Advanced Micro Devices, Inc. (NASDAQ:AMD) – Stock analysts at Wedbush dropped their Q1 2021 earnings per share estimates for Advanced Micro Devices in a research report issued to clients and investors on Tuesday, January 12th. Wedbush analyst M. Bryson now expects that the semiconductor manufacturer will post earnings per share of $0.30 for the quarter, down from their prior forecast of $0.32. Wedbush has a “Outperform” rating and a $110.00 price target on the stock. Wedbush also issued estimates for Advanced Micro Devices’ Q2 2021 earnings at $0.35 EPS, Q3 2021 earnings at $0.49 EPS, Q4 2021 earnings at $0.54 EPS and FY2021 earnings at $1.68 EPS.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 27th. The semiconductor manufacturer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.10. Advanced Micro Devices had a net margin of 10.17% and a return on equity of 33.04%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The business’s revenue was up 55.5% compared to the same quarter last year.
Shares of NASDAQ:AMD opened at $91.78 on Thursday. The company has a 50-day simple moving average of $92.72 and a 200-day simple moving average of $80.58. Advanced Micro Devices has a one year low of $36.75 and a one year high of $99.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.74 and a current ratio of 2.28. The stock has a market capitalization of $110.38 billion, a price-to-earnings ratio of 124.03, a PEG ratio of 1.20 and a beta of 2.29.
A number of institutional investors have recently added to or reduced their stakes in AMD. Sylebra Capital Ltd acquired a new position in Advanced Micro Devices in the third quarter valued at $114,322,000. Point72 Asset Management L.P. bought a new position in shares of Advanced Micro Devices during the third quarter valued at $108,613,000. Two Sigma Advisers LP raised its stake in shares of Advanced Micro Devices by 193.3% during the second quarter. Two Sigma Advisers LP now owns 1,953,568 shares of the semiconductor manufacturer’s stock valued at $102,777,000 after acquiring an additional 1,287,400 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Advanced Micro Devices by 61.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,255,650 shares of the semiconductor manufacturer’s stock worth $266,929,000 after purchasing an additional 1,233,991 shares during the period. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Advanced Micro Devices by 23.5% in the third quarter. UBS Asset Management Americas Inc. now owns 5,841,883 shares of the semiconductor manufacturer’s stock worth $478,976,000 after purchasing an additional 1,112,059 shares during the last quarter. Hedge funds and other institutional investors own 67.01% of the company’s stock.
In other news, CEO Lisa T. Su sold 150,000 shares of the business’s stock in a transaction on Tuesday, December 8th. The stock was sold at an average price of $92.89, for a total value of $13,933,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,776,039 shares of the company’s stock, valued at $257,866,262.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 43,000 shares of the business’s stock in a transaction on Friday, November 13th. The stock was sold at an average price of $82.36, for a total value of $3,541,480.00. Following the completion of the transaction, the executive vice president now directly owns 1,465,329 shares of the company’s stock, valued at $120,684,496.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 197,106 shares of company stock valued at $17,820,093. Insiders own 1.20% of the company’s stock.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.
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