Cantor Fitzgerald Brokers Lift Earnings Estimates for AMD

Key Points

• Cantor Fitzgerald has raised its earnings estimate for AMD’s FY2026 to $5.46 per share, an increase from the previous forecast of $4.56. The firm maintains an "Overweight" rating with a price target of $200.00.
• AMD's recent quarterly results showed an earnings per share (EPS) of $0.48, falling short of analyst expectations of $0.54, despite revenues exceeding estimates at $7.69 billion.
• Institutional investors own 71.34% of AMD's stock, indicating strong support among large investors, while insider selling occurred with EVP Mark D. Papermaster selling 17,998 shares recently.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) - Equities research analysts at Cantor Fitzgerald increased their FY2026 earnings estimates for Advanced Micro Devices in a research report issued to clients and investors on Wednesday, August 6th. Cantor Fitzgerald analyst C. Muse now expects that the semiconductor manufacturer will earn $5.46 per share for the year, up from their prior forecast of $4.56. Cantor Fitzgerald has a "Overweight" rating and a $200.00 price objective 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 announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The firm's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 EPS.

Several other analysts have also weighed in on the stock. Loop Capital dropped their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Wedbush raised their price target on shares of Advanced Micro Devices from $170.00 to $190.00 and gave the company an "outperform" rating in a report on Wednesday. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a report on Monday, June 23rd. Mizuho raised their price target on shares of Advanced Micro Devices from $152.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Finally, Wall Street Zen raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Thirteen analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $178.56.

Advanced Micro Devices Price Performance

AMD traded down $0.46 during midday trading on Friday, reaching $171.94. 30,913,571 shares of the company's stock were exchanged, compared to its average volume of 45,877,141. The firm has a market capitalization of $278.79 billion, a price-to-earnings ratio of 98.75, a price-to-earnings-growth ratio of 2.15 and a beta of 1.94. The company has a quick ratio of 1.97, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices has a one year low of $76.48 and a one year high of $182.50. The business has a 50-day simple moving average of $143.30 and a two-hundred day simple moving average of $117.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMD. Cornerstone Advisory LLC grew its position in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer's stock worth $606,000 after purchasing an additional 57 shares in the last quarter. Tritonpoint Wealth LLC lifted its stake in Advanced Micro Devices by 2.6% during the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer's stock worth $405,000 after purchasing an additional 72 shares during the last quarter. Avion Wealth lifted its stake in Advanced Micro Devices by 49.3% during the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer's stock worth $30,000 after purchasing an additional 72 shares during the last quarter. Scott & Selber Inc. lifted its stake in Advanced Micro Devices by 0.7% during the second quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer's stock worth $1,485,000 after purchasing an additional 73 shares during the last quarter. Finally, Sandy Cove Advisors LLC lifted its stake in Advanced Micro Devices by 1.4% during the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock worth $776,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction dated 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 owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.06% of the company's stock.

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