Equities research analysts predict that Advanced Micro Devices, Inc. (NASDAQ:AMD) will post sales of $1.16 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Advanced Micro Devices’ earnings, with the lowest sales estimate coming in at $1.15 billion and the highest estimate coming in at $1.20 billion. Advanced Micro Devices reported sales of $1.03 billion in the same quarter last year, which indicates a positive year over year growth rate of 12.6%. The business is expected to announce its next earnings report after the market closes on Tuesday, July 25th.

On average, analysts expect that Advanced Micro Devices will report full year sales of $1.16 billion for the current year, with estimates ranging from $4.68 billion to $5.02 billion. For the next fiscal year, analysts anticipate that the business will post sales of $5.37 billion per share, with estimates ranging from $5.05 billion to $6.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Advanced Micro Devices.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $984.40 million. During the same period last year, the firm posted ($0.12) earnings per share. Advanced Micro Devices’s revenue for the quarter was up 18.3% compared to the same quarter last year.

AMD has been the subject of several analyst reports. Macquarie initiated coverage on Advanced Micro Devices in a report on Thursday, March 30th. They issued a “neutral” rating and a $14.00 target price for the company. Goldman Sachs Group, Inc. (The) initiated coverage on Advanced Micro Devices in a report on Thursday, April 6th. They issued a “sell” rating and a $11.00 target price for the company. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Advanced Micro Devices in a report on Thursday, April 6th. Canaccord Genuity restated a “buy” rating and issued a $17.00 target price on shares of Advanced Micro Devices in a report on Thursday, April 6th. Finally, Sanford C. Bernstein restated a “sell” rating on shares of Advanced Micro Devices in a report on Tuesday, April 25th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Advanced Micro Devices presently has a consensus rating of “Hold” and a consensus price target of $12.88.

Advanced Micro Devices (NASDAQ AMD) traded up 1.71% on Wednesday, hitting $13.71. 34,995,205 shares of the company were exchanged. The stock’s market capitalization is $12.96 billion. Advanced Micro Devices has a 52-week low of $5.10 and a 52-week high of $15.55. The stock’s 50-day moving average price is $12.72 and its 200-day moving average price is $12.54.

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In related news, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $13.21, for a total transaction of $825,625.00. Following the transaction, the senior vice president now owns 646,061 shares in the company, valued at approximately $8,534,465.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP James Robert Anderson sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $10.86, for a total value of $217,200.00. Following the transaction, the senior vice president now owns 300,334 shares in the company, valued at approximately $3,261,627.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 618,478 shares of company stock worth $7,151,477. Company insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. North Star Asset Management Inc. increased its position in shares of Advanced Micro Devices by 1.5% in the first quarter. North Star Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock valued at $223,000 after buying an additional 233 shares during the period. Pier Capital LLC increased its position in shares of Advanced Micro Devices by 1.0% in the first quarter. Pier Capital LLC now owns 49,311 shares of the semiconductor manufacturer’s stock valued at $717,000 after buying an additional 474 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Advanced Micro Devices by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 48,100 shares of the semiconductor manufacturer’s stock valued at $600,000 after buying an additional 700 shares during the period. Concert Wealth Management Inc. increased its position in shares of Advanced Micro Devices by 4.8% in the first quarter. Concert Wealth Management Inc. now owns 16,560 shares of the semiconductor manufacturer’s stock valued at $188,000 after buying an additional 760 shares during the period. Finally, Amalgamated Bank increased its position in shares of Advanced Micro Devices by 0.8% in the first quarter. Amalgamated Bank now owns 105,562 shares of the semiconductor manufacturer’s stock valued at $1,536,000 after buying an additional 885 shares during the period. Hedge funds and other institutional investors own 56.84% of the company’s stock.

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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