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TheStreet Open House

Microsoft, Intel, AMD Among Big Tech Earnings Next Week

Stocks in this article: INTCMSFTAMDFLEXSNDKRVBD

AMD Chart AMD data by YCharts

Advanced Micro Devices (AMD)

Background: AMD operates as a semiconductor company worldwide. The company designs, develops, and sells microprocessor products. The company was founded in 1969 and is headquartered in Sunnyvale, Calif. AMD trades an average of 23 million shares per day with a market cap of $2 billion.

52-Week Range: $3.09 to $8.35

Book Value: $1.58

Price To Book: 2.06

Investors aren't expecting an improvement in earnings. Analysts forecast per share results below last year in the same quarter. The third-quarter earnings release is planned after the market closes on Thursday.

The consensus estimate is currently 1 cent a share, a drop of 14 cents (93.3%) from 15 cents during the equivalent quarter last year. Analysts are estimating as low as a loss of 3 cents per share all the way up to earnings of 5 cents per share.

Most of the analysts, 20 out of 39, are giving this company a hold rating. Seven recommend this as a buy and six recommend selling.

Four out of the 39 analysts now rate AMD a strong buy, down from six analysts a month ago. Compared to three months ago, fewer analysts are rating this company as a strong buy. Shareholders have not been rewarded for their patience. Shares have fallen 32.6% in the last year, and the average analyst target price for AMD is $4.65.

Short interest with AMD is remarkably high. More than one in five shares is short. Shorts are the smart money, but when they pile on this hard it can backfire, too. The proportion of the float short is 23.8%. Highly shorted, low-priced stocks make for thrilling short squeezes. AMD Revenue Quarterly Chart AMD Revenue Quarterly data by YCharts

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