Advanced Micro Devices (NASDAQ:AMD) Releases FY 2021 Earnings Guidance


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Advanced Micro Devices (NASDAQ:AMD) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $14.64 billion-$14.64 billion, compared to the consensus revenue estimate of $13.57 billion.

A number of brokerages have recently issued reports on AMD. Barclays increased their target price on Advanced Micro Devices from $115.00 to $120.00 and gave the company an overweight rating in a research report on Wednesday, January 27th. Craig Hallum increased their target price on Advanced Micro Devices from $100.00 to $120.00 and gave the company a buy rating in a research report on Wednesday, January 27th. Royal Bank of Canada increased their price objective on Advanced Micro Devices from $100.00 to $105.00 and gave the company an outperform rating in a research note on Monday, January 25th. Wedbush increased their price objective on Advanced Micro Devices from $100.00 to $110.00 and gave the company an outperform rating in a research note on Tuesday, January 12th. Finally, JPMorgan Chase & Co. increased their price objective on Advanced Micro Devices from $86.00 to $100.00 and gave the company a neutral rating in a research note on Wednesday, January 27th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $96.63.

Shares of AMD opened at $78.55 on Tuesday. The stock has a 50-day simple moving average of $80.80 and a 200-day simple moving average of $85.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.74 and a current ratio of 2.28. The stock has a market capitalization of $95.44 billion, a PE ratio of 106.15, a PEG ratio of 1.14 and a beta of 2.29. Advanced Micro Devices has a 1 year low of $48.42 and a 1 year high of $99.23.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Monday, April 26th. The semiconductor manufacturer reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Advanced Micro Devices had a return on equity of 33.04% and a net margin of 10.17%. The business’s quarterly revenue was up 92.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. Analysts predict that Advanced Micro Devices will post 1.01 EPS for the current year.

In related news, EVP Mark D. Papermaster sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $80.54, for a total transaction of $4,429,700.00. Following the completion of the sale, the executive vice president now owns 1,264,795 shares in the company, valued at $101,866,589.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Forrest Eugene Norrod sold 79,183 shares of the business’s stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $84.23, for a total value of $6,669,584.09. Following the sale, the senior vice president now owns 329,141 shares of the company’s stock, valued at approximately $27,723,546.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 217,683 shares of company stock valued at $18,123,494. 1.20% of the stock is owned by company insiders.

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, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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Earnings History and Estimates for Advanced Micro Devices (NASDAQ:AMD)

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