$2.10 Billion in Sales Expected for Advanced Micro Devices, Inc. (NASDAQ:AMD) This Quarter

Equities research analysts expect that Advanced Micro Devices, Inc. (NASDAQ:AMD) will post $2.10 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Advanced Micro Devices’ earnings. The lowest sales estimate is $2.10 billion and the highest is $2.11 billion. Advanced Micro Devices reported sales of $1.42 billion in the same quarter last year, which indicates a positive year over year growth rate of 47.9%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Advanced Micro Devices will report full year sales of $6.71 billion for the current financial year, with estimates ranging from $6.70 billion to $6.71 billion. For the next fiscal year, analysts expect that the business will report sales of $8.54 billion, with estimates ranging from $8.03 billion to $9.01 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Advanced Micro Devices.

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

A number of equities analysts have issued reports on the stock. Nomura raised their target price on shares of Advanced Micro Devices from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $39.00 target price on shares of Advanced Micro Devices in a report on Monday, October 28th. Argus raised their target price on shares of Advanced Micro Devices to $40.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Co reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Jefferies Financial Group raised their target price on shares of Advanced Micro Devices from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the company. Advanced Micro Devices currently has a consensus rating of “Hold” and an average target price of $35.00.

Shares of NASDAQ AMD opened at $38.56 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.10 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average price is $32.12 and its two-hundred day moving average price is $30.79. Advanced Micro Devices has a 52-week low of $16.03 and a 52-week high of $39.37. The stock has a market capitalization of $40.88 billion, a P/E ratio of 110.17, a P/E/G ratio of 3.31 and a beta of 3.07.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 128,500 shares of Advanced Micro Devices stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $36.54, for a total transaction of $4,695,390.00. Following the completion of the sale, the chief executive officer now owns 2,830,767 shares of the company’s stock, valued at approximately $103,436,226.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul Darren Grasby sold 6,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $31.30, for a total transaction of $187,800.00. Following the sale, the senior vice president now directly owns 33,113 shares of the company’s stock, valued at approximately $1,036,436.90. The disclosure for this sale can be found here. Insiders sold a total of 703,023 shares of company stock valued at $22,638,367 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Several large investors have recently modified their holdings of the business. FinTrust Capital Advisors LLC raised its holdings in shares of Advanced Micro Devices by 177.2% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 887 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 567 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of Advanced Micro Devices by 1,153.8% during the 3rd quarter. Trust Co. of Vermont now owns 978 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 900 shares in the last quarter. First PREMIER Bank bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $30,000. Doyle Wealth Management bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $31,000. Finally, Ropes Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 182.9% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,160 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 750 shares in the last quarter. 61.06% of the stock is owned by institutional investors.

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

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