Advanced Micro Devices Company Profile (NASDAQ:AMD)

Advanced Micro Devices trades on the NASDAQ under the ticker symbol "AMD."

Advanced Micro Devices, Inc. (NASDAQ:AMD) released its quarterly earnings results on Monday, May, 1st. The company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.04) by $0.00. The business had revenue of $984 million for the quarter, compared to the consensus estimate of $984.40 million. Advanced Micro Devices had a negative net margin of 10.42% and a negative return on equity of 76.29%. The company's quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the firm earned ($0.12) earnings per share. View Advanced Micro Devices' Earnings History.

Advanced Micro Devices is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Advanced Micro Devices.

Advanced Micro Devices updated its FY17 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of profitable for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.06. The company issued revenue guidance of low double digit growth (consensus +11%), compared to the consensus revenue estimate of $4.75 billion.

27 analysts have issued 12-month target prices for Advanced Micro Devices' stock. Their predictions range from $6.00 to $20.00. On average, they expect Advanced Micro Devices' stock price to reach $13.03 in the next year. View Analyst Ratings for Advanced Micro Devices.

Here are some recent quotes from research analysts about Advanced Micro Devices stock:

• 1. According to Zacks Investment Research, "AMD is benefiting from strong graphics processor unit (GPU) sales. The company's improving position in key markets driven by the introduction of several APUs and GPUs is positive for the stock. We believe that increasing adoption of the company's products like Radeon and FirePro server GPUs will drive the top-line growth going forward. Moreover, the recently released Ryzen is expected to drive market share going ahead. Estimates have been stable lately ahead of the company's Q2 earnings release. The company has a mixed records of earnings surprises in the recent quarters. However, increased costs related to product introductions are likely to impact the company’s near-term profitability. We note that loss widened on a sequential basis in the quarter. Additionally, increasing competition from the likes of NVDIA remains a concern. We note that AMD has underperformed the broader market on a year-to-date basis." (7/4/2017)
• 2. Canaccord Genuity analysts commented, "We believe that management is actively integrating the past two of the recent five acquisitions: the Recommind and the Dell/EMC Enterprise Content Division (ECD) acquisition." (5/3/2017)
• 3. Jefferies Group LLC analysts commented, "We increase our sales estimates with better visibility into AMD's Ryzen 7 high-performance and Ryzen 5 power-performance desktop processor launch. We think AMD's ability to price between-the-seams while achieving competitive performance will result in meaningful share gains from INTC in the Desktop, Server, and Notebook markets starting in 2017. We raise our estimates and remain 700bps/17c ahead of sales/EPS consensus for 2017." (3/20/2017)
• 4. Wells Fargo & Company analysts commented, "We are impressed with AMD's steady progress in driving renewed revenue growth, strengthening its product positioning and improving its balance sheet. AMD reported December quarter sales that were to the better end of its original guidance range, with the midpoint of March quarter sales guidance (up 18% year/year) being above consensus and our own estimates. The company reaffirmed its schedules for important new processor and graphics families in 2017, including its Zen server processor and its Vega graphics family, both expected in the June 2017 quarter. The company managed to keep gross cash and equivalents roughly flat at more than $1.2 billion while reducing debt by nearly $200 million in the quarter. Our 2017 EPS estimate improves to ($0.09) from a prior ($0.18) and we are introducing our 2018 GAAP EPS estimate of $0.00. We are increasing our valuation range to $11.00 - $13.00 from $8.00 -$10.00, based on approximately 2.11x - 2.49x our 2018 revenue estimate. We are reiterating our Outperform rating on AMD." (2/1/2017)

Advanced Micro Devices saw a decrease in short interest during the month of June. As of June 30th, there was short interest totalling 145,105,931 shares, a decrease of 6.6% from the June 15th total of 155,439,662 shares. Based on an average trading volume of 109,204,322 shares, the days-to-cover ratio is currently 1.3 days. Currently, 17.2% of the company's shares are short sold.

Some companies that are related to Advanced Micro Devices include Microchip Technology Incorporated (MCHP), Xilinx (XLNX), STMicroelectronics N.V. (STM), Maxim Integrated Products (MXIM), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), Marvell Technology Group (MRVL), Arrow Electronics (ARW), Coherent (COHR), ON Semiconductor Corporation (ON), United Microelectronics Corporation (UMC), Microsemi Corporation (MSCC), Jabil Circuit (JBL), Semiconductor Manufacturing International Corporation (SMI), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY) and Cavium (CAVM).

Advanced Micro Devices' management team includes the folowing people:

• John Edward Caldwell, Chairman of the Board
• Devinder Kumar, Chief Financial Officer, Senior Vice President, Treasurer
• Mark D. Papermaster, Chief Technology Officer, Senior Vice President - Technology and Engineering
• Harry A. Wolin, Senior Vice President, General Counsel, Secretary
• James R. Anderson, Senior Vice President and General Manager - Computing and Graphics Business Group
• Forrest Eugene Norrod, Senior Vice President, General Manager, Enterprise, Embedded and Semi-Custom Business Group
• Lisa T. Su Ph.D., President, Chief Executive Officer, Director
• Ahmed Yahia, Director
• Nora M. Denzel, Independent Director
• Nicholas M. Donofrio, Independent Director

Advanced Micro Devices' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include National Pension Service (0.09%), Chevy Chase Trust Holdings Inc. (0.07%), Gateway Investment Advisers LLC (0.05%), Aperio Group LLC (0.03%), State Treasurer State of Michigan (0.03%) and Exxonmobil Investment Management Inc. TX (0.02%). Company insiders that own Advanced Micro Devices stock include Bruce L Claflin, Darla M Smith, Development Co Pjsc Mubadala, Devinder Kumar, Forrest Eugene Norrod, Harry A Wolin, James Robert Anderson, Lisa T Su and Mark D Papermaster. View Institutional Ownership Trends for Advanced Micro Devices.

Advanced Micro Devices' stock was sold by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Exxonmobil Investment Management Inc. TX and DnB Asset Management AS. Company insiders that have sold Advanced Micro Devices stock in the last year include Bruce L Claflin, Darla M Smith, Development Co Pjsc Mubadala, Devinder Kumar, Forrest Eugene Norrod, Harry A Wolin, James Robert Anderson, Lisa T Su and Mark D Papermaster. View Insider Buying and Selling for Advanced Micro Devices.

Advanced Micro Devices' stock was purchased by a variety of institutional investors in the last quarter, including Mn Services Vermogensbeheer B.V., National Pension Service, Oregon Public Employees Retirement Fund, Oakbrook Investments LLC, Viking Fund Management LLC, Quantitative Systematic Strategies LLC, Sit Investment Associates Inc. and Capstone Asset Management Co.. View Insider Buying and Selling for Advanced Micro Devices.

Shares of Advanced Micro Devices can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Advanced Micro Devices stock can currently be purchased for approximately $13.88.