Advanced Micro Devices, Inc. (AMD) to Release Quarterly Earnings on Tuesday
Advanced Micro Devices, Inc. (NASDAQ:AMD) will issue its quarterly earnings data after the market closes on Tuesday, July 25th. Advanced Micro Devices has set its FY17 guidance at profitable EPS.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Monday, May 1st. The semiconductor manufacturer reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). Advanced Micro Devices had a negative net margin of 10.42% and a negative return on equity of 76.29%. The firm had revenue of $984 million for the quarter, compared to the consensus estimate of $984.40 million. During the same period in the previous year, the company earned ($0.12) earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. On average, analysts expect Advanced Micro Devices to post $0.07 EPS for the current fiscal year and $0.29 EPS for the next fiscal year.
Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 13.80 on Tuesday. The firm’s market capitalization is $13.04 billion. Advanced Micro Devices, Inc. has a 12-month low of $5.10 and a 12-month high of $15.55. The firm has a 50 day moving average of $11.98 and a 200 day moving average of $12.33.
In other news, insider Darla M. Smith sold 9,620 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $10.98, for a total transaction of $105,627.60. Following the transaction, the insider now directly owns 19,808 shares of the company’s stock, valued at $217,491.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 87,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $10.24, for a total value of $896,000.00. Following the transaction, the chief executive officer now directly owns 1,429,540 shares in the company, valued at $14,638,489.60. The disclosure for this sale can be found here. Insiders sold 618,478 shares of company stock valued at $7,151,477 in the last quarter. Corporate insiders own 1.60% of the company’s stock.
A number of research firms have recently commented on AMD. Susquehanna Bancshares Inc lifted their target price on Advanced Micro Devices from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, March 20th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a research note on Thursday, April 6th. Canaccord Genuity reiterated a “buy” rating and set a $17.00 target price on shares of Advanced Micro Devices in a research note on Thursday, April 6th. Goldman Sachs Group, Inc. (The) began coverage on Advanced Micro Devices in a research note on Thursday, April 6th. They set a “sell” rating and a $11.00 target price on the stock. Finally, Vetr upgraded Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 target price on the stock in a research note on Monday, June 26th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.88.
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About Advanced Micro Devices
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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