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Thursday, June 17, 2021

AMD Will Be Announcing A Quarterly Sales Sum Of $3.61 Billion

Quite a few analysts have already expected that the stocks of AMD will be putting up a sales sum of $3.61 billion for this quarter. According to a report, ten of the investment analysts have already provided estimates into the earnings of the company, with the lowest coming in at $3.58 billion, and the highest coming in at $3.65 billion. The sales sum reported by the company the previous year was $1.93 billion, which was quite an increase of about 87%. The company will be putting up its next quarterly report on the 27th of July. 

The Quarterly Estimates of AMD

AMD previously updated its quarterly sales on the 26th of April. The manufacturer of semiconductors reported an EPS of $0.52 for the quarter, which was more than the consensus estimate set at $0.44. The net margin for the company was 10.17%, with a 33.04% return on equity. The revenue generated by the company during this period was $3.45 billion, which was more than the consensus estimate of $3.20 billion.

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There have been quite a few companies that have commented on the stocks of AMD. Susquehanna Bancshares has increased the price target of the company from $115 to $125 with a rating of positive in a 28th April research report.

Rosenblatt Securities has also increased the price target of the company from $120 to $135 with a rating of buy in a 27th January research report. Summit Insights has also reduced the rating of the company from buy to hold in a 28th April research report. Barclays has also increased the price target of the company from $115 to $120 with a rating of overweight in a 27th January research report. 

Three of the investment analysts covering the company have given it a rating of sell, while eight of them have provided it with a rating of hold. Close to twenty other investment analysts have issued the company a rating of buy. Currently, AMD has a buy rating with a $96.63 price target.

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