Advanced Micro Devices, Inc. (NASDAQ:AMD) – KeyCorp dropped their Q4 2019 EPS estimates for shares of Advanced Micro Devices in a report released on Tuesday, October 29th. KeyCorp analyst W. Twigg now forecasts that the semiconductor manufacturer will earn $0.27 per share for the quarter, down from their previous forecast of $0.28. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Advanced Micro Devices’ Q1 2020 earnings at $0.16 EPS, Q2 2020 earnings at $0.17 EPS, Q3 2020 earnings at $0.27 EPS and Q4 2020 earnings at $0.27 EPS.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Advanced Micro Devices had a return on equity of 16.54% and a net margin of 3.47%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $0.13 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis.
Shares of NASDAQ:AMD opened at $34.89 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.10 and a quick ratio of 1.52. The stock’s 50-day moving average is $30.50 and its 200 day moving average is $30.22. Advanced Micro Devices has a 1 year low of $16.03 and a 1 year high of $35.55. The company has a market cap of $37.79 billion, a PE ratio of 99.69, a P/E/G ratio of 2.89 and a beta of 3.07.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Advanced Micro Devices by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 107,711,218 shares of the semiconductor manufacturer’s stock worth $3,271,190,000 after purchasing an additional 4,205,071 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Advanced Micro Devices by 5,801.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 13,053,535 shares of the semiconductor manufacturer’s stock worth $396,435,000 after purchasing an additional 12,832,339 shares in the last quarter. Northern Trust Corp increased its stake in shares of Advanced Micro Devices by 2.4% in the 2nd quarter. Northern Trust Corp now owns 10,377,326 shares of the semiconductor manufacturer’s stock worth $315,158,000 after purchasing an additional 246,225 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Advanced Micro Devices by 3.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,121,778 shares of the semiconductor manufacturer’s stock worth $125,179,000 after purchasing an additional 139,105 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Advanced Micro Devices by 8.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,986,862 shares of the semiconductor manufacturer’s stock worth $115,579,000 after buying an additional 309,242 shares during the period. Institutional investors and hedge funds own 62.53% of the company’s stock.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 128,500 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $28.94, for a total transaction of $3,718,790.00. Following the completion of the sale, the chief executive officer now directly owns 2,289,764 shares in the company, valued at approximately $66,265,770.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Harry A. Wolin sold 90,672 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $33.53, for a total transaction of $3,040,232.16. Following the sale, the senior vice president now owns 1,060,495 shares of the company’s stock, valued at $35,558,397.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,717,910 shares of company stock valued at $55,472,995. Company insiders own 1.50% of the company’s stock.
About Advanced Micro Devices
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 (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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