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) posted its quarterly earnings data on Tuesday, July, 25th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The business's revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. View Advanced Micro Devices' Earnings History.

Advanced Micro Devices is scheduled to release their next quarterly earnings announcement on Wednesday, October, 18th 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 guidance of profitable for the period, compared to the Thomson Reuters consensus 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 equities research analysts have issued twelve-month target prices for Advanced Micro Devices' shares. Their predictions range from $8.00 to $22.00. On average, they anticipate Advanced Micro Devices' stock price to reach $14.41 in the next twelve months. 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 going down 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. Additionally, increasing competition from the likes of NVDIA remains a concern. We note that AMD has underperformed the Zacks Electronics Semiconductor market on a year-to-date basis." (7/24/2017)
• 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 increase in short interest in the month of July. As of July 14th, there was short interest totalling 150,134,324 shares, an increase of 3.5% from the June 30th total of 145,105,931 shares. Based on an average trading volume of 82,374,755 shares, the short-interest ratio is currently 1.8 days. Approximately 17.8% of the company's stock 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), Microsemi Corporation (MSCC), Semiconductor Manufacturing Int'l (SMI), Jabil Circuit (JBL), United Microelectronics Corporation (UMC), 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 number of of institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (0.36%), National Pension Service (0.09%), Chevy Chase Trust Holdings Inc. (0.07%), Great West Life Assurance Co. Can (0.06%), Gateway Investment Advisers LLC (0.05%) and Aperio Group LLC (0.03%). 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 Municipal Employees Retirement System of Michigan, Strs Ohio, Sumitomo Mitsui Asset Management Company LTD, Gateway Investment Advisers LLC, Exxonmobil Investment Management Inc. TX, Investors Asset Management of Georgia Inc. GA ADV, Meridian Wealth Management LLC 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 bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Mn Services Vermogensbeheer B.V., National Pension Service, Oregon Public Employees Retirement Fund, NGAM Advisors L.P., Oakbrook Investments LLC, Viking Fund Management LLC and Public Employees Retirement Association of Colorado. 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 $14.12.