Wall Street brokerages predict that Advanced Micro Devices, Inc. (NASDAQ:AMD) will report earnings of $0.05 per share for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Advanced Micro Devices’ earnings, with estimates ranging from $0.04 to $0.07. Advanced Micro Devices posted earnings of ($0.01) per share in the same quarter last year, which suggests a positive year over year growth rate of 600%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, January 30th.

According to Zacks, analysts expect that Advanced Micro Devices will report full year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.17. For the next fiscal year, analysts expect that the business will report earnings of $0.34 per share, with EPS estimates ranging from $0.19 to $0.52. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Advanced Micro Devices.

A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Susquehanna Bancshares reduced their price target on shares of Advanced Micro Devices from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday. Jefferies Group reissued a “buy” rating and issued a $19.00 price target on shares of Advanced Micro Devices in a research note on Friday, November 10th. Loop Capital reissued a “hold” rating and issued a $13.00 price target (down from $14.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Finally, Macquarie upgraded shares of Advanced Micro Devices from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $10.29 to $10.47 in a report on Monday, December 18th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Advanced Micro Devices presently has a consensus rating of “Hold” and an average price target of $14.56.

In other Advanced Micro Devices news, SVP James Robert Anderson sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $10.00, for a total transaction of $750,000.00. Following the completion of the transaction, the senior vice president now owns 473,773 shares in the company, valued at approximately $4,737,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark D. Papermaster sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $10.51, for a total transaction of $210,200.00. Following the transaction, the senior vice president now owns 945,189 shares of the company’s stock, valued at approximately $9,933,936.39. The disclosure for this sale can be found here. Insiders have sold a total of 1,759,990 shares of company stock valued at $19,885,753 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. grew its holdings in Advanced Micro Devices by 1,655.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after acquiring an additional 8,243 shares in the last quarter. First Personal Financial Services acquired a new position in Advanced Micro Devices during the 3rd quarter worth approximately $127,000. 1492 Capital Management LLC acquired a new position in Advanced Micro Devices during the 3rd quarter worth approximately $128,000. Cetera Investment Advisers acquired a new position in Advanced Micro Devices during the 3rd quarter worth approximately $137,000. Finally, Ausdal Financial Partners Inc. acquired a new position in Advanced Micro Devices during the 3rd quarter worth approximately $139,000. Institutional investors own 60.09% of the company’s stock.

Advanced Micro Devices (NASDAQ AMD) traded up $0.12 during trading on Thursday, hitting $12.59. 45,638,452 shares of the stock were exchanged, compared to its average volume of 47,170,000. The stock has a market cap of $12,150.00, a P/E ratio of -157.38, a price-to-earnings-growth ratio of 6.56 and a beta of 2.47. Advanced Micro Devices has a twelve month low of $9.67 and a twelve month high of $15.65. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 2.61.

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Advanced Micro Devices Company Profile

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.

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