Wall Street brokerages forecast that Advanced Micro Devices, Inc. (NASDAQ:AMD) will announce earnings per share (EPS) of $0.05 for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Advanced Micro Devices’ earnings. The lowest EPS estimate is $0.04 and the highest is $0.07. Advanced Micro Devices posted earnings of ($0.01) per share during the same quarter last year, which would indicate a positive year over year growth rate of 600%. The business is expected to report its next earnings results after the market closes on Tuesday, January 30th.

According to Zacks, analysts expect that Advanced Micro Devices will report full-year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.17. For the next financial year, analysts anticipate that the firm will report earnings of $0.34 per share, with EPS estimates ranging from $0.19 to $0.52. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Advanced Micro Devices.

Several research firms have issued reports on AMD. BidaskClub raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Macquarie raised shares of Advanced Micro Devices from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $10.29 to $10.47 in a research report on Monday, December 18th. Goldman Sachs Group dropped their price target on shares of Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating on the stock in a research report on Wednesday, November 29th. Mizuho reaffirmed a “buy” rating and set a $17.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, November 28th. Finally, Bank of America reaffirmed a “buy” rating and set a $18.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, November 14th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.73.

Shares of Advanced Micro Devices (AMD) opened at $12.18 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61. Advanced Micro Devices has a 1 year low of $9.42 and a 1 year high of $15.65. The stock has a market cap of $11,750.00, a price-to-earnings ratio of -152.25, a price-to-earnings-growth ratio of 6.27 and a beta of 2.47.

In related news, SVP Harry A. Wolin sold 18,967 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $10.62, for a total value of $201,429.54. Following the transaction, the senior vice president now directly owns 975,517 shares in the company, valued at $10,359,990.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Darla M. Smith sold 18,001 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $11.37, for a total transaction of $204,671.37. Following the completion of the transaction, the chief accounting officer now owns 19,078 shares in the company, valued at $216,916.86. The disclosure for this sale can be found here. Insiders sold 1,759,990 shares of company stock worth $19,885,753 over the last three months. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AMD. Coldstream Capital Management Inc. grew its stake in Advanced Micro Devices by 0.3% during the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock worth $259,000 after buying an additional 60 shares in the last quarter. Wealthfront Inc. grew its stake in Advanced Micro Devices by 0.5% during the second quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock worth $250,000 after buying an additional 104 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Advanced Micro Devices by 0.4% during the second quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock worth $875,000 after buying an additional 272 shares in the last quarter. Nordea Investment Management AB grew its stake in Advanced Micro Devices by 4.6% during the second quarter. Nordea Investment Management AB now owns 32,480 shares of the semiconductor manufacturer’s stock worth $405,000 after buying an additional 1,438 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Advanced Micro Devices by 4.7% during the second quarter. HighTower Advisors LLC now owns 41,126 shares of the semiconductor manufacturer’s stock worth $512,000 after buying an additional 1,856 shares in the last quarter. Institutional investors and hedge funds own 60.09% of the company’s stock.

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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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