What is Northland Capmk’s Forecast for AMD FY2024 Earnings?

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Stock analysts at Northland Capmk increased their FY2024 earnings estimates for Advanced Micro Devices in a research note issued to investors on Wednesday, October 30th. Northland Capmk analyst G. Richard now forecasts that the semiconductor manufacturer will post earnings of $2.51 per share for the year, up from their prior forecast of $2.46. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $2.53 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 announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the company earned $0.53 EPS. Advanced Micro Devices’s revenue for the quarter was up 17.6% compared to the same quarter last year.

A number of other equities research analysts have also recently issued reports on the stock. Susquehanna reaffirmed a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays decreased their price objective on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. Finally, Evercore ISI upped their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Trading Up 0.7 %

NASDAQ AMD opened at $141.66 on Monday. The company has a market cap of $229.89 billion, a PE ratio of 127.62, a PEG ratio of 1.96 and a beta of 1.71. Advanced Micro Devices has a 12 month low of $110.22 and a 12 month high of $227.30. The stock has a 50 day moving average of $154.39 and a 200-day moving average of $155.64. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMD. Semmax Financial Advisors Inc. boosted its holdings in Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares during the last quarter. Creative Capital Management Investments LLC boosted its holdings in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the last quarter. ZRC Wealth Management LLC grew its position in Advanced Micro Devices by 90.4% in 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. Fairway Wealth LLC purchased a new stake in Advanced Micro Devices in the 2nd quarter valued at about $27,000. Finally, Morton Brown Family Wealth LLC lifted its position in shares of Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 85 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.