Cantor Fitzgerald Reiterates Overweight Rating for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “overweight” rating reiterated by research analysts at Cantor Fitzgerald in a research report issued on Friday, MarketBeat.com reports. They currently have a $700.00 price objective on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 34.11% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Seaport Research Partners raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price target on the stock in a report on Wednesday, May 6th. Citigroup raised Advanced Micro Devices from a “market perform” rating to a “buy” rating in a report on Wednesday. Northland Securities reissued a “market perform” rating and issued a $260.00 target price on shares of Advanced Micro Devices in a report on Monday, April 27th. Royal Bank Of Canada increased their target price on Advanced Micro Devices from $325.00 to $400.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Finally, Raymond James Financial started coverage on Advanced Micro Devices in a research note on Wednesday, May 6th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $522.43.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $521.95 on Friday. The company has a 50 day moving average price of $512.60 and a 200-day moving average price of $340.69. Advanced Micro Devices has a 52 week low of $149.22 and a 52 week high of $584.73. The firm has a market capitalization of $851.09 billion, a PE ratio of 171.13, a P/E/G ratio of 1.51 and a beta of 2.47. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices will post 6.27 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the transaction, the director directly owned 87,173 shares of the company’s stock, valued at $45,504,306. The trade was a 9.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 6,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 1,233,687 shares of the company’s stock, valued at approximately $661,663,348.71. This trade represents a 0.48% 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. Over the last three months, insiders have sold 310,310 shares of company stock valued at $141,185,456. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of AMD. Regent Peak Wealth Advisors LLC raised its position in shares of Advanced Micro Devices by 1.1% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 5,938 shares of the semiconductor manufacturer’s stock valued at $3,449,000 after purchasing an additional 66 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $822,000. Annex Advisory Services LLC boosted its holdings in Advanced Micro Devices by 28.3% in the 2nd quarter. Annex Advisory Services LLC now owns 1,991 shares of the semiconductor manufacturer’s stock worth $1,157,000 after buying an additional 439 shares during the period. Accel Wealth Management boosted its holdings in Advanced Micro Devices by 1.4% in the 2nd quarter. Accel Wealth Management now owns 5,372 shares of the semiconductor manufacturer’s stock worth $3,121,000 after buying an additional 74 shares during the period. Finally, Whitener Capital Management Inc. purchased a new stake in Advanced Micro Devices in the 2nd quarter worth $549,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD and Cerebras announced a technical partnership to combine Helios and Wafer-Scale Engine technology, aiming for faster, more efficient AI inference and up to 5x higher tokens per second per watt. AMD and Cerebras Announce Industry-Leading Ultra-Low-Latency and High Throughput AI Inference Solution
• Positive Sentiment: Wedbush raised its price target to $600, and several other firms also boosted targets after AMD’s Advancing AI 2026 event, signaling stronger Wall Street confidence in AMD’s AI data center growth. AMD price target boosted on strengthening AI outlook
• Positive Sentiment: Other commentary highlighted AMD’s new Helios AI rack system, expanded OpenAI and Anthropic-related demand, and multiple bullish analyst notes, all of which support the view that AMD is gaining share in AI infrastructure. AMD plans to invest to up $5 billion into Anthropic as it seeks to cut into Nvidia’s dominance
• Neutral Sentiment: Short-interest data showed no meaningful change in practice, with reported short interest listed as zero shares, so this item does not appear to be a real trading catalyst.
• Neutral Sentiment: The broader semiconductor sector pulled back on valuation and profit-taking concerns, which may be weighing on AMD even as company-specific AI news remains constructive. Semiconductor Crossroads: Healthy Consolidation or Deeper Repricing?
• Negative Sentiment: AMD also appeared in reports about an AI-chip selloff and weaker risk appetite, suggesting some investors are taking profits after the stock’s strong run. AI Memory Stocks Lead Chip Selloff

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.