Advanced Micro Devices (AMD) Projected to Post Earnings on Tuesday

Advanced Micro Devices (NASDAQ:AMD) is expected 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 interested in listening to the company’s earnings conference call can do so using this link.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $115.95 on Monday. The company has a 50 day simple moving average of $125.92 and a 200-day simple moving average of $141.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm has a market capitalization of $188.16 billion, a price-to-earnings ratio of 104.46, a price-to-earnings-growth ratio of 1.04 and a beta of 1.66. Advanced Micro Devices has a 52-week low of $112.80 and a 52-week high of $227.30.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Piper Sandler restated an “overweight” rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price target for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. Finally, Susquehanna reduced their price objective on Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $169.77.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 in the last 90 days. Corporate insiders own 0.73% of the company’s stock.

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.