Wall Street analysts expect Advanced Micro Devices, Inc. (NASDAQ:AMD) to post sales of $1.52 billion for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Advanced Micro Devices’ earnings. Advanced Micro Devices posted sales of $1.76 billion during the same quarter last year, which suggests a negative year over year growth rate of 13.6%. The business is scheduled to issue its next earnings report on Wednesday, July 24th.
On average, analysts expect that Advanced Micro Devices will report full-year sales of $6.87 billion for the current financial year, with estimates ranging from $6.58 billion to $7.02 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $8.25 billion, with estimates ranging from $7.46 billion to $9.18 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Advanced Micro Devices.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. Advanced Micro Devices had a net margin of 4.46% and a return on equity of 25.23%. Advanced Micro Devices’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS.
AMD has been the topic of a number of analyst reports. Wells Fargo & Co increased their price target on shares of Advanced Micro Devices from $30.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Cowen increased their target price on Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 30th. Daiwa Capital Markets set a $27.00 target price on Advanced Micro Devices and gave the stock a “buy” rating in a research note on Saturday, February 2nd. ValuEngine cut Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Finally, JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $18.00 to $20.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $28.92.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 250,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $26.75, for a total transaction of $6,687,500.00. Following the completion of the sale, the chief executive officer now owns 2,511,264 shares of the company’s stock, valued at approximately $67,176,312. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Devinder Kumar sold 130,000 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $23.67, for a total value of $3,077,100.00. Following the sale, the chief financial officer now directly owns 712,255 shares of the company’s stock, valued at approximately $16,859,075.85. The disclosure for this sale can be found here. In the last three months, insiders sold 711,664 shares of company stock valued at $18,409,149. 1.50% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the business. Joseph P. Lucia & Associates LLC acquired a new stake in Advanced Micro Devices during the 1st quarter valued at $25,000. Advisory Alpha LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $26,000. Peddock Capital Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 151.5% during the first quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 615 shares in the last quarter. Finally, Berman Capital Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 99.4% during the first quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 537 shares in the last quarter. 58.89% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:AMD traded up $0.08 during mid-day trading on Friday, reaching $26.44. The stock had a trading volume of 39,706,348 shares, compared to its average volume of 76,827,492. The company has a market capitalization of $28.60 billion, a price-to-earnings ratio of 75.54, a P/E/G ratio of 1.63 and a beta of 3.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.08 and a quick ratio of 1.54. Advanced Micro Devices has a twelve month low of $13.26 and a twelve month high of $34.14.
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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