Wall Street analysts expect Advanced Micro Devices, Inc. (NASDAQ:AMD) to post earnings per share (EPS) of $0.08 for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Advanced Micro Devices’ earnings, with estimates ranging from $0.07 to $0.11. Advanced Micro Devices reported earnings of $0.14 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 42.9%. The company is scheduled to issue its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that Advanced Micro Devices will report full year earnings of $0.66 per share for the current year, with EPS estimates ranging from $0.59 to $0.72. For the next financial year, analysts forecast that the company will report earnings of $1.04 per share, with EPS estimates ranging from $0.85 to $1.45. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Advanced Micro Devices.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Advanced Micro Devices had a net margin of 4.46% and a return on equity of 25.23%. The business’s revenue was down 22.8% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS.
A number of brokerages have recently commented on AMD. Zacks Investment Research raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley raised shares of Advanced Micro Devices from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $17.00 to $28.00 in a research note on Thursday, June 6th. Cowen reaffirmed an “outperform” rating and set a $36.00 price objective (up previously from $33.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Credit Suisse Group raised their price objective on shares of Advanced Micro Devices from $13.50 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Barclays raised their price objective on shares of Advanced Micro Devices from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Advanced Micro Devices presently has an average rating of “Buy” and an average target price of $29.13.
Shares of NASDAQ AMD traded down $0.79 during midday trading on Friday, reaching $31.39. 62,320,777 shares of the stock were exchanged, compared to its average volume of 78,898,266. The stock has a market capitalization of $35.05 billion, a price-to-earnings ratio of 89.69, a PEG ratio of 1.98 and a beta of 3.19. Advanced Micro Devices has a twelve month low of $14.54 and a twelve month high of $34.30. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.08 and a quick ratio of 1.54.
In related news, SVP Forrest Eugene Norrod sold 50,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $33.46, for a total value of $1,673,000.00. Following the sale, the senior vice president now directly owns 834,171 shares in the company, valued at approximately $27,911,361.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Paul Darren Grasby sold 6,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $27.54, for a total transaction of $165,240.00. Following the completion of the sale, the senior vice president now owns 28,979 shares in the company, valued at $798,081.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,009,066 shares of company stock worth $29,689,636. Insiders own 1.50% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of AMD. Joseph P. Lucia & Associates LLC purchased a new stake in Advanced Micro Devices in the 1st quarter valued at about $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Advanced Micro Devices in the 1st quarter valued at about $26,000. Advisory Alpha LLC purchased a new stake in Advanced Micro Devices in the 1st quarter valued at about $26,000. Peddock Capital Advisors LLC raised its holdings in Advanced Micro Devices by 151.5% in the 1st quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 615 shares during the period. Finally, Capital Investment Advisory Services LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 60.85% of the company’s stock.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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