Advanced Micro Devices (AMD) to Release Quarterly Earnings on Tuesday

Advanced Micro Devices (NASDAQ:AMD – Get Rating) will be announcing its earnings results after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last posted its quarterly earnings results on Tuesday, February 1st. The semiconductor manufacturer reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.14. Advanced Micro Devices had a net margin of 19.24% and a return on equity of 44.25%. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the prior year, the business posted $0.45 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 48.8% compared to the same quarter last year. On average, analysts expect Advanced Micro Devices to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NASDAQ AMD opened at $90.69 on Tuesday. Advanced Micro Devices has a 1-year low of $72.50 and a 1-year high of $164.46. The company has a market capitalization of $108.76 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 0.81 and a beta of 1.81. The firm’s fifty day simple moving average is $108.26 and its 200-day simple moving average is $124.76.

In other news, EVP Rick Bergman sold 2,000 shares of the stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $117.12, for a total value of $234,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Edward Caldwell sold 10,000 shares of the stock in a transaction on Friday, April 1st. The shares were sold at an average price of $109.28, for a total transaction of $1,092,800.00. Following the completion of the transaction, the director now owns 4,672 shares of the company’s stock, valued at approximately $510,556.16. The disclosure for this sale can be found here. Insiders sold a total of 191,176 shares of company stock valued at $23,266,902 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in AMD. Thrivent Financial for Lutherans grew its holdings in shares of Advanced Micro Devices by 40.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 172,989 shares of the semiconductor manufacturer’s stock worth $24,893,000 after purchasing an additional 49,484 shares during the last quarter. Strategic Wealth Advisors Group LLC grew its holdings in shares of Advanced Micro Devices by 36.7% in the 4th quarter. Strategic Wealth Advisors Group LLC now owns 38,097 shares of the semiconductor manufacturer’s stock worth $5,630,000 after purchasing an additional 10,224 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Advanced Micro Devices by 38.5% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 27,024 shares of the semiconductor manufacturer’s stock worth $3,889,000 after purchasing an additional 7,506 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Advanced Micro Devices by 20.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 15,812 shares of the semiconductor manufacturer’s stock worth $2,275,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in shares of Advanced Micro Devices by 7.3% in the 4th quarter. Glenmede Trust Co. NA now owns 11,355 shares of the semiconductor manufacturer’s stock worth $1,633,000 after purchasing an additional 771 shares during the last quarter. Institutional investors own 68.92% of the company’s stock.

A number of equities analysts have recently weighed in on AMD shares. Erste Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Susquehanna increased their target price on shares of Advanced Micro Devices from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, February 2nd. Jefferies Financial Group increased their target price on shares of Advanced Micro Devices from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 2nd. Rosenblatt Securities increased their target price on shares of Advanced Micro Devices from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 2nd. Finally, Bank of America increased their target price on shares of Advanced Micro Devices from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 2nd. Thirteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $145.56.

About Advanced Micro Devices (Get Rating)

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, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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