$0.30 EPS Expected for Advanced Micro Devices, Inc. (NASDAQ:AMD) This Quarter

Wall Street analysts expect Advanced Micro Devices, Inc. (NASDAQ:AMD) to report earnings per share of $0.30 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Advanced Micro Devices’ earnings. The lowest EPS estimate is $0.28 and the highest is $0.33. Advanced Micro Devices reported earnings per share of $0.08 in the same quarter last year, which would suggest a positive year over year growth rate of 275%. The firm is expected to report its next earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Advanced Micro Devices will report full year earnings of $0.62 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.65. For the next financial year, analysts anticipate that the company will report earnings of $1.09 per share, with EPS estimates ranging from $0.85 to $1.36. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Advanced Micro Devices.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. Advanced Micro Devices had a return on equity of 16.54% and a net margin of 3.47%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the business posted $0.13 EPS. The company’s revenue was up 9.0% on a year-over-year basis.

Several brokerages have weighed in on AMD. Citigroup reiterated a “sell” rating on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Zacks Investment Research downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $38.00 target price on the stock. in a research note on Monday, November 4th. BidaskClub downgraded Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Nomura lifted their target price on Advanced Micro Devices from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley lifted their target price on Advanced Micro Devices from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $35.65.

In related news, EVP Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $41.28, for a total value of $1,238,400.00. Also, EVP Mark D. Papermaster sold 30,497 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $30.66, for a total value of $935,038.02. Following the completion of the transaction, the executive vice president now owns 1,365,777 shares of the company’s stock, valued at $41,874,722.82. The disclosure for this sale can be found here. Insiders sold 505,393 shares of company stock valued at $17,962,181 over the last quarter. Insiders own 1.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in AMD. FinTrust Capital Advisors LLC grew its position in Advanced Micro Devices by 177.2% during the third quarter. FinTrust Capital Advisors LLC now owns 887 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 567 shares during the period. Trust Co. of Vermont grew its position in Advanced Micro Devices by 1,153.8% during the third quarter. Trust Co. of Vermont now owns 978 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 900 shares during the period. Doyle Wealth Management purchased a new stake in Advanced Micro Devices during the second quarter valued at about $31,000. Ropes Wealth Advisors LLC grew its position in Advanced Micro Devices by 182.9% during the second quarter. Ropes Wealth Advisors LLC now owns 1,160 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 750 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Advanced Micro Devices by 47.8% during the third quarter. Parkside Financial Bank & Trust now owns 1,185 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 383 shares during the period. Hedge funds and other institutional investors own 70.56% of the company’s stock.

Shares of AMD stock traded up $3.12 during midday trading on Friday, hitting $42.59. The company had a trading volume of 85,828,010 shares, compared to its average volume of 50,694,656. The company’s 50 day simple moving average is $37.22 and its 200 day simple moving average is $32.34. Advanced Micro Devices has a 52-week low of $16.03 and a 52-week high of $41.79. The stock has a market cap of $45.99 billion, a price-to-earnings ratio of 121.69, a PEG ratio of 3.51 and a beta of 3.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.10 and a quick ratio of 1.54.

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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