What is Roth Capital’s Estimate for AMD FY2024 Earnings?

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Stock analysts at Roth Capital increased their FY2024 earnings estimates for Advanced Micro Devices in a research note issued to investors on Wednesday, October 30th. Roth Capital analyst S. Desilva now anticipates that the semiconductor manufacturer will post earnings of $2.55 per share for the year, up from their prior estimate of $2.45. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $2.55 per share. Roth Capital also issued estimates for Advanced Micro Devices’ Q4 2024 earnings at $0.89 EPS, Q1 2025 earnings at $0.81 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $1.07 EPS and FY2025 earnings at $3.66 EPS.

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

AMD has been the topic of several other research reports. Robert W. Baird decreased their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Citigroup reduced their price target on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Barclays lowered their price target on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Finally, Susquehanna restated a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Trading Down 1.5 %

Shares of Advanced Micro Devices stock opened at $141.86 on Monday. The company has a market capitalization of $230.21 billion, a P/E ratio of 127.80, a P/E/G ratio of 1.98 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 2.01. The business has a 50 day moving average price of $154.75 and a 200 day moving average price of $155.77. Advanced Micro Devices has a 1 year low of $105.91 and a 1 year high of $227.30.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Advanced Micro Devices by 59.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock worth $50,214,000 after buying an additional 116,020 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of Advanced Micro Devices by 15.7% during the 3rd quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock worth $25,524,000 after buying an additional 21,132 shares during the last quarter. St. Louis Financial Planners Asset Management LLC bought a new position in shares of Advanced Micro Devices during the third quarter worth approximately $2,394,000. Sycomore Asset Management increased its holdings in shares of Advanced Micro Devices by 28.6% during the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after purchasing an additional 30,677 shares during the period. Finally, Custom Index Systems LLC bought a new position in shares of Advanced Micro Devices in the third quarter worth $559,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.