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

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Advanced Micro Devices to post earnings of $0.60 per share for the quarter. Advanced Micro Devices has set its Q1 2024 guidance at EPS.Individual interested in listening to the company's earnings conference call can do so using this link.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts' consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same period last year, the firm posted $0.54 EPS. Advanced Micro Devices's quarterly revenue was up 10.2% on a year-over-year basis. 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 Stock Performance

NASDAQ:AMD traded up $3.63 during midday trading on Tuesday, reaching $152.27. The stock had a trading volume of 45,968,803 shares, compared to its average volume of 73,946,445. The firm has a fifty day simple moving average of $178.79 and a two-hundred day simple moving average of $149.88. Advanced Micro Devices has a 12-month low of $81.02 and a 12-month high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The stock has a market cap of $246.09 billion, a P/E ratio of 292.83, a P/E/G ratio of 2.23 and a beta of 1.64.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company's stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company's stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares of the company's stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a research report on Monday, January 29th. Roth Mkm boosted their target price on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a "buy" rating in a research report on Wednesday, January 31st. Truist Financial boosted their target price on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a "hold" rating in a research report on Wednesday, January 31st. Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an "overweight" rating in a research report on Monday, January 29th. Finally, DZ Bank restated a "hold" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Four research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.59.

Advanced Micro Devices Company Profile

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.