Advanced Micro Devices (NASDAQ:AMD) Announces Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Advanced Micro Devices (NASDAQ:AMD) announced its quarterly earnings data on Tuesday. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.19), Zacks reports. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%.

Advanced Micro Devices Stock Up 4.6 %

Advanced Micro Devices stock traded up $5.23 during mid-day trading on Tuesday, hitting $119.50. The company had a trading volume of 56,670,752 shares, compared to its average volume of 39,318,164. The stock’s 50 day moving average price is $125.38 and its two-hundred day moving average price is $140.81. 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 company has a market capitalization of $193.93 billion, a PE ratio of 107.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. Advanced Micro Devices has a 12 month low of $112.80 and a 12 month high of $227.30.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.65% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMD has been the subject of several recent research reports. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Evercore ISI lifted their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Melius Research reaffirmed a “hold” rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price objective for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Finally, UBS Group lowered their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.35.

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.