Advanced Micro Devices (NASDAQ:AMD) Announces Quarterly Earnings Results
Advanced Micro Devices (NASDAQ:AMD) posted its quarterly earnings data on Tuesday. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08, RTT News reports. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business earned $0.14 EPS. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. Advanced Micro Devices updated its Q3 2019 guidance to EPS.
Shares of Advanced Micro Devices stock traded up $0.39 during trading hours on Tuesday, reaching $33.87. 56,502,668 shares of the company’s stock were exchanged, compared to its average volume of 73,626,828. The business’s 50 day moving average is $31.84. Advanced Micro Devices has a fifty-two week low of $16.03 and a fifty-two week high of $34.86. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. The firm has a market cap of $36.80 billion, a PE ratio of 96.77, a P/E/G ratio of 2.06 and a beta of 3.08.
Several research analysts have issued reports on AMD shares. Deutsche Bank set a €35.00 ($40.70) price objective on Siemens Healthineers and gave the stock a “neutral” rating in a report on Tuesday. UBS Group upped their price objective on Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Morgan Stanley set a $14.00 price objective on Secureworks and gave the stock a “hold” rating in a report on Thursday, June 6th. Zacks Investment Research downgraded Great Portland Estates from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, Craig Hallum upped their price objective on 1-800-Flowers.Com from $26.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.92.
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.
Read More: Trading Strategy Methods and Types
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.