Equities research analysts predict that Advanced Micro Devices, Inc. (NASDAQ:AMD) will report earnings of $0.13 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Advanced Micro Devices’ earnings, with estimates ranging from $0.11 to $0.15. Advanced Micro Devices reported earnings of $0.10 per share during the same quarter last year, which would indicate a positive year over year growth rate of 30%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, October 23rd.
According to Zacks, analysts expect that Advanced Micro Devices will report full year earnings of $0.48 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.52. For the next financial year, analysts forecast that the company will report earnings of $0.71 per share, with EPS estimates ranging from $0.57 to $0.90. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Advanced Micro Devices.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Advanced Micro Devices had a net margin of 5.04% and a return on equity of 52.84%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 52.6% on a year-over-year basis.
A number of research firms have recently commented on AMD. Stifel Nicolaus lifted their target price on Advanced Micro Devices from $21.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, September 19th. Cowen boosted their price objective on shares of Advanced Micro Devices from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, September 4th. Robert W. Baird downgraded shares of Advanced Micro Devices from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 1st. They noted that the move was a valuation call. Rosenblatt Securities boosted their price objective on shares of Advanced Micro Devices from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Finally, Goldman Sachs Group raised shares of Advanced Micro Devices from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $13.25 to $21.00 in a research report on Friday, August 10th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.58.
AMD stock traded down $0.43 during trading on Tuesday, hitting $27.35. 87,533,032 shares of the stock traded hands, compared to its average volume of 78,111,773. Advanced Micro Devices has a one year low of $9.04 and a one year high of $34.14. The company has a market capitalization of $30.11 billion, a P/E ratio of 341.88, a P/E/G ratio of 6.00 and a beta of 3.10. The company has a quick ratio of 1.26, a current ratio of 1.66 and a debt-to-equity ratio of 1.33.
In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $32.51, for a total value of $2,031,875.00. Following the completion of the transaction, the senior vice president now directly owns 955,790 shares in the company, valued at $31,072,732.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark D. Papermaster sold 70,000 shares of the stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $16.62, for a total transaction of $1,163,400.00. Following the completion of the transaction, the insider now owns 1,127,949 shares of the company’s stock, valued at $18,746,512.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,760,400 shares of company stock valued at $484,346,146. 1.80% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of AMD. CMT Capital Markets Trading GmbH bought a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $120,000. Valeo Financial Advisors LLC increased its holdings in Advanced Micro Devices by 953.4% during the second quarter. Valeo Financial Advisors LLC now owns 6,847 shares of the semiconductor manufacturer’s stock worth $135,000 after buying an additional 6,197 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Advanced Micro Devices during the second quarter worth $140,000. WealthTrust Axiom LLC acquired a new position in Advanced Micro Devices during the second quarter worth $149,000. Finally, Wealthsource Partners LLC acquired a new position in Advanced Micro Devices during the second quarter worth $151,000. Institutional investors and hedge funds own 65.96% of the company’s stock.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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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