Advanced Micro Devices (NASDAQ:AMD) Coverage Initiated by Analysts at William Blair

Posted by ABMN Staff on Jul 10th, 2026

William Blair initiated coverage on shares of Advanced Micro Devices (NASDAQ:AMD – Free Report) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm issued a market perform rating on the semiconductor manufacturer’s stock.

A number of other equities analysts have also issued reports on AMD. Melius Research set a $540.00 target price on shares of Advanced Micro Devices in a research report on Monday, May 18th. Benchmark raised their price target on shares of Advanced Micro Devices from $325.00 to $485.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Truist Financial set a $478.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Morgan Stanley upped their price objective on shares of Advanced Micro Devices from $360.00 to $410.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $505.00 to $615.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $453.92.

Check Out Our Latest Research Report on AMD

Advanced Micro Devices Stock Up 5.7%

AMD stock opened at $546.72 on Thursday. The stock has a market capitalization of $891.48 billion, a price-to-earnings ratio of 179.25, a price-to-earnings-growth ratio of 1.53 and a beta of 2.47. The company has a 50-day moving average of $487.19 and a two-hundred day moving average of $317.24. Advanced Micro Devices has a 52-week low of $141.60 and a 52-week high of $584.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices will post 6.15 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Paul Darren Grasby sold 24,376 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at $140,000,947.80. This trade represents a 5.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 374,739 shares of company stock valued at $161,135,671 over the last 90 days. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently bought and sold shares of the stock. Joseph Group Capital Management acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Sarver Vrooman Wealth Advisors bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $30,000. Finally, Graney & King LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices News Roundup

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

Positive Sentiment: AMD announced it will report fiscal second-quarter 2026 results on August 4, giving investors a near-term catalyst and renewed attention on its AI growth story. AMD to Report Fiscal Second Quarter 2026 Financial Results
Positive Sentiment: Goldman Sachs raised its price target to $640, citing surging demand for CPUs used in agentic AI and reinforcing the bull case that AMD can benefit from a broader compute cycle, not just GPU spending. Goldman Sachs raises AMD stock price target for the rest of 2026 on surging agentic AI CPU demand
Positive Sentiment: AMD’s CTO said agentic AI will require significantly more CPUs, highlighting a potential structural demand shift that could expand AMD’s opportunity beyond GPUs. Intel vs AMD stock: which one is better positioned for a CPU renaissance?
Positive Sentiment: Semiconductor stocks rebounded broadly, with AMD leading the group as investors rotated back into AI hardware names after a sharp selloff. U.S. chip stocks rebound, tracking China semiconductor rally
Neutral Sentiment: William Blair initiated coverage with a market perform rating, acknowledging AMD as an AI winner but stopping short of a bullish call. ‘AMD Is an AI Winner,’ Says William Blair But Stays Neutral. Here’s Why
Negative Sentiment: Some articles warned that AMD’s recent surge may be getting ahead of fundamentals, with concerns that new Intel products and heavier CPU competition could slow the stock’s upside. The Motor Driving AMD’s Stock Rise Is Set to Stall
Negative Sentiment: Bearish commentary also noted that insider selling has been persistent and that valuation remains elevated after a huge run, which could cap enthusiasm if execution slips. AMD (AMD) Stock Looks Fully Valued Despite Strong AI Growth Hopes

Advanced Micro Devices Company Profile

(Get Free Report)

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.