Wedbush Predicts Higher Earnings for Advanced Micro Devices

Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) - Equities research analysts at Wedbush increased their FY2025 earnings per share estimates for Advanced Micro Devices in a research note issued to investors on Wednesday, October 15th. Wedbush analyst M. Bryson now forecasts that the semiconductor manufacturer will earn $3.05 per share for the year, up from their prior estimate of $3.01. Wedbush currently has a "Outperform" rating and a $270.00 target price 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' Q4 2025 earnings at $1.04 EPS, Q1 2026 earnings at $0.88 EPS, Q2 2026 earnings at $1.13 EPS, Q3 2026 earnings at $1.43 EPS and Q4 2026 earnings at $1.58 EPS.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS.

Several other research firms have also commented on AMD. Evercore ISI raised their target price on Advanced Micro Devices from $188.00 to $240.00 and gave the stock an "outperform" rating in a report on Tuesday, October 7th. Mizuho raised their target price on Advanced Micro Devices from $205.00 to $275.00 and gave the stock an "outperform" rating in a report on Monday. Citigroup raised their target price on Advanced Micro Devices from $180.00 to $215.00 and gave the stock a "neutral" rating in a report on Tuesday, October 7th. Truist Financial reaffirmed a "buy" rating and set a $273.00 target price (up from $213.00) on shares of Advanced Micro Devices in a report on Tuesday, October 7th. Finally, KGI Securities set a $260.00 target price on Advanced Micro Devices and gave the stock an "outperform" rating in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $231.00.

Advanced Micro Devices Stock Down 1.7%

Shares of AMD stock opened at $234.56 on Friday. The stock's 50-day simple moving average is $174.75 and its 200-day simple moving average is $140.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The firm has a market capitalization of $380.65 billion, a PE ratio of 134.80, a P/E/G ratio of 2.38 and a beta of 1.90. Advanced Micro Devices has a fifty-two week low of $76.48 and a fifty-two week high of $241.20.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the transaction, the senior vice president owned 9,033 shares in the company, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 257,318 shares of company stock worth $42,412,815. Company insiders own 0.06% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Advanced Micro Devices by 1.5% in the second quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer's stock valued at $21,944,673,000 after acquiring an additional 2,281,508 shares in the last quarter. State Street Corp lifted its position in shares of Advanced Micro Devices by 0.8% in the second quarter. State Street Corp now owns 72,069,259 shares of the semiconductor manufacturer's stock valued at $10,226,628,000 after acquiring an additional 581,330 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Advanced Micro Devices by 1.4% in the second quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer's stock valued at $5,181,556,000 after acquiring an additional 514,445 shares in the last quarter. Norges Bank purchased a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $3,094,662,000. Finally, Amundi lifted its position in shares of Advanced Micro Devices by 8.0% in the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer's stock valued at $1,677,014,000 after acquiring an additional 1,319,064 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

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.

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