Wedbush Has Bearish Forecast for AMD FY2025 Earnings

Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) - Equities researchers at Wedbush cut their FY2025 EPS estimates for Advanced Micro Devices in a research note issued to investors on Wednesday, April 23rd. Wedbush analyst M. Bryson now anticipates that the semiconductor manufacturer will post earnings of $3.64 per share for the year, down from their prior forecast of $4.14. Wedbush has a "Outperform" rating and a $115.00 price objective on the stock. The consensus estimate for Advanced Micro Devices' current full-year earnings is $3.87 per share.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%.

A number of other research analysts have also recently issued reports on the company. Summit Insights raised Advanced Micro Devices to a "hold" rating in a report on Tuesday, February 4th. UBS Group dropped their target price on shares of Advanced Micro Devices from $175.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Piper Sandler reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Sanford C. Bernstein dropped their price objective on Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating for the company in a report on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.57.

Advanced Micro Devices Price Performance

AMD traded up $2.17 during trading on Friday, hitting $96.64. The company's stock had a trading volume of 28,515,570 shares, compared to its average volume of 42,814,596. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $156.20 billion, a price-to-earnings ratio of 97.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The firm's 50 day moving average price is $98.72 and its two-hundred day moving average price is $120.55. Advanced Micro Devices has a 12 month low of $76.48 and a 12 month high of $187.28.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of the business's stock in a transaction on Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Advanced Micro Devices by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer's stock valued at $4,224,840,000 after buying an additional 835,413 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Advanced Micro Devices by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock valued at $2,909,350,000 after buying an additional 290,784 shares in the last quarter. Norges Bank acquired a new position in Advanced Micro Devices during the fourth quarter worth $2,867,193,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Advanced Micro Devices by 9.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock worth $2,585,079,000 after acquiring an additional 1,929,225 shares in the last quarter. Institutional investors 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.