the rally. Read More.
• Positive Sentiment: AI & data-center demand conviction — Management highlighted strong EPYC/Instinct adoption and secured memory supply for AI deployments, supporting multi‑quarter revenue visibility for server CPUs and accelerators. Read More.
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms raised ratings/targets (Goldman, Truist, Wedbush, Bernstein among others), adding momentum and buy-side conviction after the results. Read More.
• Neutral Sentiment: Macro tailwind — improved risk sentiment from reports of progress toward a U.S.‑Iran deal lifted futures and helped tech names broadly, amplifying AMD’s earnings move. Read More.
• Neutral Sentiment: Partnerships & ecosystem traction — recent cloud and partner announcements (e.g., Zyphra, Riot expansions) validate product wins but are longer‑lead revenue signals rather than immediate upside. Read More.
• Negative Sentiment: Supply‑chain and production constraints — analysts and industry write‑ups flag packaging (CoWoS) bottlenecks and capacity limits that could cap near‑term fulfillment, a key reason some investors remain cautious. Read More.
• Negative Sentiment: Valuation and profit‑taking concerns — HSBC and others flagged valuation/peak expectations ahead of earnings; notable insider/institutional selling and rotations have been reported, creating downside risk if guidance or margins slip. Read More.
• Negative Sentiment: Near‑term margin/price risks — management noted that rising memory/pricing dynamics could pressure PC/gaming end markets even as AI/data‑center revenue accelerates, which investors will watch for in upcoming quarters. Read More.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.