Advanced Micro Devices, Inc. (AMD) Posts Quarterly Earnings Results
Advanced Micro Devices, Inc. (NASDAQ:AMD) posted its quarterly earnings results on Tuesday. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Advanced Micro Devices had a negative return on equity of 76.29% and a negative net margin of 10.42%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned ($0.05) EPS. The firm’s revenue was up 19.0% on a year-over-year basis.
Advanced Micro Devices (AMD) traded down 0.35% during mid-day trading on Tuesday, hitting $14.11. The company had a trading volume of 98,047,389 shares. The firm’s market capitalization is $13.33 billion. The company’s 50 day moving average price is $13.04 and its 200-day moving average price is $12.60. Advanced Micro Devices has a 12-month low of $5.45 and a 12-month high of $15.55.
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Several research analysts have recently issued reports on AMD shares. Summit Redstone restated a “hold” rating on shares of Advanced Micro Devices in a research report on Saturday. Canaccord Genuity restated a “buy” rating and issued a $17.00 price target on shares of Advanced Micro Devices in a research report on Friday, May 19th. 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 research report on Monday, May 1st. MKM Partners restated a “neutral” rating and issued a $13.00 price target on shares of Advanced Micro Devices in a research report on Friday. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, May 19th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Advanced Micro Devices has a consensus rating of “Hold” and a consensus price target of $12.88.
In related news, SVP Harry A. Wolin sold 46,875 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $12.75, for a total value of $597,656.25. Following the completion of the transaction, the senior vice president now directly owns 834,549 shares in the company, valued at approximately $10,640,499.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $10.86, for a total transaction of $217,200.00. Following the completion of the transaction, the senior vice president now owns 300,334 shares of the company’s stock, valued at $3,261,627.24. The disclosure for this sale can be found here. Insiders sold a total of 618,478 shares of company stock valued at $7,151,477 over the last quarter. 1.60% of the stock is owned by company insiders.
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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