Wedbush Expects Higher Earnings for Advanced Micro Devices

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Research analysts at Wedbush upped their Q3 2026 EPS estimates for shares of Advanced Micro Devices in a report released on Wednesday, November 5th. Wedbush analyst M. Bryson now forecasts that the semiconductor manufacturer will post earnings per share of $1.54 for the quarter, up from their previous estimate of $1.43. Wedbush currently has a “Outperform” rating and a $290.00 target price on the stock. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $3.87 per share. Wedbush also issued estimates for Advanced Micro Devices’ Q4 2026 earnings at $1.68 EPS.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the previous year, the business posted $0.69 earnings per share. Advanced Micro Devices’s revenue was up 31.7% compared to the same quarter last year.

Several other research firms have also commented on AMD. Hsbc Global Res raised shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Truist Financial reiterated a “buy” rating and issued a $279.00 price target (up previously from $273.00) on shares of Advanced Micro Devices in a research note on Wednesday. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday, October 8th. Rosenblatt Securities boosted their target price on Advanced Micro Devices from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their price target on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $263.26.

Advanced Micro Devices Stock Down 4.4%

Shares of NASDAQ AMD traded down $10.58 during mid-day trading on Friday, reaching $227.13. 25,104,023 shares of the company’s stock were exchanged, compared to its average volume of 49,705,168. The business has a fifty day simple moving average of $197.92 and a 200 day simple moving average of $157.32. Advanced Micro Devices has a twelve month low of $76.48 and a twelve month high of $267.08. The firm has a market capitalization of $368.59 billion, a price-to-earnings ratio of 130.53, a PEG ratio of 2.42 and a beta of 1.93. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. HHM Wealth Advisors LLC raised its stake in shares of Advanced Micro Devices by 2.4% in the third quarter. HHM Wealth Advisors LLC now owns 1,742 shares of the semiconductor manufacturer’s stock worth $282,000 after purchasing an additional 40 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in shares of Advanced Micro Devices by 0.3% during the third quarter. HBK Sorce Advisory LLC now owns 13,404 shares of the semiconductor manufacturer’s stock valued at $2,169,000 after buying an additional 43 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Advanced Micro Devices by 0.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,706 shares of the semiconductor manufacturer’s stock worth $1,409,000 after buying an additional 43 shares in the last quarter. Moseley Investment Management Inc. raised its position in Advanced Micro Devices by 0.5% in the 3rd quarter. Moseley Investment Management Inc. now owns 8,883 shares of the semiconductor manufacturer’s stock worth $1,437,000 after buying an additional 44 shares during the last quarter. Finally, OneAscent Family Office LLC lifted its stake in Advanced Micro Devices by 2.6% during the 3rd quarter. OneAscent Family Office LLC now owns 1,755 shares of the semiconductor manufacturer’s stock valued at $284,000 after acquiring an additional 44 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the transaction, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 274,118 shares of company stock valued at $46,180,719 over the last 90 days. Company insiders own 0.06% of the company’s stock.

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.