Cantor Fitzgerald Brokers Boost Earnings Estimates for AMD

Key Points

• Cantor Fitzgerald has increased its earnings estimate for Advanced Micro Devices (AMD) to $3.20 per share for FY2025, up from a previous estimate of $3.00, while maintaining an "Overweight" rating and a target price of $200.00.
• Advanced Micro Devices recently reported a quarterly earnings of $0.48 per share, missing the consensus estimate of $0.54, but its revenue for the quarter was $7.69 billion, surpassing expectations of $7.41 billion.
• The stock has received various ratings from research firms, ranging from a "hold" to a "strong-buy," reflecting a consensus average rating of "Moderate Buy" and a price target of $178.56.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) - Equities research analysts at Cantor Fitzgerald increased their FY2025 earnings estimates for shares of Advanced Micro Devices in a report released on Wednesday, August 6th. Cantor Fitzgerald analyst C. Muse now forecasts that the semiconductor manufacturer will post earnings of $3.20 per share for the year, up from their prior estimate of $3.00. Cantor Fitzgerald currently has a "Overweight" rating and a $200.00 target price on the stock. The consensus estimate for Advanced Micro Devices' current full-year earnings is $3.87 per share.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.61% and a net margin of 9.57%. The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. Advanced Micro Devices's quarterly revenue was up 31.7% compared to the same quarter last year.

A number of other research firms also recently commented on AMD. Susquehanna boosted their target price on Advanced Micro Devices from $135.00 to $210.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. Robert W. Baird reduced their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Dbs Bank cut shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Erste Group Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Finally, Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Thirteen research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $178.56.

Advanced Micro Devices Trading Up 3.0%

NASDAQ:AMD opened at $167.99 on Thursday. The company has a 50 day simple moving average of $142.11 and a two-hundred day simple moving average of $117.55. The company has a market cap of $272.37 billion, a PE ratio of 96.40, a price-to-earnings-growth ratio of 2.31 and a beta of 1.94. Advanced Micro Devices has a 12 month low of $76.48 and a 12 month high of $182.50. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Advanced Micro Devices by 6.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,231,565 shares of the semiconductor manufacturer's stock valued at $458,559,000 after purchasing an additional 185,201 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Advanced Micro Devices by 5.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 8,031 shares of the semiconductor manufacturer's stock worth $1,140,000 after buying an additional 379 shares in the last quarter. Freemont Management S.A. increased its stake in shares of Advanced Micro Devices by 31.0% in the 2nd quarter. Freemont Management S.A. now owns 13,100 shares of the semiconductor manufacturer's stock valued at $1,859,000 after buying an additional 3,100 shares during the period. Aviva PLC raised its position in shares of Advanced Micro Devices by 6.6% during the second quarter. Aviva PLC now owns 1,208,749 shares of the semiconductor manufacturer's stock worth $171,521,000 after acquiring an additional 75,134 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Advanced Micro Devices by 3,174.4% during the second quarter. Los Angeles Capital Management LLC now owns 272,590 shares of the semiconductor manufacturer's stock valued at $38,681,000 after acquiring an additional 264,265 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices announced that its Board of Directors has approved a share repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

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