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.
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.
Featured Story: Why are gap-down stocks important?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.