Advanced Micro Devices (AMD) Projected to Post Earnings on Tuesday

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.07 per share and revenue of $7.53 billion for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company's revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 EPS. On average, analysts expect Advanced Micro Devices to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Advanced Micro Devices Trading Down 2.6 %

Shares of NASDAQ:AMD traded down $3.04 during trading on Friday, reaching $115.82. The stock had a trading volume of 31,845,068 shares, compared to its average volume of 38,442,660. Advanced Micro Devices has a 52 week low of $112.80 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The firm's fifty day moving average is $126.37 and its 200 day moving average is $141.93. The stock has a market cap of $187.95 billion, a price-to-earnings ratio of 104.44, a P/E/G ratio of 1.04 and a beta of 1.66.

Analyst Ratings Changes

AMD has been the subject of a number of recent analyst reports. HSBC reiterated a "reduce" rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Bank of America downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $180.00 to $155.00 in a report on Monday, December 9th. UBS Group dropped their price target on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Loop Capital initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a "buy" rating and a $175.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $171.04.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is owned by company insiders.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.