You would have to go all the way back to November of 2013 to find the last time AMD shares traded below $2. Analysts are expecting earnings of 50 cents per share for Intel, down 9% from last year’s earnings of 55 cents per share. (NASDAQ:AMD) has a consensus rating of 3.02.
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Personal computers sales, an important profit-producing business for chip company Advanced Micro Devices (AMD – Get Report), are on the decline. The high-yield debt issue has a 7.75% coupon and will mature on August 1, 2020. Investors will be eagerly eyeing the number the company reports compared to the earnings per share that brokers are predicting.
Advanced Micro Devices, Inc. has lost 20.65% in the last five trading days and dropped 15.52% in the last 4 weeks. Analysts at Ascendiant Capital Markets reiterated a “hold” rating on shares of Advanced Micro Devices in a research note on Thursday, July 9th.
In other words, not only is Advanced Micro Devices’ business broken, so is the stock. Analysts at FBR & Co. upgraded shares of Advanced Micro Devices to a “hold” rating in a research note on Wednesday, July 8th. The 12-month consensus target price for the stock is $2.45, which reflects an upside potential of 25.00% over the current price. In September 2013, Advanced Micro Devices Inc announced that its Singapore subsidiary, Advanced Micro Devices (Singapore) Pte Ltd. completed a transaction to sell and lease-back its Singapore facility located at 508 Chai Chee Lane, Singapore 469032 to HSBC Institutional Trust Services (Singapore) Limited. Advanced Micro Devices’s stock is down -46.88% in the past 200 days.
Ahead AMD’s second-quarter earnings results, due out Thursday after the close, things have gotten worse. After the session commenced at $2, the stock reached the higher end at $2.03 while it hit a low of $1.95. The company has a market cap of $1,525 million and there are 778,060,000 shares in outstanding.
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Revenues for the quarter were down 35 percent at $942 million compared with $1.44 billion in the prior year. The company’s revenue for the quarter was down 26.3% on a year-over-year basis. The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and worldwide markets.
