Analysts expect Advanced Micro Devices, Inc. (NASDAQ:AMD) to report earnings of $0.08 per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Advanced Micro Devices’ earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.09. Advanced Micro Devices reported earnings per share of ($0.04) in the same quarter last year, which would suggest a positive year over year growth rate of 300%. The company is scheduled to report its next quarterly earnings report on Monday, May 7th.
On average, analysts expect that Advanced Micro Devices will report full-year earnings of $0.38 per share for the current fiscal year, with EPS estimates ranging from $0.28 to $0.44. For the next financial year, analysts forecast that the firm will post earnings of $0.52 per share, with EPS estimates ranging from $0.31 to $0.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Advanced Micro Devices.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The firm’s revenue was up 33.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) EPS.
Several equities research analysts recently issued reports on AMD shares. Vetr lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.85 price target on the stock. in a report on Friday, January 19th. Goldman Sachs Group decreased their price target on shares of Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating on the stock in a report on Wednesday, November 29th. Bank of America reaffirmed a “buy” rating and set a $18.00 price target on shares of Advanced Micro Devices in a report on Tuesday, November 14th. MKM Partners lifted their price target on shares of Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Credit Suisse Group lifted their price target on shares of Advanced Micro Devices from $12.00 to $13.50 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.62.
Shares of Advanced Micro Devices (NASDAQ AMD) traded down $0.28 during trading on Friday, hitting $11.36. 79,251,892 shares of the company traded hands, compared to its average volume of 65,432,508. The company has a market cap of $11,020.00, a price-to-earnings ratio of -13.54, a PEG ratio of 4.98 and a beta of 2.73. The company has a quick ratio of 1.27, a current ratio of 1.76 and a debt-to-equity ratio of 2.17. Advanced Micro Devices has a 12 month low of $9.70 and a 12 month high of $15.65.
In other news, SVP James Robert Anderson sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $10.03, for a total value of $752,250.00. Following the transaction, the senior vice president now owns 323,773 shares in the company, valued at approximately $3,247,443.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark D. Papermaster sold 34,330 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $10.62, for a total transaction of $364,584.60. The disclosure for this sale can be found here. Insiders sold a total of 1,343,240 shares of company stock worth $15,795,618 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB increased its stake in shares of Advanced Micro Devices by 8.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 130,097 shares of the semiconductor manufacturer’s stock valued at $1,337,000 after acquiring an additional 10,427 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $2,608,000. Vident Investment Advisory LLC increased its stake in shares of Advanced Micro Devices by 13.7% in the 4th quarter. Vident Investment Advisory LLC now owns 60,319 shares of the semiconductor manufacturer’s stock valued at $620,000 after acquiring an additional 7,257 shares in the last quarter. Laurel Wealth Advisors Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $246,000. Finally, Crestline Management LP bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $308,000. Institutional investors own 62.13% of the company’s stock.
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About Advanced Micro Devices
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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