Equities research analysts predict that Advanced Micro Devices, Inc. (NASDAQ:AMD) will report earnings per share of ($0.03) for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Advanced Micro Devices’ earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.03). Advanced Micro Devices posted earnings per share of ($0.07) in the same quarter last year, which suggests a positive year over year growth rate of 57.1%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, July 25th.

According to Zacks, analysts expect that Advanced Micro Devices will report full-year earnings of ($0.02) per share for the current fiscal year, with EPS estimates ranging from ($0.09) to $0.05. For the next year, analysts expect that the company will report earnings of $0.19 per share, with EPS estimates ranging from $0.05 to $0.32. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Advanced Micro Devices.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $984 million during the quarter, compared to analysts’ expectations of $984.40 million. Advanced Micro Devices had a negative net margin of 10.42% and a negative return on equity of 76.29%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.12) EPS.

A number of equities analysts have issued reports on AMD shares. Canaccord Genuity restated a “buy” rating and set a $17.00 price target on shares of Advanced Micro Devices in a report on Thursday, April 6th. Zacks Investment Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Monday, May 1st. Mizuho increased their price target on Advanced Micro Devices from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Jefferies Group LLC increased their price target on Advanced Micro Devices to $16.00 and gave the stock a “buy” rating in a report on Monday, March 20th. Finally, Rosenblatt Securities increased their price target on Advanced Micro Devices from $16.50 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Advanced Micro Devices presently has a consensus rating of “Hold” and an average target price of $12.76.

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In other news, insider Darla M. Smith sold 17,028 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $10.25, for a total transaction of $174,537.00. Following the completion of the sale, the insider now owns 29,147 shares in the company, valued at approximately $298,756.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 87,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $10.24, for a total value of $896,000.00. Following the sale, the chief executive officer now owns 1,429,540 shares of the company’s stock, valued at approximately $14,638,489.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 618,478 shares of company stock valued at $7,151,477. Corporate insiders own 1.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Advanced Micro Devices by 21.9% in the first quarter. Vanguard Group Inc. now owns 87,294,800 shares of the semiconductor manufacturer’s stock worth $1,270,140,000 after buying an additional 15,661,774 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Advanced Micro Devices by 5,764.6% in the first quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock worth $206,339,000 after buying an additional 13,939,494 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Advanced Micro Devices by 14.2% in the fourth quarter. Teachers Advisors LLC now owns 12,308,204 shares of the semiconductor manufacturer’s stock worth $139,575,000 after buying an additional 1,526,306 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Advanced Micro Devices by 31.7% in the first quarter. Geode Capital Management LLC now owns 9,210,323 shares of the semiconductor manufacturer’s stock worth $133,854,000 after buying an additional 2,215,111 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in shares of Advanced Micro Devices during the first quarter worth $129,039,000. Hedge funds and other institutional investors own 56.84% of the company’s stock.

Advanced Micro Devices (NASDAQ:AMD) traded down 1.36% during trading on Monday, reaching $13.73. 40,911,504 shares of the company traded hands. The company’s market cap is $12.98 billion. Advanced Micro Devices has a 12 month low of $5.10 and a 12 month high of $15.55. The company’s 50-day moving average is $11.98 and its 200 day moving average is $12.33.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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