Advanced Micro Devices (NASDAQ:AMD) Trading Up 4% Following Strong Earnings

Advanced Micro Devices, Inc. (NASDAQ:AMD) shot up 4% during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $359.57 and last traded at $355.26. 49,505,228 shares traded hands during trading, an increase of 28% from the average session volume of 38,678,938 shares. The stock had previously closed at $341.54.

The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.

Key Advanced Micro Devices News

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

• Positive Sentiment: Options and prediction markets are pricing in a bullish outcome for Q1 — heavy call/put flow and a Polymarket consensus imply traders expect an earnings beat and a sizable post-earnings move. Ahead of AMD Earnings, Here Is What Barchart Options Data Shows for AMD Stock
• Positive Sentiment: AMD is deepening its AI infrastructure story — a seed investment in RadixArk and partnerships like Zyphra Cloud running on AMD Instinct MI355X GPUs extend AMD’s addressable market beyond silicon into AI platforms and inference services. These strategic moves support the bull case heading into results. AMD Seed Investment In RadixArk Adds New Angle To AI Story
• Positive Sentiment: Sell-side support from some firms: Wedbush recently raised its price target (to $400), and media commentators (e.g., Jim Cramer) have signaled potential upside if AMD posts strong guidance — factors that can buoy investor sentiment ahead of the print. Advanced Micro Devices Given New $400.00 Price Target at Wedbush
• Neutral Sentiment: Earnings expectations are high: consensus models point to strong YoY revenue and EPS growth driven by data-center CPU/GPU demand — the upcoming guidance will likely matter more than the quarter itself for near-term direction. AMD Likely To Report Higher Q1 Earnings; Analysts Revise Forecasts
• Neutral Sentiment: Heavy options activity signals a big swing risk — implied volatility is elevated, so the stock can move sharply in either direction after the report. That’s amplifying intraday volume and price action. AMD Traders Brace for Big Swing After Earnings
• Negative Sentiment: HSBC downgraded AMD to Hold, citing valuation and production limits (CoWoS packaging bottlenecks) — that downgrade and related concerns triggered selling earlier and remain a clear near-term risk if guidance suggests supply will cap growth. Advanced Micro Devices to give up gains on predictable earnings report, HSBC says
• Negative Sentiment: Valuation and technical risk: commentators warn the rally has left AMD overbought and exposed to “sell-the-news” mean-reversion if forward guidance disappoints; concentrated insider selling and some large fund rebalances add to downside pressure. Advanced Micro Devices Technical: Steep Run-Up Ahead Of Earnings

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank Of Canada increased their target price on Advanced Micro Devices from $230.00 to $325.00 and gave the company a “sector perform” rating in a research report on Friday. DA Davidson raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and increased their target price for the company from $220.00 to $375.00 in a research report on Friday, April 24th. Benchmark reiterated a “buy” rating and set a $325.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 25th. Phillip Securities upgraded Advanced Micro Devices from a “moderate buy” rating to a “strong-buy” rating in a report on Sunday, February 8th. Finally, Susquehanna increased their price objective on Advanced Micro Devices from $300.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $303.84.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 7,500 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total transaction of $1,536,525.00. Following the sale, the executive vice president directly owned 129,598 shares of the company’s stock, valued at approximately $26,550,742.26. This trade represents a 5.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 85,000 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the sale, the chief executive officer directly owned 3,146,006 shares in the company, valued at $625,331,612.62. This represents a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 304,672 shares of company stock valued at $70,135,070 over the last quarter. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently modified their holdings of the business. Twin Capital Management Inc. grew its position in shares of Advanced Micro Devices by 18.1% during the 1st quarter. Twin Capital Management Inc. now owns 21,339 shares of the semiconductor manufacturer’s stock valued at $4,341,000 after acquiring an additional 3,264 shares during the period. Marks Group Wealth Management Inc grew its position in shares of Advanced Micro Devices by 27.9% during the 1st quarter. Marks Group Wealth Management Inc now owns 10,099 shares of the semiconductor manufacturer’s stock valued at $2,054,000 after acquiring an additional 2,205 shares during the period. Midwest Professional Planners LTD. grew its position in shares of Advanced Micro Devices by 1.2% during the 1st quarter. Midwest Professional Planners LTD. now owns 25,736 shares of the semiconductor manufacturer’s stock valued at $5,236,000 after acquiring an additional 316 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Advanced Micro Devices by 10.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 70,438 shares of the semiconductor manufacturer’s stock valued at $14,329,000 after acquiring an additional 6,472 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Advanced Micro Devices by 0.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 14,358 shares of the semiconductor manufacturer’s stock valued at $2,921,000 after acquiring an additional 98 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $579.19 billion, a price-to-earnings ratio of 134.06, a PEG ratio of 1.30 and a beta of 2.40. The stock has a 50-day moving average price of $232.51 and a 200 day moving average price of $228.39.

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.