Advanced Micro Devices (NASDAQ:AMD) Hits New 1-Year High – What’s Next?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) hit a new 52-week high on Tuesday . The stock traded as high as $564.76 and last traded at $553.7030, with a volume of 3830284 shares changing hands. The stock had previously closed at $539.49.

More Advanced Micro Devices News

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

• Positive Sentiment: UBS and other analysts raised price targets on AMD, citing stronger long-term upside and improving earnings outlook. UBS Raises PT on Advanced Micro Devices (AMD)
• Positive Sentiment: Erste Group increased its FY2027 EPS estimate for AMD, suggesting confidence in the company’s future profitability.
• Positive Sentiment: AMD’s Versal Gen 2 launch, UK investment, and MEXT acquisition strengthen its AI and data-center growth narrative. AMD Just Acquired MEXT to Crack the Memory Optimization Problem
• Neutral Sentiment: Some commentary notes AMD has already rallied sharply, so the stock’s valuation is a point of debate among investors. AMD Stock Is Crushing Nvidia’s in 2026. Will That Continue?
• Neutral Sentiment: Semiconductor stocks were briefly pressured by quarter-end positioning and macro caution, though broader tech sentiment improved afterward. Why are Intel, AMD, ARM stocks selling off today?

Wall Street Analyst Weigh In

Several equities research analysts have commented on AMD shares. Rosenblatt Securities upped their price objective on Advanced Micro Devices from $300.00 to $490.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $615.00 target price (up from $505.00) on shares of Advanced Micro Devices in a report on Tuesday. Loop Capital upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Tuesday, June 16th. Evercore reiterated an “outperform” rating and issued a $579.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, May 19th. Finally, Wolfe Research set a $450.00 price target on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a report on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $448.78.

Advanced Micro Devices Stock Up 3.3%

The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $450.43 and a 200-day simple moving average of $298.88. The company has a market cap of $908.88 billion, a PE ratio of 182.52, a P/E/G ratio of 1.54 and a beta of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s revenue was up 37.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares in the company, valued at approximately $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. The trade was a 4.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 378,032 shares of company stock worth $161,876,596 in the last 90 days. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Joseph Group Capital Management purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $30,000. Finally, Graney & King LLC acquired a new stake in shares of Advanced Micro Devices in the first quarter worth approximately $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.