Rosenblatt Securities Boosts Advanced Micro Devices (NASDAQ:AMD) Price Target to $700.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective upped by equities researchers at Rosenblatt Securities from $665.00 to $700.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Rosenblatt Securities’ target price indicates a potential upside of 45.21% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Northland Securities reissued a “market perform” rating and set a $260.00 target price on shares of Advanced Micro Devices in a research report on Monday, April 27th. BTIG Research raised Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Jefferies Financial Group set a $650.00 target price on Advanced Micro Devices in a research note on Wednesday. Needham & Company LLC raised Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Finally, Bank of America increased their price target on Advanced Micro Devices from $550.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $540.30.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $482.05 on Thursday. The company has a market cap of $786.03 billion, a PE ratio of 123.92 and a beta of 2.48. The firm’s 50 day moving average price is $515.79 and its 200-day moving average price is $356.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. Advanced Micro Devices has a 52-week low of $149.22 and a 52-week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.52% and a net margin of 15.58%.The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same period in the previous year, the company posted $0.48 EPS. The business’s revenue for the quarter was up 50.1% compared to the same quarter last year. Sell-side analysts forecast that Advanced Micro Devices will post 6.27 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 6,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the sale, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at approximately $661,663,348.71. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This represents a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 310,310 shares of company stock valued at $141,185,456 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $4,929,312,000. Jennison Associates LLC raised its stake in Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after purchasing an additional 7,035,991 shares during the period. Cardano Risk Management B.V. acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $1,000,783,000. Wellington Management Group LLP increased its holdings in shares of Advanced Micro Devices by 335.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock worth $784,330,000 after buying an additional 3,735,807 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Advanced Micro Devices by 340.1% during the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock valued at $1,016,796,000 after buying an additional 3,669,054 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD reported record second-quarter revenue of $11.54 billion, up 50.1% year over year, and adjusted EPS of $1.66, beating analyst estimates. Data Center revenue more than doubled to approximately $6.7 billion, while gross margin expanded to about 56%. AMD forecasts upbeat revenue on AI data-center demand, beats quarterly estimates
• Positive Sentiment: Management issued third-quarter revenue guidance of $12.7 billion to $13.3 billion, above the roughly $12.4 billion consensus, and said Data Center revenue could more than double in 2027 as its Helios AI platform ramps. AMD tops Q2 earnings estimates and provides strong outlook
• Positive Sentiment: Several analysts maintained bullish ratings or raised price targets, citing accelerating data-center demand, server CPU growth and the long-term AI opportunity. Goldman Sachs maintained a Buy rating and a $640 target, while other targets included $600 and $700. Why Wall Street Just Raised Its Price Target on AMD
• Neutral Sentiment: The earnings reaction reflects a “good, but not good enough” setup: AMD beat formal estimates, but investors wanted a much larger AI revenue trajectory, faster margin expansion and clearer evidence that Helios can narrow Nvidia’s lead.
• Negative Sentiment: Higher capital spending for AI and data-center expansion raised concerns that growth will require substantial investment and could limit near-term profitability. AMD’s valuation—already demanding after a substantial year-to-date rally—left little room for a modest upside surprise. 3 reasons AMD’s stock is falling in the face of its latest earnings report
• Negative Sentiment: Competitive concerns intensified after Elon Musk said SpaceX would use Nvidia chips exclusively for future AI infrastructure, highlighting Nvidia’s stronger customer position. Separately, a weak SanDisk outlook pressured AI and memory-chip stocks broadly. Why Nvidia, Micron and AMD are down after SanDisk shock
• Negative Sentiment: Short interest reached a two-week high as traders bet the post-earnings weakness may persist in the near term, adding pressure to AMD shares despite the company’s strong operating results. AMD stock short volume hits two-week high

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.