Advanced Micro Devices (NASDAQ:AMD) Trading 6.5% Higher – Time to Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares shot up 6.5% on Friday . The company traded as high as $514.67 and last traded at $514.39. Approximately 25,348,001 shares were traded during mid-day trading, a decline of 29% from the average session volume of 35,644,582 shares. The stock had previously closed at $483.01.

Key Advanced Micro Devices News

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

• Positive Sentiment: Baird issued a bullish $1,250 price target, suggesting substantial upside and helping drive renewed investor interest after AMD’s recent volatility. Broadcom Sinks as BofA Flags AI Debt, AMD Climbs on Baird’s Call
• Positive Sentiment: AMD announced day-one support for the Qwen3.8 27B AI model, reinforcing the company’s software and platform ecosystem as competition in AI computing intensifies. AMD Stock Rises as Qwen3.8 27B Gets Day-One Support
• Positive Sentiment: Bank of America raised its 2030 server-CPU market forecast to more than $210 billion from approximately $170 billion, citing demand from AI agents. AMD was selected as one of the bank’s preferred semiconductor investments. Why Is AMD Stock Gaining?
• Neutral Sentiment: AMD is seeking to raise roughly $4 billion to $5 billion through its largest-ever bond offering. Proceeds are intended to support AI expansion, partnerships and general corporate purposes, providing growth capital while increasing financing obligations. AMD Prepares Record $5 Billion Bond Sale
• Negative Sentiment: AMD’s valuation remains demanding after its strong earnings and AI-related rally, leaving the stock sensitive to any disappointment in growth, margins or execution. AMD Stock Can Halve or Nearly Double
• Negative Sentiment: Investors continue to monitor Nvidia’s competitive advantages, including reports that SpaceX will use Nvidia chips exclusively, as well as China-related risks. Recent insider activity has also consisted largely of sales, although one reported transaction was conducted under a pre-arranged Rule 10b5-1 plan. Is AMD in Trouble as SpaceX Goes Exclusive With Nvidia?

Analyst Ratings Changes

Several brokerages have recently commented on AMD. Wolfe Research set a $450.00 price objective on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research report on Monday, June 15th. Wells Fargo & Company increased their price target on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Barclays cut Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a report on Friday, June 12th. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $700.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $546.87.

Advanced Micro Devices Stock Up 6.5%

The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $510.81 and a 200-day moving average price of $366.44. The stock has a market capitalization of $839.73 billion, a P/E ratio of 132.23 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.During the same period in the prior year, the company earned $0.48 earnings per share. The firm’s revenue was up 50.1% on a year-over-year basis. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 6,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the transaction, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at approximately $661,663,348.71. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the sale, the director directly owned 87,173 shares in the company, valued at approximately $45,504,306. The trade was a 9.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 161,077 shares of company stock valued at $74,732,145 in the last 90 days. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First National Bank of Hutchinson increased its position in shares of Advanced Micro Devices by 0.4% during the 2nd quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer’s stock valued at $3,276,000 after purchasing an additional 22 shares during the last quarter. Park Place Capital Corp lifted its position in Advanced Micro Devices by 19.5% in the second quarter. Park Place Capital Corp now owns 141 shares of the semiconductor manufacturer’s stock worth $82,000 after buying an additional 23 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in Advanced Micro Devices by 12.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer’s stock worth $43,000 after buying an additional 24 shares during the period. Trust Co of the South boosted its stake in Advanced Micro Devices by 1.5% during the second quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer’s stock worth $1,014,000 after buying an additional 25 shares during the period. Finally, Beaird Harris Wealth Management LLC increased its position in Advanced Micro Devices by 9.4% during the second quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer’s stock valued at $169,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

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.