Advanced Micro Devices (NASDAQ:AMD) is scheduled to post its quarterly earnings results after the market closes on Tuesday, July 27th. Analysts expect Advanced Micro Devices to post earnings of $0.48 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Monday, April 26th. The semiconductor manufacturer reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.20 billion. Advanced Micro Devices had a return on equity of 35.31% and a net margin of 25.24%. The business’s revenue for the quarter was up 92.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. On average, analysts expect Advanced Micro Devices to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Advanced Micro Devices stock opened at $86.58 on Tuesday. The stock has a market capitalization of $105.20 billion, a price-to-earnings ratio of 36.84, a P/E/G ratio of 1.29 and a beta of 2.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.94 and a current ratio of 2.51. Advanced Micro Devices has a 12 month low of $54.83 and a 12 month high of $99.23. The company’s fifty day moving average price is $83.26.
Several equities analysts have recently commented on the company. Benchmark assumed coverage on Advanced Micro Devices in a research note on Friday, May 28th. They set a “buy” rating and a $100.00 price target on the stock. Raymond James raised their price objective on Advanced Micro Devices from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Northland Securities raised their price objective on Advanced Micro Devices from $96.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. KeyCorp assumed coverage on Advanced Micro Devices in a research report on Thursday, May 20th. They set a “sector weight” rating on the stock. Finally, Citigroup raised Advanced Micro Devices from a “sell” rating to a “neutral” rating and raised their price objective for the company from $17.00 to $95.00 in a research report on Thursday, July 15th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $96.69.
In related news, SVP Forrest Eugene Norrod sold 79,183 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $84.23, for a total transaction of $6,669,584.09. Following the completion of the transaction, the senior vice president now directly owns 329,141 shares in the company, valued at $27,723,546.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Darla M. Smith sold 1,055 shares of the business’s stock in a transaction that occurred on Tuesday, May 11th. The shares were sold at an average price of $73.39, for a total value of $77,426.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 553,099 shares of company stock valued at $44,631,323. 1.00% of the stock is owned by company insiders.
About Advanced Micro Devices
Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.
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