Advanced Micro Devices, Inc. (AMD) to Release Quarterly Earnings on Tuesday
Advanced Micro Devices, Inc. (NASDAQ:AMD) will be announcing its Q3 2017 earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.07 per share for the quarter.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business posted ($0.05) EPS. The firm’s revenue was up 19.0% compared to the same quarter last year. On average, analysts expect Advanced Micro Devices to post $0.01 EPS for the current fiscal year and $0.22 EPS for the next fiscal year.
Advanced Micro Devices, Inc. (AMD) opened at 14.10 on Tuesday. The firm’s market cap is $13.35 billion. The firm has a 50-day moving average of $13.21 and a 200-day moving average of $12.72. Advanced Micro Devices, Inc. has a one year low of $6.22 and a one year high of $15.65.
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Several analysts recently issued reports on the stock. BMO Capital Markets downgraded shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a report on Wednesday, July 26th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 30th. Jefferies Group LLC set a $19.00 price objective on shares of Advanced Micro Devices and gave the stock a “buy” rating in a report on Wednesday, July 26th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating on shares of Advanced Micro Devices in a report on Monday, July 3rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $11.00 price objective on shares of Advanced Micro Devices in a report on Saturday, July 22nd. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.93.
In other news, SVP James Robert Anderson sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $13.91, for a total transaction of $278,200.00. Following the completion of the transaction, the senior vice president now directly owns 422,363 shares of the company’s stock, valued at approximately $5,875,069.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 82,709 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $13.62, for a total transaction of $1,126,496.58. The disclosure for this sale can be found here. Insiders have sold a total of 42,157,502 shares of company stock valued at $21,024,000,027,762,700 over the last ninety days. 1.60% of the stock is owned by insiders.
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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