$0.18 EPS Expected for Advanced Micro Devices, Inc. (NASDAQ:AMD) This Quarter

Wall Street brokerages forecast that Advanced Micro Devices, Inc. (NASDAQ:AMD) will post earnings per share (EPS) of $0.18 for the current quarter, according to Zacks. Nine analysts have provided estimates for Advanced Micro Devices’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.19. Advanced Micro Devices posted earnings of $0.13 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 38.5%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 23rd.

On average, analysts expect that Advanced Micro Devices will report full-year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.60 to $0.68. For the next financial year, analysts expect that the business will post earnings of $1.07 per share, with EPS estimates ranging from $0.85 to $1.40. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Advanced Micro Devices.

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

Several equities analysts recently commented on AMD shares. Nomura set a $37.00 price objective on shares of Advanced Micro Devices and gave the company a “buy” rating in a research note on Friday, August 23rd. Benchmark assumed coverage on shares of Advanced Micro Devices in a report on Thursday, August 1st. They set a “hold” rating for the company. Mizuho set a $36.00 price target on Advanced Micro Devices and gave the company a “hold” rating in a research note on Monday, August 12th. Credit Suisse Group set a $30.00 price target on Advanced Micro Devices and gave the stock a “neutral” rating in a report on Wednesday, July 31st. They noted that the move was a valuation call. Finally, Bank of America upped their price objective on Advanced Micro Devices from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.59.

In related news, SVP Forrest Eugene Norrod sold 50,000 shares of Advanced Micro Devices stock in a transaction on Monday, July 29th. The shares were sold at an average price of $34.12, for a total value of $1,706,000.00. Following the completion of the sale, the senior vice president now owns 809,171 shares of the company’s stock, valued at approximately $27,608,914.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 30,000 shares of Advanced Micro Devices stock in a transaction on Friday, June 14th. The shares were sold at an average price of $30.70, for a total transaction of $921,000.00. Following the completion of the sale, the executive vice president now directly owns 1,329,588 shares of the company’s stock, valued at approximately $40,818,351.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,538,408 shares of company stock valued at $49,994,038. 1.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC purchased a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $74,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Advanced Micro Devices by 5.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 196,362 shares of the semiconductor manufacturer’s stock worth $5,964,000 after buying an additional 9,443 shares in the last quarter. Rehmann Capital Advisory Group raised its position in Advanced Micro Devices by 31.8% in the 2nd quarter. Rehmann Capital Advisory Group now owns 2,755 shares of the semiconductor manufacturer’s stock valued at $84,000 after buying an additional 665 shares during the last quarter. Toronto Dominion Bank raised its position in Advanced Micro Devices by 10.6% in the 2nd quarter. Toronto Dominion Bank now owns 649,475 shares of the semiconductor manufacturer’s stock valued at $19,720,000 after buying an additional 62,241 shares during the last quarter. Finally, Atria Investments LLC lifted its stake in Advanced Micro Devices by 8.8% during the 2nd quarter. Atria Investments LLC now owns 28,947 shares of the semiconductor manufacturer’s stock valued at $888,000 after acquiring an additional 2,352 shares in the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Shares of Advanced Micro Devices stock traded down $0.46 during midday trading on Friday, hitting $29.77. 2,047,628 shares of the company traded hands, compared to its average volume of 57,855,156. The stock has a market cap of $33.11 billion, a price-to-earnings ratio of 85.16, a PEG ratio of 2.66 and a beta of 3.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.52 and a current ratio of 2.08. The firm’s fifty day moving average price is $31.40 and its 200-day moving average price is $28.88. Advanced Micro Devices has a 12 month low of $16.03 and a 12 month high of $35.55.

About Advanced Micro Devices

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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Earnings History and Estimates for Advanced Micro Devices (NASDAQ:AMD)

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