Advanced Micro Devices, Inc. (AMD) Expected to Post Quarterly Sales of $1.55 Billion
Analysts expect Advanced Micro Devices, Inc. (NASDAQ:AMD) to report sales of $1.55 billion for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Advanced Micro Devices’ earnings. Advanced Micro Devices reported sales of $984.00 million in the same quarter last year, which indicates a positive year over year growth rate of 57.5%. The firm is scheduled to announce its next quarterly earnings report on Monday, May 7th.
According to Zacks, analysts expect that Advanced Micro Devices will report full year sales of $1.55 billion for the current fiscal year, with estimates ranging from $5.72 billion to $6.47 billion. For the next financial year, analysts anticipate that the business will post sales of $6.72 billion per share, with estimates ranging from $5.90 billion to $7.69 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Advanced Micro Devices.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The business’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period last year, the business posted ($0.01) earnings per share.
Shares of Advanced Micro Devices (AMD) opened at $11.70 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.27 and a debt-to-equity ratio of 2.17. The stock has a market cap of $11,080.00, a P/E ratio of -13.93, a price-to-earnings-growth ratio of 5.17 and a beta of 2.73. Advanced Micro Devices has a 1 year low of $9.70 and a 1 year high of $15.65.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $10.04, for a total transaction of $1,255,000.00. Following the sale, the chief executive officer now owns 1,994,862 shares of the company’s stock, valued at $20,028,414.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 100,000 shares of the business’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $12.00, for a total transaction of $1,200,000.00. The disclosure for this sale can be found here. Insiders sold 1,543,240 shares of company stock worth $17,800,618 over the last three months. 1.60% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of AMD. CI Investments Inc. grew its stake in shares of Advanced Micro Devices by 312.3% during the third quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock worth $93,367,000 after buying an additional 5,546,993 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Advanced Micro Devices during the third quarter worth $49,674,000. Teachers Advisors LLC grew its stake in shares of Advanced Micro Devices by 40.4% during the fourth quarter. Teachers Advisors LLC now owns 9,142,340 shares of the semiconductor manufacturer’s stock worth $93,983,000 after buying an additional 2,629,584 shares during the last quarter. Carillon Tower Advisers Inc. bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $26,894,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $24,976,000. 61.64% of the stock is currently owned by hedge funds and other institutional investors.
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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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