Advanced Micro Devices, Inc. (NASDAQ:AMD) – Jefferies Financial Group reduced their Q4 2018 earnings estimates for shares of Advanced Micro Devices in a research report issued to clients and investors on Thursday, October 25th. Jefferies Financial Group analyst M. Lipacis now forecasts that the semiconductor manufacturer will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.09. Jefferies Financial Group currently has a “Buy” rating and a $36.00 target price on the stock. Jefferies Financial Group also issued estimates for Advanced Micro Devices’ Q2 2019 earnings at $0.10 EPS.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Advanced Micro Devices had a return on equity of 47.21% and a net margin of 5.51%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the business posted $0.10 EPS. Advanced Micro Devices’s revenue for the quarter was up 4.4% on a year-over-year basis.

Several other research analysts have also issued reports on AMD. BMO Capital Markets lowered their target price on Advanced Micro Devices from $20.00 to $18.00 and set a “market perform” rating for the company in a research report on Thursday. Robert W. Baird lowered their target price on Advanced Micro Devices from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday. JPMorgan Chase & Co. raised their target price on Advanced Micro Devices to $18.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank of Canada lowered their target price on Advanced Micro Devices to $34.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $23.80.

NASDAQ AMD opened at $17.63 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.26 and a current ratio of 1.76. Advanced Micro Devices has a twelve month low of $9.04 and a twelve month high of $34.14. The firm has a market cap of $17.19 billion, a P/E ratio of 220.38, a PEG ratio of 3.31 and a beta of 3.11.

In other news, SVP James Robert Anderson sold 22,687 shares of Advanced Micro Devices stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $19.14, for a total value of $434,229.18. Following the completion of the transaction, the senior vice president now directly owns 355,577 shares of the company’s stock, valued at approximately $6,805,743.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark D. Papermaster sold 20,066 shares of Advanced Micro Devices stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $19.14, for a total value of $384,063.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,740,400 shares of company stock valued at $59,709,371. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. increased its position in Advanced Micro Devices by 29.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 104,291 shares of the semiconductor manufacturer’s stock valued at $3,222,000 after buying an additional 23,428 shares in the last quarter. K.J. Harrison & Partners Inc bought a new stake in Advanced Micro Devices in the 3rd quarter valued at about $618,000. State Treasurer State of Michigan increased its position in Advanced Micro Devices by 81.3% in the 3rd quarter. State Treasurer State of Michigan now owns 2,255,600 shares of the semiconductor manufacturer’s stock valued at $69,675,000 after buying an additional 1,011,700 shares in the last quarter. W.E. Donoghue & Co. LLC acquired a new position in Advanced Micro Devices during the 3rd quarter valued at about $2,481,000. Finally, Silicon Valley Capital Partners acquired a new position in Advanced Micro Devices during the 3rd quarter valued at about $252,000. 66.15% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Earnings History and Estimates for Advanced Micro Devices (NASDAQ:AMD)

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