Advanced Micro Devices (NASDAQ:AMD) Shares Up 6.7% – Time to Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shot up 6.7% during mid-day trading on Wednesday . The company traded as high as $304.25 and last traded at $303.46. 48,756,191 shares were traded during mid-day trading, an increase of 30% from the average session volume of 37,629,168 shares. The stock had previously closed at $284.49.

More Advanced Micro Devices News

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

• Positive Sentiment: DA Davidson upgraded AMD to Buy and raised its price target to $375, giving Wall Street a fresh bullish read and helping push momentum. DA Davidson upgrade
• Positive Sentiment: Intel’s blowout quarter created a sector-wide rally that benefitted AMD (investors infer stronger CPU demand across hyperscalers), amplifying buying in AMD shares. CNBC: Intel halo lift
• Positive Sentiment: Stifel and other firms have lifted targets and the launch of the Ryzen 9 9950X3D2 (high-end CPU) strengthens AMD’s PC/gaming margins narrative—another demand/roadmap catalyst. Stifel target & Ryzen launch
• Positive Sentiment: Broader chip-market momentum is strong (SOXX notched a record win streak), signaling sustained investor interest in semiconductors and amplifying flows into AMD. SOXX streak
• Neutral Sentiment: ETF routes are highlighting AMD exposure—investors preferring diversified positions can use semiconductor ETFs (VanEck et al.) for indirect exposure. ETF exposure article
• Neutral Sentiment: GraniteShares’ YieldBOOST AMD ETF announced a weekly distribution; income-focused ETF products can attract a different buyer base but are not a direct signal on AMD fundamentals. GraniteShares distribution
• Negative Sentiment: Insider selling has been heavy recently (many disclosed sales, few/no buys), which some investors view as a cautionary signal on near-term positioning. QuiverQuant insider activity
• Negative Sentiment: Valuation and risk warnings: several articles note AMD’s rich multiples and argue other AI-chip names may offer more upside—heightening the risk if earnings or guidance disappoint. Fool valuation caution

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMD. Weiss Ratings reiterated a “hold (c+)” rating on shares of Advanced Micro Devices in a research note on Monday, December 29th. Stifel Nicolaus lifted their target price on shares of Advanced Micro Devices from $280.00 to $320.00 and gave the company a “buy” rating in a research note on Monday. Truist Financial set a $283.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. KeyCorp reiterated an “overweight” rating and issued a $330.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Finally, UBS Group set a $310.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $296.44.

Advanced Micro Devices Price Performance

The stock’s 50-day moving average is $218.99 and its 200-day moving average is $224.08. The firm has a market cap of $566.74 billion, a P/E ratio of 131.18, a price-to-earnings-growth ratio of 1.10 and a beta of 1.96. 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 (NASDAQ:AMD) last announced its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The business had revenue of $10.27 billion for the quarter, compared to analyst estimates of $9.65 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Advanced Micro Devices’s revenue was up 34.1% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 5.78 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the transaction, the executive vice president owned 289,098 shares of the company’s stock, valued at approximately $62,679,337.38. The trade was a 6.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $214.36, for a total transaction of $26,795,000.00. Following the transaction, the chief executive officer directly owned 3,152,476 shares in the company, valued at $675,764,755.36. This trade represents a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 273,352 shares of company stock worth $59,173,070. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently bought and sold shares of the business. Focused Wealth Management Inc boosted its stake in Advanced Micro Devices by 2.7% during the first quarter. Focused Wealth Management Inc now owns 1,431 shares of the semiconductor manufacturer’s stock worth $291,000 after buying an additional 37 shares in the last quarter. HHM Wealth Advisors LLC boosted its stake in Advanced Micro Devices by 2.4% during the third quarter. HHM Wealth Advisors LLC now owns 1,742 shares of the semiconductor manufacturer’s stock worth $282,000 after buying an additional 40 shares in the last quarter. James J. Burns & Company LLC boosted its stake in Advanced Micro Devices by 2.3% during the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock worth $389,000 after buying an additional 40 shares in the last quarter. Private Wealth Management Group LLC boosted its stake in Advanced Micro Devices by 24.8% during the first quarter. Private Wealth Management Group LLC now owns 201 shares of the semiconductor manufacturer’s stock worth $41,000 after buying an additional 40 shares in the last quarter. Finally, Yoder Wealth Management Inc. boosted its stake in Advanced Micro Devices by 3.7% during the first quarter. Yoder Wealth Management Inc. now owns 1,158 shares of the semiconductor manufacturer’s stock worth $236,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds 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.