In yesterday’s Wall Street session, Advanced Micro Devices Inc. (NASDAQ:AMD) shares traded at $103.75, up 2.24% from the previous session.
As of this writing, 40 analysts cover Advanced Micro Devices Inc. (NASDAQ:AMD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $200.00 and a low of $77.00, we find $100.00. Given the previous closing price of $101.48, this indicates a potential downside of -1.46 percent. AMD stock price is now 12.75% away from the 50-day moving average and 31.02% away from the 200-day moving average. The market capitalization of the company currently stands at $170.30B.
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There are 13 analysts who have given it a hold rating, whereas 23 have given it a buy rating. Brokers who have rated the stock have averaged $102.09 as their price target over the next twelve months.
With the price target enhanced from $76 to $100, Craig Hallum Upgraded its rating from Hold to Buy for Advanced Micro Devices Inc. (NASDAQ: AMD). On May 03, 2023, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $98 to quote $95, while ‘Susquehanna’ rates the stock as ‘Positive’.
In other news, SMITH DARLA M, Chief Accounting Officer sold 3,873 shares of the company’s stock on May 15. The stock was sold for $375,151 at an average price of $96.86. Upon completion of the transaction, the Chief Accounting Officer now directly owns 7,553 shares in the company, valued at $0.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 05, Chief Technology Officer & EVP Papermaster Mark D sold 30,000 shares of the business’s stock. A total of $2,554,200 was realized by selling the stock at an average price of $85.14. This leaves the insider owning 1,516,945 shares of the company worth $157.38 million. Insiders disposed of 2,112,021 shares of company stock worth roughly $219.12 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AMD stock. A new stake in Advanced Micro Devices Inc. shares was purchased by JENNISON ASSOCIATES LLC during the first quarter worth $1,688,299,000. JERICHO CAPITAL ASSET MANAGEMENT L.P. invested $130,592,000 in shares of AMD during the first quarter. In the first quarter, THIRD POINT LLC acquired a new stake in Advanced Micro Devices Inc. valued at approximately $103,750,000. OPTIVER HOLDING B.V. acquired a new stake in AMD for approximately $74,765,000. EAM INVESTORS, LLC purchased a new stake in AMD valued at around $70,172,000 in the second quarter. In total, there are 2,445 active investors with 70.70% ownership of the company’s stock.
Wednesday morning saw Advanced Micro Devices Inc. (NASDAQ: AMD) opened at $101.79. During the past 12 months, Advanced Micro Devices Inc. has had a low of $54.57 and a high of $109.57. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.40, and a quick ratio of 1.70. According to the stock market information, the enterprise value for the company is $141.71B, which is based on a 430.50 price-to-earnings ratio, a 56.57 price-to-earnings-growth ratio, and a beta of 1.91. The fifty day moving average price for AMD is $92.45 and a two-hundred day moving average price translates $79.22 for the stock.
The latest earnings results from Advanced Micro Devices Inc. (NASDAQ: AMD) was released for Mar, 2023. According to the Semiconductors Company, earnings per share came in at $0.6, beating analysts’ expectations of $0.56 by 0.04. This compares to $0.56 EPS in the same period last year. The net profit margin was 1.70% and return on equity was 0.70% for AMD. The company reported revenue of $5.35 billion for the quarter, compared to $5.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.07 percent. For the current quarter, analysts expect AMD to generate $5.31B in revenue.
Advanced Micro Devices Inc.(AMD) Company Profile
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in four segments: Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products. It also provides processors under the AMD Ryzen, AMD Ryzen PRO, Ryzen Threadripper, Ryzen Threadripper PRO, AMD Athlon, AMD Athlon PRO, and AMD PRO A-Series brand names; graphics under the AMD Radeon graphics and AMD Embedded Radeon graphics; and professional graphics under the AMD Radeon Pro graphics brand name. In addition, the company offers data center graphics under the Radeon Instinct and Radeon PRO V-series brands, as well as servers under the AMD Instinct accelerators brand; server microprocessors under the AMD EPYC brands; embedded processor solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series brands; FPGA products under the Virtex-6, Virtex-7, Virtex UltraScale+, Kintex-7, Kintex UltraScale, Kintex UltraScale+, Artix-7, Artix UltraScale+, Spartan-6, and Spartan-7 brands; adaptive SOCs under the Zynq-7000, Zynq UltraScale+ MPSoC, Zynq UltraScale+ RFSoCs, Versal HBM, Versal Premium, Versal Prime, Versal AI Core, Versal AI Edge, Vitis, and Vivado brands; and compute and network acceleration board products under the Alveo brand. It serves original equipment and design manufacturers, public cloud service providers, system integrators, independent distributors, online and brick and mortar retailers, and add-in-board manufacturers through its direct sales force, independent distributors, and sales representatives. The company was incorporated in 1969 and is headquartered in Santa Clara, California.
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