Advanced Micro Devices, Inc. (NASDAQ:AMD) Expected to Post Earnings of $0.18 Per Share

Share on StockTwits

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.

Recommended Story: What is the accumulation/distribution indicator?

Get a free copy of the Zacks research report on Advanced Micro Devices (AMD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.