Wall Street analysts expect Advanced Micro Devices, Inc. (NASDAQ:AMD) to report sales of $1.71 billion for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Advanced Micro Devices’ earnings, with estimates ranging from $1.70 billion to $1.74 billion. Advanced Micro Devices posted sales of $1.64 billion during the same quarter last year, which would indicate a positive year over year growth rate of 4.3%. The company is scheduled to announce its next quarterly earnings report on Tuesday, October 23rd.

According to Zacks, analysts expect that Advanced Micro Devices will report full-year sales of $6.69 billion for the current year, with estimates ranging from $6.56 billion to $6.78 billion. For the next year, analysts forecast that the firm will report sales of $7.35 billion per share, with estimates ranging from $7.00 billion to $7.77 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Advanced Micro Devices.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. Advanced Micro Devices had a return on equity of 52.84% and a net margin of 5.04%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the firm posted $0.02 earnings per share. Advanced Micro Devices’s revenue was up 52.6% compared to the same quarter last year.

Several brokerages have issued reports on AMD. Wells Fargo & Co reissued a “buy” rating on shares of Advanced Micro Devices in a research report on Thursday, July 26th. BidaskClub raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, June 26th. Barclays cut Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and set a $15.00 target price on the stock. in a research report on Monday, August 6th. Finally, Bank of America raised their target price on Advanced Micro Devices to $25.00 and gave the stock an “average” rating in a research report on Monday, August 6th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $17.31.

Advanced Micro Devices stock opened at $24.89 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.26 and a current ratio of 1.66. Advanced Micro Devices has a one year low of $9.04 and a one year high of $27.30. The firm has a market cap of $24.63 billion, a P/E ratio of 314.00, a price-to-earnings-growth ratio of 8.95 and a beta of 3.08.

In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $15.27, for a total value of $954,375.00. Following the transaction, the senior vice president now owns 668,772 shares of the company’s stock, valued at $10,212,148.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 300,000 shares of the firm’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $15.38, for a total value of $4,614,000.00. The disclosure for this sale can be found here. Insiders sold 24,842,054 shares of company stock worth $477,572,698 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in Advanced Micro Devices during the 1st quarter valued at approximately $106,000. Cetera Advisors LLC bought a new stake in Advanced Micro Devices during the 1st quarter valued at approximately $111,000. Sandy Spring Bank raised its stake in Advanced Micro Devices by 374.2% during the 1st quarter. Sandy Spring Bank now owns 11,025 shares of the semiconductor manufacturer’s stock valued at $111,000 after purchasing an additional 8,700 shares during the period. CMT Capital Markets Trading GmbH bought a new stake in Advanced Micro Devices during the 1st quarter valued at approximately $120,000. Finally, Valeo Financial Advisors LLC raised its stake in Advanced Micro Devices by 953.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 6,847 shares of the semiconductor manufacturer’s stock valued at $135,000 after purchasing an additional 6,197 shares during the period. 65.92% of the stock is currently owned by institutional investors.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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