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OFFON

ADVANCED MICRO DEVICES, INC.

(AMD)
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Advanced Micro Devices Board Authorizes $4 Billion Share Buyback

05/19/2021 | 10:56am EDT

By Stephen Nakrosis

Advanced Micro Devices Inc. said Wednesday its board approved a new share repurchase program for up to $4 billion of stock.

The company said it expects to fund repurchases through cash generated from operations which have been strengthened by strong operational results.

"Our strong financial results and growing cash generation enable us to invest in the business and begin returning capital to our shareholders," said Dr. Lisa Su, president and chief executive.

AMD has a market capitalization of $90.45 billion, 1.22 billion shares outstanding and a public float of 1.21 billion shares.

At 12:34 p.m. ET, the company's stock had risen 3.16% to trade at $76.78 a share.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

05-19-21 1256ET

Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES, INC. -0.36% 91.82 Delayed Quote.0.48%
DJ INDUSTRIAL 0.24% 35144.31 Delayed Quote.14.56%
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Financials (USD)
Sales 2021 14 743 M - -
Net income 2021 2 363 M - -
Net cash 2021 4 109 M - -
P/E ratio 2021 48,8x
Yield 2021 -
Capitalization 112 B 112 B -
EV / Sales 2021 7,29x
EV / Sales 2022 6,20x
Nbr of Employees 12 600
Free-Float 99,0%
Chart ADVANCED MICRO DEVICES, INC.
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Advanced Micro Devices, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends ADVANCED MICRO DEVICES, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 42
Last Close Price 91,82 $
Average target price 104,20 $
Spread / Average Target 13,5%
EPS Revisions
Managers and Directors
Lisa T. Su President, CEO & Non-Independent Director
Devinder Kumar Chief Financial Officer, Treasurer & Executive VP
John Edward Caldwell Chairman
Mark D. Papermaster CTO, Executive VP-Technology & Engineering
Keivan Keshvari Senior Vice President-Global Operations
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