FY2024 EPS Estimates for Advanced Micro Devices, Inc. Cut by Northland Capmk (NASDAQ:AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Investment analysts at Northland Capmk decreased their FY2024 earnings per share (EPS) estimates for Advanced Micro Devices in a report issued on Wednesday, May 1st. Northland Capmk analyst G. Richard now anticipates that the semiconductor manufacturer will earn $2.31 per share for the year, down from their prior forecast 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.

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

Other equities analysts have also issued research reports about the company. KeyCorp reduced their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday. Citigroup reduced their price target on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays upped their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. lifted their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Finally, Mizuho decreased their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $184.24.

Advanced Micro Devices Trading Up 3.0 %

NASDAQ AMD opened at $150.60 on Friday. Advanced Micro Devices has a 1 year low of $81.11 and a 1 year high of $227.30. 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 company has a market capitalization of $243.42 billion, a PE ratio of 221.47, a P/E/G ratio of 2.29 and a beta of 1.66. The company has a fifty day moving average of $175.41 and a 200 day moving average of $151.81.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices 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 sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,850 shares of company stock valued at $34,637,833. 0.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMD. Addison Advisors LLC raised its holdings in Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 62 shares during the period. Prentice Wealth Management LLC increased its position in shares of Advanced Micro Devices by 1.6% during the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after acquiring an additional 62 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after acquiring an additional 63 shares during the period. Schear Investment Advisers LLC lifted its holdings in shares of Advanced Micro Devices by 0.4% in the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after acquiring an additional 64 shares during the last quarter. Finally, Fiduciary Group LLC boosted its position in shares of Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 65 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Company Profile

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.