Trading Report: The Advanced Micro Devices Inc. (AMD) Scheduled to Post Quarterly Earnings on Thursday

The Advanced Micro Devices Inc. (AMD) Scheduled to Post Quarterly Earnings on Thursday

Advanced Micro Devices Inc. (NASDAQ:AMD) will issue its Q316 quarterly earnings data on Thursday, October 20th. Parties that are interested in registering for the company’s conference call can do so using this link.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $951.89 million. On average, analysts expect Advanced Micro Devices to post $-0.19 EPS for the current fiscal year and $-0.01 EPS for the next fiscal year.

Advanced Micro Devices Inc. (NASDAQ:AMD) opened at 6.67 on Tuesday. Advanced Micro Devices Inc. has a 52-week low of $1.75 and a 52-week high of $8.00. The firm’s market cap is $5.31 billion. The firm’s 50 day moving average price is $6.64 and its 200 day moving average price is $5.26.

Several equities research analysts recently commented on AMD shares. Vetr raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $5.12 target price for the company in a research note on Monday, June 27th. Wells Fargo & Co. reaffirmed a “buy” rating and set a $6.00 target price (up previously from $5.25) on shares of Advanced Micro Devices in a research note on Thursday, June 30th. Sanford C. Bernstein cut Advanced Micro Devices from a “market perform” rating to an “underperform” rating and set a $3.00 target price for the company. in a research note on Friday, July 8th. BMO Capital Markets reaffirmed a “hold” rating on shares of Advanced Micro Devices in a research note on Sunday, July 10th. Finally, MKM Partners raised their target price on Advanced Micro Devices from $5.00 to $6.30 and gave the stock a “buy” rating in a research note on Tuesday, July 19th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $5.65.

Several institutional investors have recently made changes to their positions in AMD. ProShare Advisors LLC boosted its position in shares of Advanced Micro Devices by 1.3% in the second quarter. ProShare Advisors LLC now owns 179,034 shares of the semiconductor manufacturer’s stock valued at $920,000 after buying an additional 2,331 shares during the period. Profund Advisors LLC boosted its position in shares of Advanced Micro Devices by 6.6% in the second quarter. Profund Advisors LLC now owns 128,275 shares of the semiconductor manufacturer’s stock valued at $659,000 after buying an additional 7,944 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Advanced Micro Devices by 6.4% in the second quarter. Ameritas Investment Partners Inc. now owns 152,727 shares of the semiconductor manufacturer’s stock valued at $785,000 after buying an additional 9,134 shares during the period. Thrivent Financial for Lutherans raised its stake in Advanced Micro Devices by 12.6% in the second quarter. Thrivent Financial for Lutherans now owns 92,770 shares of the semiconductor manufacturer’s stock valued at $477,000 after buying an additional 10,390 shares in the last quarter. Finally, Comerica Bank raised its stake in Advanced Micro Devices by 2.6% in the second quarter. Comerica Bank now owns 440,888 shares of the semiconductor manufacturer’s stock valued at $2,910,000 after buying an additional 11,334 shares in the last quarter. Institutional investors own 41.43% of the company’s stock.

Advanced Micro Devices Company Profile

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