Research Analysts Issue Forecasts for AMD FY2025 Earnings

Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) - Analysts at Wedbush dropped their FY2025 earnings estimates for Advanced Micro Devices in a report released on Wednesday, April 23rd. Wedbush analyst M. Bryson now anticipates that the semiconductor manufacturer will earn $3.64 per share for the year, down from their prior forecast of $4.14. Wedbush currently has a "Outperform" rating and a $115.00 target price on the stock. The consensus estimate for Advanced Micro Devices' current full-year earnings is $3.87 per share.

A number of other analysts have also recently commented on AMD. StockNews.com cut shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Piper Sandler reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Hsbc Global Res downgraded Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $175.00 to $129.00 in a report on Friday, January 10th. Finally, Wolfe Research cut shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $139.57.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $0.48 on Friday, hitting $96.87. The company had a trading volume of 10,593,807 shares, compared to its average volume of 42,639,744. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company's fifty day moving average price is $98.35 and its 200-day moving average price is $119.75. The company has a market capitalization of $156.57 billion, a PE ratio of 97.97, a PEG ratio of 1.11 and a beta of 1.89. Advanced Micro Devices has a 12-month low of $76.48 and a 12-month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently modified their holdings of AMD. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices in the fourth quarter worth $25,000. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $26,000. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $30,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Company Profile

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.