Wedbush Predicts Higher Earnings for Advanced Micro Devices

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Research analysts at Wedbush upped their Q3 2025 earnings per share (EPS) estimates for shares of Advanced Micro Devices in a research note issued on Thursday, July 17th. Wedbush analyst M. Bryson now forecasts that the semiconductor manufacturer will earn $0.95 per share for the quarter, up from their prior forecast of $0.92. Wedbush currently has a “Outperform” rating and a $120.00 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, FY2025 earnings at $3.06 EPS, Q1 2026 earnings at $0.94 EPS, Q2 2026 earnings at $1.08 EPS, Q3 2026 earnings at $1.34 EPS, Q4 2026 earnings at $1.43 EPS and FY2026 earnings at $4.78 EPS.

A number of other brokerages have also recently issued reports on AMD. Sanford C. Bernstein reaffirmed a “reduce” rating on shares of Advanced Micro Devices in a research note on Tuesday, July 1st. Evercore ISI set a $144.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a research note on Friday, June 13th. Benchmark reiterated a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. The Goldman Sachs Group upgraded Advanced Micro Devices to a “hold” rating and set a $140.00 target price for the company in a report on Thursday, July 10th. Finally, Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the stock a “buy” rating in a research report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $153.23.

Advanced Micro Devices Trading Down 2.1%

Shares of AMD opened at $156.99 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. Advanced Micro Devices has a 1-year low of $76.48 and a 1-year high of $174.05. The company has a market capitalization of $254.54 billion, a P/E ratio of 115.43, a P/E/G ratio of 2.08 and a beta of 2.05. The firm’s 50 day simple moving average is $127.67 and its 200 day simple moving average is $113.20.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS.

Advanced Micro Devices announced that its board has approved a share buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds have recently added to or reduced their stakes in AMD. CHURCHILL MANAGEMENT Corp bought a new stake in Advanced Micro Devices during the 2nd quarter valued at about $7,891,000. FengHe Fund Management Pte. Ltd. increased its position in shares of Advanced Micro Devices by 693.6% during the second quarter. FengHe Fund Management Pte. Ltd. now owns 573,000 shares of the semiconductor manufacturer’s stock valued at $81,309,000 after acquiring an additional 500,800 shares in the last quarter. McGuire Investment Group LLC raised its holdings in Advanced Micro Devices by 1.8% in the 2nd quarter. McGuire Investment Group LLC now owns 223,812 shares of the semiconductor manufacturer’s stock worth $31,759,000 after acquiring an additional 3,898 shares during the last quarter. Vicus Capital raised its holdings in Advanced Micro Devices by 4.6% in the 2nd quarter. Vicus Capital now owns 2,624 shares of the semiconductor manufacturer’s stock worth $372,000 after acquiring an additional 115 shares during the last quarter. Finally, Gold Investment Management Ltd. lifted its position in Advanced Micro Devices by 65.9% in the 2nd quarter. Gold Investment Management Ltd. now owns 5,221 shares of the semiconductor manufacturer’s stock valued at $730,000 after acquiring an additional 2,074 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

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.