Advanced Micro Devices (NASDAQ:AMD) Given New $550.00 Price Target at JPMorgan Chase & Co.

Advanced Micro Devices (NASDAQ:AMD) had its target price boosted by JPMorgan Chase & Co. from $385.00 to $550.00 in a research note issued to investors on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the semiconductor manufacturer’s stock.

Several other equities analysts have also recently weighed in on the stock. Citigroup raised shares of Advanced Micro Devices from a “market perform” rating to a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada restated a “sector perform” rating and set a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Northland Securities reissued a “market perform” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a report on Monday, April 27th. Roth Capital raised their target price on Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus upped their price target on shares of Advanced Micro Devices from $450.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $546.87.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $489.28 on Wednesday. The stock has a fifty day simple moving average of $515.22 and a 200 day simple moving average of $358.23. The company has a quick ratio of 1.96, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $797.82 billion, a price-to-earnings ratio of 125.78 and a beta of 2.48. Advanced Micro Devices has a twelve month low of $149.22 and a twelve month high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same period in the previous year, the firm earned $0.48 earnings per share. The company’s revenue was up 50.1% compared to the same quarter last year. Sell-side analysts expect that Advanced Micro Devices will post 6.34 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred 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 $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the sale, the executive vice president owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. The trade was a 5.66% 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 285,934 shares of company stock valued at $130,353,006 over the last ninety days. 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 modified their holdings of AMD. Joseph Group Capital Management bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices in the 4th quarter worth $27,000. Cornerstone Financial Management LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $30,000. Finally, Graney & King LLC purchased a new position in shares of Advanced Micro Devices during the first quarter valued at about $31,000. 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: AMD agreed to acquire Taalas for an undisclosed amount. Taalas develops specialized silicon that hardwires AI models into chips, potentially reducing computing and memory bottlenecks and improving inference speed and efficiency. AMD plans to combine the technology with its Instinct GPUs to offer broader, system-level AI solutions. AMD deepens AI inference bet with Taalas deal as chip race heats up
• Positive Sentiment: Analyst sentiment remains broadly constructive after AMD’s strong quarter. Wedbush reiterated an Outperform rating with a $600 price target, while Cantor Fitzgerald maintained Overweight with a $700 target. These targets imply substantial upside from the reference price. Advanced Micro Devices Earns Outperform Rating from Wedbush
• Positive Sentiment: AMD’s second-quarter results showed strong underlying demand: revenue increased 50% year over year to $11.54 billion, EPS reached $1.66 versus a $1.62 consensus estimate, and data-center sales more than doubled to approximately $6.7 billion. Management also expects data-center revenue to accelerate later this year and more than double in 2027. AMD Q2 Earnings Beat Estimates, Strong Data Center Aids Revenue Growth
• Neutral Sentiment: RBC Capital kept a Sector Perform rating and a $540 price target, indicating that analysts see meaningful potential but remain cautious about AMD’s valuation and execution relative to Nvidia. Royal Bank of Canada Reiterates Sector Perform Rating for AMD
• Negative Sentiment: The recent earnings reaction highlighted a high expectations problem. Despite beating estimates and issuing solid guidance, investors questioned whether growth, margins and AI market-share gains were strong enough to justify AMD’s elevated valuation. Elon Musk’s statement that SpaceX would use Nvidia chips exclusively also reinforced concerns about AMD’s ability to challenge Nvidia. 3 reasons AMD’s stock is falling in the face of its latest earnings report

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.