Advanced Micro Devices (NASDAQ:AMD) Stock Keeps Buy Rating at Rosenblatt Securities

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “buy” rating restated by Rosenblatt Securities in a note issued to investors on Tuesday, Benzinga reports. They currently have a $700.00 price target on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 15.25% from the stock’s previous close.

A number of other research firms have also recently commented on AMD. Truist Financial raised their target price on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Piper Sandler initiated coverage on Advanced Micro Devices in a research note on Tuesday, September 15th. They issued an “overweight” rating and a $600.00 price target for the company. BMO Capital Markets assumed coverage on Advanced Micro Devices in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective on the stock. Finally, Melius Research set a $660.00 target price on Advanced Micro Devices in a research note on Friday, July 24th. Three equities 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $567.63.

Advanced Micro Devices Stock Down 0.0%

Shares of NASDAQ:AMD traded down $0.22 during trading on Tuesday, reaching $607.35. 9,065,830 shares of the stock traded hands, compared to its average volume of 32,981,219. The stock has a market cap of $991.49 billion, a P/E ratio of 156.24, a price-to-earnings-growth ratio of 6.31 and a beta of 2.48. Advanced Micro Devices has a 52-week low of $160.49 and a 52-week high of $639.00. 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 50-day moving average of $507.70 and a two-hundred day moving average of $437.13.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same quarter last year, the company earned $0.48 EPS. The company’s quarterly revenue was up 50.1% compared to the same quarter last year. As a group, sell-side analysts expect that Advanced Micro Devices will post 6.43 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction dated Tuesday, September 15th. The shares were 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 $182,766,616.85. This trade represents a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 70,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,032,156 shares of the company’s stock, valued at $1,536,696,660.80. The trade was a 2.26% decrease in their ownership of the stock. 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 have sold 213,838 shares of company stock worth $105,533,836 over the last quarter. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMD. Greenwich Wealth Management LLC purchased a new stake in Advanced Micro Devices in the 2nd quarter valued at approximately $396,000. QRG Capital Management Inc. increased its stake in shares of Advanced Micro Devices by 15.7% in the second quarter. QRG Capital Management Inc. now owns 287,822 shares of the semiconductor manufacturer’s stock worth $168,236,000 after buying an additional 38,976 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Advanced Micro Devices by 37.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,826 shares of the semiconductor manufacturer’s stock valued at $13,445,000 after buying an additional 6,227 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Advanced Micro Devices by 33.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,038,346 shares of the semiconductor manufacturer’s stock worth $649,385,000 after purchasing an additional 257,351 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Advanced Micro Devices by 2.9% in the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after acquiring an additional 2,149,563 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD agreed to acquire World Labs for approximately $8.2 billion in an all-stock transaction. The deal adds spatial-intelligence and 3D “world model” technology relevant to robotics, simulation and physical AI. World Labs founder Fei-Fei Li will become AMD’s executive vice president and chief scientist, potentially strengthening AMD’s software, research and system-level AI capabilities. AMD to acquire Fei-Fei Li’s World Labs in $8.2 billion deal
• Positive Sentiment: Demand for AMD’s AI infrastructure received a significant validation after Hewlett Packard Enterprise secured a reported $1.2 billion order from Vultr for AMD Helios AI rack systems. The order helped HPE raise its networking growth outlook and supports expectations for broader deployments of AMD accelerators and rack-scale systems. Hewlett Packard Enterprise jumps on AMD order
• Positive Sentiment: Analysts and market commentators remain optimistic about AI-related CPU and GPU demand. Jim Cramer highlighted rising demand from agentic AI workloads, while Rosenblatt reaffirmed a Buy rating with a $700 price target; President Capital also raised its target to $630. Jim Cramer says AMD’s incredible run isn’t over
• Neutral Sentiment: AMD launched Ross, an AI assistant intended to help engineers with embedded-software development. The product reinforces AMD’s push toward AI-enabled tools, although its near-term revenue impact remains uncertain. AMD Stock Slips Despite the Launch of AI Agent Ross
• Negative Sentiment: The World Labs acquisition is strategically ambitious but expensive and could dilute existing shareholders because it is all-stock. Investors are also questioning whether AMD’s already-rerated valuation leaves enough room for execution mistakes.
• Negative Sentiment: ARK Invest, led by Cathie Wood, sold more than $110 million of AMD and shifted funds toward Nvidia and Broadcom. The move may reinforce concerns about profit-taking and relative competitive positioning after AMD’s powerful advance. Cathie Wood sells AMD and buys Nvidia and Broadcom

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.