Advanced Micro Devices (AMD) to Release Quarterly Earnings on Tuesday

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Advanced Micro Devices has set its Q2 2024 guidance at EPS.Parties interested in participating in the company's conference call can do so using this link.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm had revenue of $5.47 billion for the quarter, compared to analysts' expectations of $5.48 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts expect Advanced Micro Devices to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Advanced Micro Devices Trading Down 1.2 %

Advanced Micro Devices stock traded down $1.87 during midday trading on Tuesday, reaching $154.00. The stock had a trading volume of 31,688,217 shares, compared to its average volume of 63,802,164. Advanced Micro Devices has a twelve month low of $93.11 and a twelve month high of $227.30. The stock has a market capitalization of $248.91 billion, a PE ratio of 226.47, a price-to-earnings-growth ratio of 1.75 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The stock's 50-day simple moving average is $164.38 and its 200 day simple moving average is $168.42.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company's stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company's stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company's stock, valued at $245,757,319.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Papermaster sold 16,756 shares of the business's stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMD has been the topic of a number of research analyst reports. Truist Financial reduced their target price on Advanced Micro Devices from $174.00 to $162.00 and set a "hold" rating on the stock in a report on Wednesday, May 1st. StockNews.com raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Thursday, July 18th. Piper Sandler reissued an "overweight" rating and issued a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Mizuho cut their price objective on Advanced Micro Devices from $235.00 to $215.00 and set a "buy" rating on the stock in a research report on Wednesday, May 1st. Finally, HSBC raised Advanced Micro Devices from a "hold" rating to a "buy" rating and raised their price objective for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $194.97.

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.