Advanced Micro Devices (AMD) Releases Earnings Results, Beats Expectations By $0.04 EPS

Advanced Micro Devices (NASDAQ:AMD) announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04, Bloomberg Earnings reports. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm posted ($0.01) EPS. The company’s quarterly revenue was up 33.8% on a year-over-year basis.

Advanced Micro Devices (NASDAQ AMD) traded up $0.31 during trading hours on Thursday, reaching $12.51. The company had a trading volume of 12,824,176 shares, compared to its average volume of 66,270,000. The company has a quick ratio of 1.27, a current ratio of 1.76 and a debt-to-equity ratio of 2.17. Advanced Micro Devices has a one year low of $9.70 and a one year high of $15.65. The company has a market cap of $12,050.00, a P/E ratio of 416.84, a price-to-earnings-growth ratio of 5.02 and a beta of 2.70.

In other Advanced Micro Devices news, CAO Darla M. Smith sold 18,001 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $11.37, for a total value of $204,671.37. Following the completion of the sale, the chief accounting officer now owns 19,078 shares in the company, valued at $216,916.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $10.04, for a total value of $1,255,000.00. Following the completion of the sale, the chief executive officer now owns 1,994,862 shares of the company’s stock, valued at approximately $20,028,414.48. The disclosure for this sale can be found here. Insiders sold 1,456,619 shares of company stock valued at $16,363,714 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

AMD has been the subject of several research reports. BMO Capital Markets reissued a “hold” rating and issued a $15.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 18th. Jefferies Group restated a “buy” rating and set a $19.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Loop Capital restated a “hold” rating and set a $13.00 price objective (down from $14.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Credit Suisse Group lifted their target price on Advanced Micro Devices from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, TheStreet upgraded Advanced Micro Devices from a “d” rating to a “c-” rating in a research note on Tuesday, October 24th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.88.

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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.

Earnings History for Advanced Micro Devices (NASDAQ:AMD)

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