Wall Street brokerages expect Advanced Micro Devices, Inc. (NASDAQ:AMD) to announce $0.08 earnings per share for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Advanced Micro Devices’ earnings. The highest EPS estimate is $0.09 and the lowest is $0.08. Advanced Micro Devices posted earnings of ($0.04) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 300%. The company is scheduled to report its next quarterly earnings results on Monday, May 7th.
On average, analysts expect that Advanced Micro Devices will report full year earnings of $0.38 per share for the current year, with EPS estimates ranging from $0.28 to $0.44. For the next financial year, analysts expect that the business will report earnings of $0.52 per share, with EPS estimates ranging from $0.31 to $0.70. Zacks Investment Research’s EPS 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 results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm earned ($0.01) earnings per share. The company’s revenue was up 33.8% compared to the same quarter last year.
Advanced Micro Devices (NASDAQ AMD) opened at $11.70 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.27 and a debt-to-equity ratio of 2.17. Advanced Micro Devices has a 12-month low of $9.70 and a 12-month high of $15.65. The firm has a market capitalization of $11,338.84, a P/E ratio of 195.00, a PEG ratio of 5.06 and a beta of 2.73.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $10.04, for a total value of $1,255,000.00. Following the completion of the transaction, the chief executive officer now owns 1,994,862 shares in the company, valued at approximately $20,028,414.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 100,000 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $12.00, for a total value of $1,200,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,468,240 shares of company stock valued at $17,050,618 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.
Large investors have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. grew its stake in Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after purchasing an additional 8,243 shares during the period. NINE MASTS CAPITAL Ltd bought a new position in Advanced Micro Devices in the 4th quarter valued at $102,000. 1492 Capital Management LLC bought a new position in Advanced Micro Devices in the 3rd quarter valued at $128,000. Chilton Investment Co. LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $103,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $104,000. Hedge funds and other institutional investors own 62.13% of the company’s stock.
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Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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