Advanced Micro Devices (NASDAQ:AMD) Posts Quarterly Earnings Results, Meets Expectations

Advanced Micro Devices (NASDAQ:AMD) posted its quarterly earnings data on Tuesday. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92, Briefing.com reports. 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 for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Advanced Micro Devices updated its Q4 2024 guidance to EPS.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $144.07 on Friday. The stock has a 50 day moving average of $155.01 and a 200 day moving average of $155.94. The company has a market capitalization of $233.17 billion, a price-to-earnings ratio of 129.79, a PEG ratio of 2.03 and a beta of 1.70. Advanced Micro Devices has a 12 month low of $94.07 and a 12 month high of $227.30. The company has a current ratio of 2.50, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Susquehanna reaffirmed a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. UBS Group dropped their price target on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday. Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Company Profile

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.