Wall Street analysts expect that Advanced Micro Devices, Inc. (NASDAQ:AMD) will announce sales of $1.26 billion for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for Advanced Micro Devices’ earnings. The lowest sales estimate is $1.25 billion and the highest is $1.28 billion. Advanced Micro Devices reported sales of $1.65 billion during the same quarter last year, which indicates a negative year over year growth rate of 23.6%. The company is expected to announce its next earnings report on Wednesday, April 24th.
According to Zacks, analysts expect that Advanced Micro Devices will report full year sales of $6.79 billion for the current financial year, with estimates ranging from $6.49 billion to $7.05 billion. For the next financial year, analysts expect that the business will post sales of $8.07 billion, with estimates ranging from $7.37 billion to $9.00 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Advanced Micro Devices.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Advanced Micro Devices had a net margin of 5.20% and a return on equity of 37.84%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business earned $0.08 EPS.
AMD has been the topic of a number of recent research reports. Craig Hallum upped their target price on shares of Advanced Micro Devices from $21.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Daiwa Capital Markets began coverage on shares of Advanced Micro Devices in a research report on Sunday, December 30th. They set a “buy” rating and a $26.00 price objective on the stock. Zacks Investment Research downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. BMO Capital Markets cut their price objective on shares of Advanced Micro Devices from $20.00 to $18.00 and set a “market perform” rating on the stock in a research report on Thursday, October 25th. Finally, Bank of America cut their price objective on shares of Advanced Micro Devices from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, December 20th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.94.
In other news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $20.93, for a total value of $2,616,250.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Harry A. Wolin sold 18,070 shares of the stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $17.40, for a total transaction of $314,418.00. Following the completion of the transaction, the senior vice president now owns 1,366,877 shares in the company, valued at approximately $23,783,659.80. The disclosure for this sale can be found here. Insiders sold a total of 35,521,163 shares of company stock worth $830,217,617 in the last quarter. Company insiders own 1.80% of the company’s stock.
Several large investors have recently modified their holdings of AMD. Winslow Evans & Crocker Inc. lifted its stake in shares of Advanced Micro Devices by 1,893.9% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,316 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 1,250 shares during the period. Capital Investment Advisory Services LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $27,000. Semmax Financial Advisors Inc. bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $28,000. Finally, Bessemer Group Inc. raised its stake in Advanced Micro Devices by 81.7% during the 4th quarter. Bessemer Group Inc. now owns 1,968 shares of the semiconductor manufacturer’s stock worth $37,000 after acquiring an additional 885 shares during the period. Hedge funds and other institutional investors own 60.43% of the company’s stock.
NASDAQ AMD traded up $0.44 during trading on Friday, hitting $24.36. The company had a trading volume of 52,499,997 shares, compared to its average volume of 94,436,742. The company has a current ratio of 1.78, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. Advanced Micro Devices has a one year low of $9.04 and a one year high of $34.14. The firm has a market capitalization of $24.08 billion, a PE ratio of 69.60, a price-to-earnings-growth ratio of 2.18 and a beta of 3.41.
Advanced Micro Devices Company Profile
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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