Advanced Micro Devices (NASDAQ:AMD) Issues Quarterly Earnings Results

Advanced Micro Devices (NASDAQ:AMD) released its quarterly earnings data on Tuesday. The semiconductor manufacturer reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14, FiscalAI reports. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded up $17.06 during trading on Tuesday, reaching $483.90. The company had a trading volume of 31,785,956 shares, compared to its average volume of 31,670,727. The firm has a market capitalization of $789.95 billion, a PE ratio of 124.40, a price-to-earnings-growth ratio of 5.94 and a beta of 2.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices has a twelve month low of $188.22 and a twelve month high of $658.52. The firm’s fifty day moving average is $548.16 and its 200 day moving average is $410.43.

Insider Activity

In related news, EVP Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the transaction, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. The trade was a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the sale, the executive vice president directly owned 353,317 shares in the company, valued at $191,038,501.90. This trade represents a 4.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 231,100 shares of company stock worth $114,867,400 in the last quarter. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices News Roundup

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: A broader bounce in semiconductor stocks is supporting AMD after a sharp sector selloff. Article: AMD Advances as Chip Stocks Bounce Ahead of Earnings
• Positive Sentiment: Reports of a possible RDNA 5+ graphics architecture reaching AMD’s APUs in 2029 have added speculative product excitement, though the timeline is not confirmed. Article: AMD Stock Rallies on Reports of RDNA 5+ Hitting APUs in 2029
• Neutral Sentiment: Investors are focused on AI demand, the Helios systems ramp and fourth-quarter guidance. Options markets imply a sizable post-earnings move—about 7%—so results or outlook could quickly change sentiment. Article: AMD Expected to Move 7% Following Earnings
• Negative Sentiment: Risks remain after a steep recent selloff: investors are questioning whether AI commitments can translate into growth quickly enough, while PC-demand concerns and AMD’s rich valuation heighten the stakes for its outlook. Article: AMD Fell 16% in a Month Before Earnings

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent research reports. Rosenblatt Securities reissued a “buy” rating and set a $700.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, September 29th. Morgan Stanley raised their price target on shares of Advanced Micro Devices from $465.00 to $510.00 and gave the company an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, Truist Financial upped their price objective on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $608.78.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.