Mizuho Forecasts Strong Price Appreciation for Advanced Micro Devices (NASDAQ:AMD) Stock

Advanced Micro Devices (NASDAQ:AMD) had its target price boosted by equities research analysts at Mizuho from $580.00 to $705.00 in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the semiconductor manufacturer’s stock. Mizuho’s target price would indicate a potential upside of 9.16% from the stock’s previous close.

AMD has been the subject of several other research reports. Susquehanna raised their price objective on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. Bank of America increased their target price on shares of Advanced Micro Devices from $620.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Piper Sandler began coverage on shares of Advanced Micro Devices in a report on Tuesday, September 15th. They set an “overweight” rating and a $600.00 target price for the company. Robert W. Baird set a $1,250.00 price target on shares of Advanced Micro Devices in a research report on Friday, July 24th. Finally, Truist Financial upped their price target on Advanced Micro Devices from $478.00 to $594.00 and gave the company a “buy” rating in a report 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $585.26.

Advanced Micro Devices Stock Down 0.5%

AMD opened at $645.86 on Tuesday. 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 company has a market capitalization of $1.05 trillion, a PE ratio of 166.03, a P/E/G ratio of 6.73 and a beta of 2.45. The stock’s fifty day moving average is $523.60 and its 200-day moving average is $455.44. Advanced Micro Devices has a one year low of $188.22 and a one year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company’s quarterly revenue was up 50.1% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. On average, equities analysts predict that Advanced Micro Devices will post 6.43 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Jean X. Hu sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the transaction, the executive vice president owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction that occurred on 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 transaction, the executive vice president owned 363,317 shares in the company, valued at approximately $182,766,616.85. The trade was a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 213,838 shares of company stock valued at $105,533,836 over the last 90 days. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares in the last quarter. State Street Corp grew its stake in Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock valued at $46,606,266,000 after acquiring an additional 2,149,563 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $7,022,226,000. Jennison Associates LLC increased its holdings in shares of Advanced Micro Devices by 5.8% in the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock valued at $5,793,388,000 after purchasing an additional 545,575 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Advanced Micro Devices by 33.9% in the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after purchasing an additional 2,365,419 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Citi raised its AMD price target to $800 from $575 and maintained a Buy rating, citing the potential for agentic AI—including Meta’s Muse—to drive substantial increases in computing demand. Citi’s price target boost lifts AMD shares
• Positive Sentiment: CEO Lisa Su said AI chip demand should remain “very high” for years and that AMD plans to substantially increase supply in 2027. Her meetings with Samsung and SK Hynix are focused on securing memory, foundry capacity and broader supply-chain support. AMD plans to increase supply in 2027
• Positive Sentiment: AMD’s partnership momentum is expanding: Hewlett Packard Enterprise launched additional AMD-powered AI servers, while AMD is reportedly exploring deeper collaboration with Samsung in memory and semiconductor manufacturing. AMD seeks deeper Samsung partnership
• Positive Sentiment: The planned acquisition of World Labs, reportedly valued at $8.2 billion, is intended to strengthen AMD’s exposure to physical AI and emerging AI workloads, although the investment will require meaningful execution. AMD and physical AI
• Neutral Sentiment: AMD will report fiscal third-quarter results after the market close on Nov. 3. Investors will focus on data-center growth, AI accelerator deliveries, margins, cash flow and whether customer commitments are translating into repeat deployments. AMD third-quarter earnings announcement
• Negative Sentiment: AMD’s valuation leaves little room for disappointment. Analysts note that major products such as Helios have not yet shipped at scale, while fair-value estimates near $629 are below recent trading levels. Rising Treasury yields are also pressuring high-growth technology stocks. AMD valuation concerns
• Negative Sentiment: Profit-taking is another headwind, with Ark Invest identifying AMD as its largest sale in the latest trading round. Investors are also monitoring potential dilution from warrants granted to Meta and OpenAI.

About Advanced Micro Devices

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.