Advanced Micro Devices (AMD) Expected to Announce Quarterly Earnings on Tuesday

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Advanced Micro Devices to post earnings of $1.07 per share and revenue of $7.53 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Advanced Micro Devices Stock Performance

AMD traded down $2.91 on Friday, hitting $115.95. 40,446,851 shares of the stock traded hands, compared to its average volume of 35,441,836. Advanced Micro Devices has a 52 week low of $112.80 and a 52 week high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $188.16 billion, a PE ratio of 104.46, a P/E/G ratio of 1.04 and a beta of 1.66. The business has a fifty day moving average price of $125.92 and a two-hundred day moving average price of $141.24.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. HSBC restated a "reduce" rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Loop Capital initiated coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price objective on the stock. Wolfe Research lowered Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Monday, October 28th. Finally, TD Cowen lowered their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $169.77.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. This represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by corporate insiders.

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.