Advanced Micro Devices, Inc. (NASDAQ:AMD) Expected to Post FY2024 Earnings of $2.31 Per Share

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Analysts at Northland Capmk dropped their FY2024 earnings per share estimates for Advanced Micro Devices in a report issued on Wednesday, May 1st. Northland Capmk analyst G. Richard now forecasts that the semiconductor manufacturer will post earnings of $2.31 per share for the year, down from their previous estimate of $2.56. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $2.59 per share. Northland Capmk also issued estimates for Advanced Micro Devices’ Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $0.95 EPS, Q3 2025 earnings at $1.17 EPS and Q4 2025 earnings at $1.25 EPS.

AMD has been the topic of a number of other research reports. TD Cowen upped their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Benchmark decreased their price objective on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Wednesday, January 24th. Evercore ISI decreased their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Melius Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $184.24.

Advanced Micro Devices Stock Up 3.0 %

Shares of NASDAQ AMD opened at $150.60 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.86. The firm’s 50-day moving average is $175.41 and its two-hundred day moving average is $151.81. Advanced Micro Devices has a 12-month low of $81.11 and a 12-month high of $227.30. The company has a market capitalization of $243.42 billion, a PE ratio of 221.47, a price-to-earnings-growth ratio of 2.29 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds have recently bought and sold shares of AMD. Tradewinds Capital Management LLC grew its holdings in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 71 shares in the last quarter. Peoples Bank KS acquired a new position in Advanced Micro Devices in the third quarter worth about $26,000. Spartan Planning & Wealth Management bought a new stake in Advanced Micro Devices in the third quarter valued at about $27,000. Northwest Bank & Trust Co acquired a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Finally, Bare Financial Services Inc bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock valued at $34,637,833 over the last quarter. Company insiders own 0.73% of the company’s stock.

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.