Equities Analysts Offer Predictions for Advanced Micro Devices, Inc.’s Q1 2021 Earnings (NASDAQ:AMD)

Equities Analysts Offer Predictions for Advanced Micro Devices, Inc.’s Q1 2021 Earnings (NASDAQ:AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Equities researchers at Piper Sandler issued their Q1 2021 EPS estimates for shares of Advanced Micro Devices in a research report issued on Wednesday, January 29th. Piper Sandler analyst H. Kumar anticipates that the semiconductor manufacturer will earn $0.25 per share for the quarter. Piper Sandler also issued estimates for Advanced Micro Devices’ Q2 2021 earnings at $0.31 EPS, Q3 2021 earnings at $0.35 EPS, Q4 2021 earnings at $0.38 EPS and FY2021 earnings at $1.30 EPS.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 28th. The semiconductor manufacturer reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.11 billion. Advanced Micro Devices had a return on equity of 26.22% and a net margin of 5.07%. The business’s revenue for the quarter was up 49.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share.

A number of other research firms have also commented on AMD. Cowen increased their price objective on Advanced Micro Devices from $47.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Bank of America raised their price target on Advanced Micro Devices from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Zacks Investment Research raised Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $53.00 price target on the stock in a research note on Friday, January 3rd. Summit Redstone raised Advanced Micro Devices to a “buy” rating in a research note on Wednesday, January 29th. Finally, TheStreet raised Advanced Micro Devices from a “c+” rating to a “b-” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Advanced Micro Devices currently has a consensus rating of “Hold” and an average target price of $43.79.

AMD opened at $49.45 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.95 and a debt-to-equity ratio of 0.17. The firm has a market cap of $53.48 billion, a P/E ratio of 164.84, a PEG ratio of 2.10 and a beta of 3.12. Advanced Micro Devices has a 52 week low of $21.03 and a 52 week high of $52.81. The business’s fifty day simple moving average is $47.86 and its 200 day simple moving average is $36.94.

Several institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC raised its holdings in shares of Advanced Micro Devices by 226.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 5,444 shares of the semiconductor manufacturer’s stock valued at $165,000 after buying an additional 3,775 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Advanced Micro Devices by 24.6% during the 2nd quarter. Mackenzie Financial Corp now owns 127,311 shares of the semiconductor manufacturer’s stock valued at $3,866,000 after buying an additional 25,172 shares during the period. Atria Investments LLC raised its holdings in shares of Advanced Micro Devices by 8.8% during the 2nd quarter. Atria Investments LLC now owns 28,947 shares of the semiconductor manufacturer’s stock valued at $888,000 after buying an additional 2,352 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Advanced Micro Devices by 5.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 196,362 shares of the semiconductor manufacturer’s stock valued at $5,964,000 after buying an additional 9,443 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in shares of Advanced Micro Devices by 79.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 274,203 shares of the semiconductor manufacturer’s stock valued at $7,949,000 after buying an additional 121,563 shares during the period. Institutional investors own 70.53% of the company’s stock.

In other news, SVP Harry A. Wolin sold 57,325 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.19, for a total value of $2,303,891.75. Following the transaction, the senior vice president now directly owns 1,498,008 shares in the company, valued at approximately $60,204,941.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Forrest Eugene Norrod sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $51.41, for a total value of $3,855,750.00. Following the completion of the transaction, the senior vice president now owns 902,100 shares in the company, valued at $46,376,961. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 371,656 shares of company stock worth $15,382,733. Company insiders own 1.50% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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