FY2024 Earnings Estimate for Advanced Micro Devices, Inc. (NASDAQ:AMD) Issued By Northland Capmk

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Stock analysts at Northland Capmk decreased their FY2024 earnings per share estimates for shares of Advanced Micro Devices in a note issued to investors on Wednesday, May 1st. Northland Capmk analyst G. Richard now expects that the semiconductor manufacturer will post earnings per share of $2.31 for the year, down from their prior estimate of $2.56. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $2.64 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.

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

Other equities analysts have also issued reports about the company. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday. The Goldman Sachs Group lifted their target price on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Cantor Fitzgerald cut their price target on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Finally, KeyCorp lowered their price target on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday. One 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 stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $184.24.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $150.60 on Friday. Advanced Micro Devices has a 12-month low of $81.11 and a 12-month high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $175.93 and a two-hundred day simple moving average of $151.50. The firm has a market cap of $243.39 billion, a price-to-earnings ratio of 221.47, a PEG ratio of 2.19 and a beta of 1.66.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’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 value of $2,876,634.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $276,050,677.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction 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 completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold a total of 181,850 shares of company stock worth $34,637,833 in the last quarter. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Advanced Micro Devices by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock valued at $20,997,873,000 after acquiring an additional 2,390,558 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Advanced Micro Devices by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after purchasing an additional 600,638 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Advanced Micro Devices by 10.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after purchasing an additional 2,553,392 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Advanced Micro Devices by 5.9% in the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after purchasing an additional 1,490,997 shares during the period. Finally, Norges Bank purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $3,426,529,000. 71.34% of the stock is currently 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.