Equities Analysts Offer Predictions for AMD FY2024 Earnings

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Equities research analysts at Northland Capmk upped their FY2024 earnings per share estimates for Advanced Micro Devices in a report issued on Wednesday, October 30th. Northland Capmk analyst G. Richard now forecasts that the semiconductor manufacturer will earn $2.51 per share for the year, up from their prior estimate of $2.46. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $2.55 per share. Northland Capmk also issued estimates for Advanced Micro Devices’ Q4 2024 earnings at $0.84 EPS, Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $1.19 EPS, Q4 2025 earnings at $1.32 EPS and FY2025 earnings at $4.06 EPS.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the firm earned $0.53 EPS. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year.

A number of other research analysts have also recently issued reports on AMD. Barclays decreased their target price on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Citigroup lowered their target price on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 28th. Robert W. Baird lowered their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $141.86 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 12-month low of $105.91 and a 12-month high of $227.30. The firm has a fifty day moving average of $154.75 and a 200-day moving average of $155.77. The firm has a market capitalization of $230.21 billion, a price-to-earnings ratio of 127.80, a price-to-earnings-growth ratio of 1.98 and a beta of 1.71.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Creative Capital Management Investments LLC boosted its position in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 86 shares during the period. ZRC Wealth Management LLC grew its position in shares of Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC increased its holdings in shares of Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares during the period. Fairway Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $27,000. Finally, Semmax Financial Advisors Inc. grew its position in Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 139 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.