Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 9.9% – Here’s What Happened

Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 9.9% during trading on Monday . The company traded as high as $616.69 and last traded at $615.52. 43,983,280 shares traded hands during trading, an increase of 31% from the average session volume of 33,482,965 shares. The stock had previously closed at $559.82.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: $1 trillion milestone: AMD became one of the few U.S. companies—and the latest major chipmaker—to surpass a $1 trillion valuation, reinforcing investor confidence in its long-term AI growth prospects. AMD becomes latest chipmaker to reach $1 trillion valuation on AI demand
• Positive Sentiment: AI demand and customer catalysts: Investors cited AMD’s expanding EPYC CPUs and Instinct accelerators, potential demand from AI agents such as Meta’s Muse, OpenAI’s reported 6-gigawatt agreement, and Oracle’s reported order for 50,000 MI450 chips. These developments support expectations for stronger data-center growth. AMD Stock Hits Fresh Record High
• Positive Sentiment: Pricing power: Reports that AMD plans to raise prices on select chips by about 10%—amid higher wafer costs and constrained high-performance computing capacity—boosted expectations for potential margin support. AMD Is About to Become a Trillion-Dollar Stock as It Hikes Chip Prices 10%
• Positive Sentiment: Favorable market backdrop: Lower Treasury yields, falling oil prices, renewed optimism around U.S.-China discussions, and a broad rally in semiconductor stocks helped amplify demand for AMD and other AI-related shares. Why are Intel and AMD stocks surging on Monday?

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Roth Capital increased their price target on Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Wolfe Research set a $450.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a report on Monday, June 15th. CLSA reaffirmed an “outperform” rating and set a $710.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. Rosenblatt Securities lifted their target price on Advanced Micro Devices from $665.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Morgan Stanley boosted their price target on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $565.12.

Advanced Micro Devices Stock 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 stock has a market capitalization of $1.00 trillion, a PE ratio of 158.23, a P/E/G ratio of 5.81 and a beta of 2.48. The firm has a 50 day moving average of $494.24 and a 200-day moving average of $416.47.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same period in the prior year, the firm posted $0.48 EPS. The business’s revenue was up 50.1% compared to the same quarter last year. Research analysts forecast that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Forrest Norrod sold 17,261 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the completion of the sale, the executive vice president owned 363,317 shares in the company, valued at approximately $182,766,616.85. This represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares of the company’s stock, valued at $76,316,924.32. The trade was a 8.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 213,838 shares of company stock valued at $105,533,836. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First National Bank of Hutchinson raised its stake 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 worth $3,276,000 after buying an additional 22 shares during the last quarter. Delta Asset Management LLC TN boosted its position in shares of Advanced Micro Devices by 1.5% in the 2nd quarter. Delta Asset Management LLC TN now owns 1,497 shares of the semiconductor manufacturer’s stock worth $870,000 after buying an additional 22 shares in the last quarter. Park Place Capital Corp grew its stake in Advanced Micro Devices by 19.5% in the 2nd quarter. Park Place Capital Corp now owns 141 shares of the semiconductor manufacturer’s stock valued at $82,000 after acquiring an additional 23 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in Advanced Micro Devices by 12.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer’s stock valued at $43,000 after acquiring an additional 24 shares in the last quarter. Finally, Round Rock Advisors LLC raised its position in Advanced Micro Devices by 2.3% during the second quarter. Round Rock Advisors LLC now owns 1,048 shares of the semiconductor manufacturer’s stock worth $609,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.