Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) – Equities researchers at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for Advanced Micro Devices in a note issued to investors on Wednesday, January 17th. Zacks Research analyst A. Ganguly now forecasts that the semiconductor manufacturer will post earnings of $2.43 per share for the year, down from their previous estimate of $2.44. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $1.92 per share. Zacks Research also issued estimates for Advanced Micro Devices’ FY2025 earnings at $3.40 EPS.
Other analysts have also issued reports about the stock. Barclays increased their price objective on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday. Susquehanna boosted their price objective on Advanced Micro Devices from $130.00 to $170.00 and gave the company a “positive” rating in a report on Tuesday. Truist Financial cut their price target on shares of Advanced Micro Devices from $128.00 to $98.00 and set a “hold” rating on the stock in a report on Wednesday, November 1st. Mizuho boosted their price objective on shares of Advanced Micro Devices from $130.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, January 5th. Finally, Wedbush reduced their target price on shares of Advanced Micro Devices from $155.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $146.50.
Check Out Our Latest Report on Advanced Micro Devices
Advanced Micro Devices Trading Up 1.6 %
AMD opened at $162.67 on Friday. Advanced Micro Devices has a 12 month low of $67.26 and a 12 month high of $168.60. The company has a current ratio of 2.19, a quick ratio of 1.61 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $134.26 and a 200 day moving average of $116.76. The firm has a market cap of $260.27 billion, a P/E ratio of 1,355.70, a P/E/G ratio of 4.29 and a beta of 1.70.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, October 31st. The semiconductor manufacturer reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Advanced Micro Devices had a return on equity of 5.61% and a net margin of 0.94%. The business had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The company’s revenue was up 4.2% compared to the same quarter last year.
Institutional Investors Weigh In On Advanced Micro Devices
Several institutional investors have recently modified their holdings of AMD. Symphony Financial Ltd. Co. acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $617,000. Gradient Investments LLC raised its stake in Advanced Micro Devices by 5.8% during the 4th quarter. Gradient Investments LLC now owns 162,304 shares of the semiconductor manufacturer’s stock worth $23,925,000 after acquiring an additional 8,941 shares in the last quarter. MBL Wealth LLC purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $244,000. Global Retirement Partners LLC boosted its stake in Advanced Micro Devices by 0.9% in the fourth quarter. Global Retirement Partners LLC now owns 48,066 shares of the semiconductor manufacturer’s stock valued at $7,630,000 after acquiring an additional 426 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Advanced Micro Devices by 6.6% during the fourth quarter. Blue Trust Inc. now owns 2,751 shares of the semiconductor manufacturer’s stock worth $406,000 after purchasing an additional 170 shares in the last quarter. 68.43% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CEO Lisa T. Su sold 75,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $117.73, for a total value of $8,829,750.00. Following the completion of the sale, the chief executive officer now owns 3,347,640 shares of the company’s stock, valued at approximately $394,117,657.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO Darla M. Smith sold 4,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $125.69, for a total value of $502,760.00. Following the sale, the chief accounting officer now owns 5,604 shares in the company, valued at approximately $704,366.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 75,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $117.73, for a total transaction of $8,829,750.00. Following the sale, the chief executive officer now directly owns 3,347,640 shares in the company, valued at approximately $394,117,657.20. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.
Advanced Micro Devices Company Profile
(Get Free Report)
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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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