Advanced Micro Devices (NYSE: ATI) recently announced its Q4 2016 financial results, topping expectations with an EPS of $0.53 compared to the expected EPS of $0.52. The company’s revenue for the quarter was also up and reached $1.01 billion as compared to the consensus estimate of $1.01 billion, marking a significant improvement from last year’s revenue for the same period.
The return on equity for Advanced Micro Devices Inc was a robust 30.4%, while a net margin showed great promise at 3.41%. These positive figures are very encouraging to investors, who are optimistic about the future growth path of the company.
Investing in Advanced Micro Devices is becoming more popular among institutional investors, hedge funds and other major players in the market, which is boosting confidence levels.
It is worth noting that Norges Bank acquired a new position in shares of ATI during Q4 2020 valued at $50,336,000, and State Street lifted its holdings by approximately 14.8% during Q1 2021. These investments will give Advanced Micro Devices extra stability and scalability as they grow their business beyond the borders of North America.
Assenagon Asset Management S.A., Invesco Ltd., and Allspring Global Investments Holdings LLC have also recently made significant acquisitions totaling nearly $347 million dollars, proving once again their trust in this growing company.
Despite recent fluctuations in ATI stock prices due to external factors such as COVID-19 pandemic disruptions affecting global economies worldwide, many experts believe that investing in Advanced Micro Devices could be a safe bet for long-term gains due to its strong fundamentals and promising market positioning within technology sectors including computing hardware and IoT connectivity applications.
Overall with a current ratio of 2.57 and a quick ratio at 1.33 along with their one year high reaching $43.32 per share make it clear Advanced Micro Devices is poised to grow and make strides in the modern technology industry.
Seaport Res Ptn Analyst Provides Revised Q1 2023 Earnings Estimate for ATI Inc. (NYSE:ATI)
ATI Inc. (NYSE:ATI), a basic materials company, has recently received revised Q1 2023 earnings per share (EPS) estimates from Seaport Res Ptn analyst R. Safran. In a note issued to investors on Thursday, April 13th, Safran predicted the company would post EPS of $0.47 for the quarter, down from his previous forecast of $0.49. Despite this estimation reduction, Seaport Res Ptn has given ATI a “Buy” rating on the stock.
Furthermore, Seaport Res Ptn has also provided estimations for ATI’s earnings in upcoming quarters – predicting that Q2 2023 will see $0.52 EPS, Q1 2024 will see $0.62 EPS, Q2 2024 will see $0.67 EPS, and both Q3 and Q4 of 2024 will yield earnings at $0.73 and $0.80 EPS respectively.
This news follows recent statements from other equities research analysts regarding ATI’s performance in the market. Cowen raised their price objective on shares from $37 to $45 and gave them an “outperform” rating in February 2017; whilst KeyCorp anticipated YoY growth by raising its price objective from $45 to $47 with an “overweight” rating in March this year.
StockNews.com initiated coverage on shares of ATI in March issuing a “hold” rating on the stock whilst Benchmark lifted their price target on shares from $37 to $47 and giving them a “buy” rating back in February earlier this year.
However, one research analyst has given the stock only a “hold” rating – showing some scepticism amongst industry experts as to how well ATI Inc.’s shares will perform over time.
Moving focus slightly onto insider trading within ATI; Elliot S.Davis sold almost 10k shares of the company’s stock in a transaction on Wednesday, February 8th – taking home over $375k for the shares that were sold at an average price of $39.07. Despite this, Davis still possesses nearly 152k shares of ATI Inc.’s stock, valued at almost $6 million.
Corporate insiders currently own 0.82% of the entire company’s stock – again placing emphasis on some possible queries regarding future performance and faith from those within the organisation. Regardless of concerns amongst investors and analysts alike, ATI remains relatively stable with an average rating of “Moderate Buy” and a consensus price target of around $43 according to Bloomberg.com – demonstrating faith in their performance despite scepticism surrounding them.
