Brokerages expect Advanced Micro Devices, Inc. (NASDAQ:AMD) to report $0.18 earnings per share for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Advanced Micro Devices’ earnings. The highest EPS estimate is $0.19 and the lowest is $0.17. Advanced Micro Devices posted earnings of $0.13 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.5%. The firm is scheduled to issue its next earnings report on Wednesday, October 23rd.
On average, analysts expect that Advanced Micro Devices will report full-year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.68. For the next year, analysts expect that the business will post earnings of $1.07 per share, with EPS estimates ranging from $0.85 to $1.40. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Advanced Micro Devices.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS.
A number of research firms have issued reports on AMD. JPMorgan Chase & Co. lifted their target price on shares of Advanced Micro Devices from $25.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Cowen set a $40.00 price target on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Mizuho set a $36.00 price target on shares of Advanced Micro Devices and gave the stock a “hold” rating in a research note on Monday, August 12th. Craig Hallum downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a report on Wednesday, July 31st. Finally, Jefferies Financial Group lifted their price objective on shares of Advanced Micro Devices from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $31.59.
In related news, CAO Darla M. Smith sold 8,388 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $33.53, for a total transaction of $281,249.64. Following the transaction, the chief accounting officer now owns 35,918 shares of the company’s stock, valued at $1,204,330.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Darla M. Smith sold 10,486 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $31.50, for a total transaction of $330,309.00. Following the transaction, the chief accounting officer now owns 29,599 shares of the company’s stock, valued at $932,368.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,538,408 shares of company stock worth $49,994,038. 1.50% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. Intersect Capital LLC grew its stake in shares of Advanced Micro Devices by 3.9% during the 2nd quarter. Intersect Capital LLC now owns 9,176 shares of the semiconductor manufacturer’s stock worth $279,000 after acquiring an additional 345 shares in the last quarter. Tyers Asset Management LLC raised its stake in Advanced Micro Devices by 1.8% in the first quarter. Tyers Asset Management LLC now owns 22,000 shares of the semiconductor manufacturer’s stock valued at $561,000 after buying an additional 384 shares during the period. Berman Capital Advisors LLC lifted its position in shares of Advanced Micro Devices by 41.6% in the second quarter. Berman Capital Advisors LLC now owns 1,525 shares of the semiconductor manufacturer’s stock valued at $46,000 after buying an additional 448 shares during the last quarter. Assetmark Inc. lifted its position in shares of Advanced Micro Devices by 55.7% in the second quarter. Assetmark Inc. now owns 1,381 shares of the semiconductor manufacturer’s stock valued at $42,000 after buying an additional 494 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its holdings in shares of Advanced Micro Devices by 50.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,651 shares of the semiconductor manufacturer’s stock worth $48,000 after acquiring an additional 557 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.
NASDAQ:AMD traded down $0.46 during mid-day trading on Friday, reaching $29.77. The stock had a trading volume of 2,047,628 shares, compared to its average volume of 57,855,156. The stock has a market cap of $33.11 billion, a P/E ratio of 85.16, a PEG ratio of 2.66 and a beta of 3.07. The business’s 50 day moving average is $31.40 and its 200 day moving average is $28.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.08 and a quick ratio of 1.52. Advanced Micro Devices has a fifty-two week low of $16.03 and a fifty-two week high of $35.55.
About Advanced Micro Devices
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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