Wedbush Analysts Boost Earnings Estimates for Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Wedbush boosted their FY2025 earnings per share estimates for Advanced Micro Devices in a research note issued on Wednesday, May 1st. Wedbush analyst M. Bryson now expects that the semiconductor manufacturer will post earnings of $5.88 per share for the year, up from their prior forecast of $5.81. Wedbush currently has a “Outperform” rating and a $200.00 price target on the stock. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $2.63 per share.

Other research analysts also recently issued reports about the company. Raymond James downgraded Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Piper Sandler reissued an “overweight” rating and issued a $175.00 price target (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. DZ Bank reissued a “hold” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, March 7th. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their target price for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. Finally, UBS Group reduced their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $184.24.

Advanced Micro Devices Trading Up 3.0 %

Shares of NASDAQ:AMD opened at $150.60 on Monday. 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 PEG ratio of 2.36 and a beta of 1.66. The business has a 50 day moving average of $175.41 and a two-hundred day moving average of $152.49. The company has a current ratio of 2.64, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

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

Institutional Trading of Advanced Micro Devices

Institutional investors have recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC grew its stake in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares in the last quarter. Peoples Bank KS purchased a new position in Advanced Micro Devices during the 3rd quarter valued at about $26,000. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices in the 3rd quarter valued at about $27,000. Northwest Bank & Trust Co purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $28,000. Finally, Bare Financial Services Inc acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock valued at $34,637,833 in the last 90 days. 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.