Brokerages predict that Advanced Micro Devices, Inc. (NASDAQ:AMD) will post $0.19 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Advanced Micro Devices’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.29. Advanced Micro Devices reported earnings per share of $0.13 during the same quarter last year, which would suggest a positive year-over-year growth rate of 46.2%. The business is scheduled to announce its next quarterly earnings results on Wednesday, October 23rd.

On average, analysts expect that Advanced Micro Devices will report full-year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.72. For the next year, analysts expect that the business will report earnings of $1.08 per share, with EPS estimates ranging from $0.85 to $1.40. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Advanced Micro Devices.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the business earned $0.14 EPS. Advanced Micro Devices’s quarterly revenue was down 12.8% compared to the same quarter last year.

Several research firms recently issued reports on AMD. MKM Partners lifted their price objective on shares of Advanced Micro Devices to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Nomura lifted their price objective on shares of Advanced Micro Devices from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Atlantic Securities began coverage on shares of Advanced Micro Devices in a research note on Monday, July 22nd. They issued a “neutral” rating and a $28.00 price objective for the company. Bank of America lifted their price objective on shares of Advanced Micro Devices from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Barclays boosted their target price on shares of Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $31.54.

Shares of AMD stock traded down $0.57 on Thursday, hitting $29.67. The company’s stock had a trading volume of 70,619,100 shares, compared to its average volume of 69,495,664. 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. The firm’s fifty day moving average price is $32.12. The firm has a market cap of $35.20 billion, a PE ratio of 84.77, a price-to-earnings-growth ratio of 2.76 and a beta of 3.06.

In related news, SVP Paul Darren Grasby sold 6,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $28.39, for a total value of $170,340.00. Following the sale, the senior vice president now owns 22,979 shares of the company’s stock, valued at $652,373.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Darla M. Smith sold 8,388 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $33.53, for a total transaction of $281,249.64. Following the completion of the sale, the chief accounting officer now directly owns 35,918 shares in the company, valued at approximately $1,204,330.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,878,524 shares of company stock worth $60,911,813. Insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Advanced Micro Devices by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,399,337 shares of the semiconductor manufacturer’s stock worth $62,743,000 after purchasing an additional 136,475 shares during the period. Geode Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock worth $240,885,000 after acquiring an additional 1,651,507 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Advanced Micro Devices in the 1st quarter worth approximately $215,000. Louisiana State Employees Retirement System grew its holdings in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the semiconductor manufacturer’s stock worth $1,187,000 after acquiring an additional 400 shares during the period. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Advanced Micro Devices in the 1st quarter worth approximately $121,000. 60.38% of the stock is currently owned by institutional investors and hedge funds.

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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