Wall Street brokerages expect Advanced Micro Devices, Inc. (NASDAQ:AMD) to announce earnings per share (EPS) of $0.12 for the current quarter, Zacks reports. Nine analysts have made estimates for Advanced Micro Devices’ earnings, with estimates ranging from $0.11 to $0.14. Advanced Micro Devices posted earnings per share of $0.02 during the same quarter last year, which suggests a positive year over year growth rate of 500%. The company is scheduled to issue its next earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that Advanced Micro Devices will report full year earnings of $0.47 per share for the current year, with EPS estimates ranging from $0.40 to $0.51. For the next year, analysts forecast that the firm will post earnings of $0.65 per share, with EPS estimates ranging from $0.55 to $0.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Advanced Micro Devices.
Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Wednesday, April 25th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. Advanced Micro Devices had a net margin of 3.29% and a return on equity of 41.01%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion.
A number of research analysts have issued reports on AMD shares. Stifel Nicolaus raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, April 4th. Bank of America dropped their price objective on shares of Advanced Micro Devices from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, April 20th. ValuEngine raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. BidaskClub raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Finally, Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, June 26th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the company. Advanced Micro Devices presently has a consensus rating of “Hold” and an average price target of $15.32.
Shares of Advanced Micro Devices stock opened at $16.36 on Friday. Advanced Micro Devices has a 12-month low of $9.04 and a 12-month high of $17.34. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.62 and a quick ratio of 1.20. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 204.50, a P/E/G ratio of 5.82 and a beta of 2.82.
In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock in a transaction on Monday, April 30th. The shares were sold at an average price of $11.02, for a total value of $688,750.00. Following the transaction, the senior vice president now owns 693,772 shares in the company, valued at approximately $7,645,367.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP James Robert Anderson sold 75,000 shares of Advanced Micro Devices stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $15.70, for a total transaction of $1,177,500.00. Following the completion of the transaction, the senior vice president now owns 310,396 shares in the company, valued at approximately $4,873,217.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,041,341 shares of company stock worth $15,570,139. 1.80% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at $301,000. Meadow Creek Investment Management LLC boosted its holdings in shares of Advanced Micro Devices by 28.0% in the 4th quarter. Meadow Creek Investment Management LLC now owns 56,756 shares of the semiconductor manufacturer’s stock valued at $583,000 after purchasing an additional 12,404 shares during the last quarter. Amplify Investments LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at $4,509,000. Guggenheim Capital LLC boosted its holdings in shares of Advanced Micro Devices by 37.1% in the 4th quarter. Guggenheim Capital LLC now owns 5,491,166 shares of the semiconductor manufacturer’s stock valued at $56,450,000 after purchasing an additional 1,486,494 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Advanced Micro Devices by 26.0% in the 1st quarter. Toronto Dominion Bank now owns 443,788 shares of the semiconductor manufacturer’s stock valued at $4,459,000 after purchasing an additional 91,437 shares during the last quarter. Institutional investors own 63.54% of the company’s stock.
About Advanced Micro Devices
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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