Wedbush Expects Stronger Earnings for Advanced Micro Devices

Key Points

• Wedbush has increased its earnings estimate for Advanced Micro Devices (AMD) for Q3 2025, forecasting $0.97 per share, up from $0.95, while maintaining an "Outperform" rating with a $270 price target.
• Several analysts, including Barclays and Wells Fargo, have also raised their price targets for AMD, with Barclays setting a target of $300.
• AMD's stock has recently seen an increase of 9.4%, reflecting growing investor confidence, and the current average price target among analysts is $231.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) - Stock analysts at Wedbush raised their Q3 2025 earnings estimates for Advanced Micro Devices in a report released on Wednesday, October 15th. Wedbush analyst M. Bryson now forecasts that the semiconductor manufacturer will earn $0.97 per share for the quarter, up from their prior estimate of $0.95. Wedbush has a "Outperform" rating and a $270.00 price objective on the stock. The consensus estimate for Advanced Micro Devices' current full-year earnings is $3.87 per share. Wedbush also issued estimates for Advanced Micro Devices' FY2026 earnings at $5.02 EPS.

Several other equities analysts also recently weighed in on AMD. Barclays raised their target price on Advanced Micro Devices from $200.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. Citigroup increased their target price on shares of Advanced Micro Devices from $180.00 to $215.00 and gave the company a "neutral" rating in a research report on Tuesday, October 7th. Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $185.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. TD Cowen boosted their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Stifel Nicolaus set a $240.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $231.00.

Advanced Micro Devices Trading Up 9.4%

AMD stock opened at $238.60 on Thursday. The stock has a market cap of $387.21 billion, a price-to-earnings ratio of 137.13, a PEG ratio of 2.56 and a beta of 1.90. The business's 50-day moving average is $173.51 and its 200 day moving average is $139.66. Advanced Micro Devices has a 12-month low of $76.48 and a 12-month high of $240.10. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its 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). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. During the same period in the prior year, the firm earned $0.69 EPS. The firm's revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS.

Insiders Place Their Bets

In other news, SVP Ava Hahn sold 2,868 shares of the company's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the transaction, the senior vice president owned 9,033 shares of the company's stock, valued at $2,041,548.33. This represents a 24.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the sale, the chief executive officer owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 257,318 shares of company stock worth $42,412,815. Company insiders own 0.06% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Berger Financial Group Inc raised its holdings in shares of Advanced Micro Devices by 1.1% in the 3rd quarter. Berger Financial Group Inc now owns 4,309 shares of the semiconductor manufacturer's stock valued at $697,000 after buying an additional 48 shares during the period. BSW Wealth Partners grew its holdings in Advanced Micro Devices by 0.6% during the 3rd quarter. BSW Wealth Partners now owns 9,132 shares of the semiconductor manufacturer's stock worth $1,478,000 after acquiring an additional 51 shares in the last quarter. Cornerstone Advisory LLC grew its holdings in 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 acquiring an additional 57 shares in the last quarter. Manchester Financial Inc. lifted its position in shares of Advanced Micro Devices by 2.6% during the 3rd quarter. Manchester Financial Inc. now owns 2,405 shares of the semiconductor manufacturer's stock worth $389,000 after purchasing an additional 61 shares during the last quarter. Finally, King Wealth Management Group lifted its position in shares of Advanced Micro Devices by 2.1% during the 2nd quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer's stock worth $428,000 after purchasing an additional 62 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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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