Q2 2024 EPS Estimates for Advanced Micro Devices, Inc. Raised by Northland Capmk (NASDAQ:AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Equities researchers at Northland Capmk lifted their Q2 2024 earnings per share estimates for shares of Advanced Micro Devices in a note issued to investors on Wednesday, May 1st. Northland Capmk analyst G. Richard now expects that the semiconductor manufacturer will post earnings per share of $0.44 for the quarter, up from their previous forecast of $0.43. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $2.63 per share. Northland Capmk also issued estimates for Advanced Micro Devices’ Q3 2024 earnings at $0.62 EPS, Q4 2024 earnings at $0.82 EPS and FY2025 earnings at $4.21 EPS.

A number of other analysts have also weighed in on AMD. UBS Group dropped their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Barclays lifted 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. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price for the company in a report on Wednesday, January 31st. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $183.94.

Advanced Micro Devices Trading Down 0.9 %

Shares of AMD opened at $154.43 on Monday. The firm has a fifty day simple moving average of $174.53 and a two-hundred day simple moving average of $153.23. Advanced Micro Devices has a twelve month low of $89.17 and a twelve month high of $227.30. The stock has a market capitalization of $249.61 billion, a P/E ratio of 227.11, a PEG ratio of 2.33 and a beta of 1.66. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

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

Institutional Trading of Advanced Micro Devices

Several hedge funds have recently bought and sold shares of the stock. Tradewinds Capital Management LLC boosted its holdings in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares during the period. Valued Wealth Advisors LLC boosted its stake in shares of Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 70 shares during the period. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $28,000. Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $29,000. Finally, MeadowBrook Investment Advisors LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $29,000. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now owns 3,222,230 shares in the company, valued at $628,753,739.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,850 shares of company stock valued at $34,637,833. Corporate insiders own 0.65% 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.