Analysts expect Advanced Micro Devices, Inc. (NASDAQ:AMD) to announce earnings of $0.29 per share for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Advanced Micro Devices’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.33. Advanced Micro Devices posted earnings of $0.08 per share in the same quarter last year, which would suggest a positive year over year growth rate of 262.5%. The firm is expected to report its next earnings report on Tuesday, February 4th.
On average, analysts expect that Advanced Micro Devices will report full-year earnings of $0.60 per share for the current financial year, with EPS estimates ranging from $0.42 to $0.65. For the next financial year, analysts expect that the firm will post earnings of $1.07 per share, with EPS estimates ranging from $0.85 to $1.36. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Advanced Micro Devices.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Advanced Micro Devices had a return on equity of 16.54% and a net margin of 3.47%. Advanced Micro Devices’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS.
AMD has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $50.00 price target (up previously from $44.00) on shares of Advanced Micro Devices in a report on Friday. Deutsche Bank reissued a “hold” rating and set a $29.00 target price (up previously from $25.00) on shares of Advanced Micro Devices in a report on Tuesday, July 30th. Nomura increased their target price on Advanced Micro Devices from $37.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Rosenblatt Securities increased their target price on Advanced Micro Devices from $42.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Piper Jaffray Companies assumed coverage on Advanced Micro Devices in a report on Monday, August 19th. They set a “neutral” rating and a $33.00 target price for the company. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the company. Advanced Micro Devices has an average rating of “Hold” and a consensus target price of $35.68.
NASDAQ AMD traded up $1.41 during trading hours on Thursday, reaching $41.29. The company’s stock had a trading volume of 94,236,156 shares, compared to its average volume of 68,674,211. The firm has a market capitalization of $42.94 billion, a price-to-earnings ratio of 117.97, a P/E/G ratio of 3.47 and a beta of 3.07. Advanced Micro Devices has a 1-year low of $16.03 and a 1-year high of $41.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.10 and a quick ratio of 1.54. The company’s 50-day moving average is $32.72 and its two-hundred day moving average is $30.96.
In other news, SVP Paul Darren Grasby sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $31.30, for a total value of $187,800.00. Following the completion of the sale, the senior vice president now directly owns 33,113 shares in the company, valued at $1,036,436.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark E. Wallace sold 12,559 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $13.42, for a total value of $168,541.78. Insiders sold 703,023 shares of company stock valued at $22,638,367 over the last 90 days. Company insiders own 1.50% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan grew its position in shares of Advanced Micro Devices by 2.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,450 shares of the semiconductor manufacturer’s stock valued at $361,000 after purchasing an additional 330 shares in the last quarter. Intersect Capital LLC grew its position in Advanced Micro Devices by 3.9% in the second quarter. Intersect Capital LLC now owns 9,176 shares of the semiconductor manufacturer’s stock worth $279,000 after acquiring an additional 345 shares during the period. Parkside Financial Bank & Trust grew its position in Advanced Micro Devices by 47.8% in the third quarter. Parkside Financial Bank & Trust now owns 1,185 shares of the semiconductor manufacturer’s stock worth $35,000 after acquiring an additional 383 shares during the period. Brighton Jones LLC grew its position in Advanced Micro Devices by 4.0% in the third quarter. Brighton Jones LLC now owns 11,187 shares of the semiconductor manufacturer’s stock worth $324,000 after acquiring an additional 431 shares during the period. Finally, Berman Capital Advisors LLC grew its position in 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 worth $46,000 after acquiring an additional 448 shares during the period. Institutional investors and hedge funds own 63.99% of the company’s stock.
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.
Recommended Story: How to read a candlestick chart
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.