Advanced Micro Devices (NASDAQ:AMD – Get Rating) will be announcing its earnings results after the market closes on Tuesday, January 31st. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Advanced Micro Devices has set its FY 2022 guidance at EPS and its Q4 2022 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
Advanced Micro Devices (NASDAQ:AMD – Get Rating) last released its quarterly earnings data on Tuesday, November 1st. The semiconductor manufacturer reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.58 billion. Advanced Micro Devices had a net margin of 9.96% and a return on equity of 11.17%. During the same quarter in the previous year, the business earned $0.66 EPS. On average, analysts expect Advanced Micro Devices to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Advanced Micro Devices Price Performance
Shares of Advanced Micro Devices stock traded down $1.83 on Tuesday, hitting $74.70. 60,076,335 shares of the company traded hands, compared to its average volume of 53,572,363. The stock has a market capitalization of $120.44 billion, a P/E ratio of 44.73, a price-to-earnings-growth ratio of 2.00 and a beta of 2.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.65 and a current ratio of 2.16. Advanced Micro Devices has a 52 week low of $54.57 and a 52 week high of $132.96. The business has a 50-day simple moving average of $69.65 and a 200 day simple moving average of $74.75.
Insider Activity at Advanced Micro Devices
Hedge Funds Weigh In On Advanced Micro Devices
Large investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its holdings in Advanced Micro Devices by 2.1% in the first quarter. Continuum Advisory LLC now owns 5,452 shares of the semiconductor manufacturer’s stock worth $466,000 after purchasing an additional 113 shares in the last quarter. Evercore Wealth Management LLC raised its holdings in Advanced Micro Devices by 155.6% in the first quarter. Evercore Wealth Management LLC now owns 3,716 shares of the semiconductor manufacturer’s stock worth $406,000 after purchasing an additional 2,262 shares in the last quarter. Certified Advisory Corp raised its holdings in Advanced Micro Devices by 29.5% in the first quarter. Certified Advisory Corp now owns 3,617 shares of the semiconductor manufacturer’s stock worth $395,000 after purchasing an additional 823 shares in the last quarter. Eqis Capital Management Inc. raised its holdings in Advanced Micro Devices by 13.3% in the first quarter. Eqis Capital Management Inc. now owns 3,473 shares of the semiconductor manufacturer’s stock worth $380,000 after purchasing an additional 408 shares in the last quarter. Finally, Linscomb & Williams Inc. raised its holdings in Advanced Micro Devices by 51.8% in the first quarter. Linscomb & Williams Inc. now owns 3,122 shares of the semiconductor manufacturer’s stock worth $341,000 after purchasing an additional 1,065 shares in the last quarter. 67.17% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently issued reports on AMD. Truist Financial lifted their price objective on shares of Advanced Micro Devices from $70.00 to $79.00 and gave the company a “hold” rating in a research report on Monday. Susquehanna Bancshares reduced their price objective on shares of Advanced Micro Devices to $95.00 in a research report on Friday, September 30th. StockNews.com raised shares of Advanced Micro Devices to a “sell” rating in a report on Friday, December 9th. Cowen cut their target price on shares of Advanced Micro Devices from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, October 10th. Finally, TheStreet lowered shares of Advanced Micro Devices from a “b-” rating to a “c” rating in a report on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $95.71.
About Advanced Micro Devices
Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.
- Get a free copy of the StockNews.com research report on Advanced Micro Devices (AMD)
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