Equities research analysts forecast that Advanced Micro Devices, Inc. (NASDAQ:AMD) will announce $1.55 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Advanced Micro Devices’ earnings. Advanced Micro Devices posted sales of $984.00 million during the same quarter last year, which indicates a positive year over year growth rate of 57.5%. The firm is expected to issue its next earnings results on Monday, May 7th.
On average, 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 fiscal year, analysts forecast that the firm will post sales of $6.72 billion per share, with estimates ranging from $5.90 billion to $7.69 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Advanced Micro Devices.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The firm’s revenue was up 33.8% on a year-over-year basis.
In other news, CEO Lisa T. Su sold 87,530 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $10.62, for a total value of $929,568.60. Following the transaction, the chief executive officer now directly owns 2,075,903 shares of the company’s stock, valued at $22,046,089.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Harry A. Wolin sold 18,967 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $10.62, for a total transaction of $201,429.54. Following the completion of the transaction, the senior vice president now directly owns 975,517 shares in the company, valued at $10,359,990.54. The disclosure for this sale can be found here. Insiders sold 1,343,240 shares of company stock worth $15,795,618 over the last three months. Insiders own 1.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. OppenheimerFunds Inc. increased its position in Advanced Micro Devices by 10.1% during the fourth quarter. OppenheimerFunds Inc. now owns 22,076,133 shares of the semiconductor manufacturer’s stock worth $226,943,000 after acquiring an additional 2,022,320 shares during the period. TIAA CREF Investment Management LLC increased its position in Advanced Micro Devices by 23.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 12,246,187 shares of the semiconductor manufacturer’s stock worth $125,891,000 after acquiring an additional 2,295,080 shares during the period. Geode Capital Management LLC increased its position in Advanced Micro Devices by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 9,486,698 shares of the semiconductor manufacturer’s stock worth $97,337,000 after acquiring an additional 386,063 shares during the period. Teachers Advisors LLC increased its position in 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 acquiring an additional 2,629,584 shares during the period. Finally, CI Investments Inc. increased its position in Advanced Micro Devices by 17.3% during the fourth quarter. CI Investments Inc. now owns 8,593,176 shares of the semiconductor manufacturer’s stock worth $88,338,000 after acquiring an additional 1,270,283 shares during the period. 62.13% of the stock is currently owned by institutional investors.
Shares of Advanced Micro Devices (NASDAQ AMD) traded down $0.28 on Friday, reaching $11.36. 79,251,892 shares of the company traded hands, compared to its average volume of 65,432,508. Advanced Micro Devices has a fifty-two week low of $9.70 and a fifty-two week high of $15.65. The firm has a market capitalization of $11,020.00, a PE ratio of -13.54, a price-to-earnings-growth ratio of 4.98 and a beta of 2.73. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27.
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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