The price of Advanced Micro Devices Inc. (NASDAQ:AMD) shares last traded on Wall Street fell -1.77% to $100.01.
Based on available information, 46 analysts follow 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 $95.00, we find $145.00. Given the previous closing price of $101.81, this indicates a potential upside of 42.42 percent. AMD stock price is now -4.43% away from the 50-day moving average and 1.14% away from the 200-day moving average. The market capitalization of the company currently stands at $161.58B.
Among analysts, 12 rate the stock a hold while 29 rate it a buy. Brokers who have rated the stock have averaged $141.09 as their price target over the next twelve months.
With the price target enhanced from $120 to $136, Citigroup Upgraded its rating from Neutral to Buy for Advanced Micro Devices Inc. (NASDAQ: AMD).
In other news, Su Lisa T, Chair, President & CEO sold 75,000 shares of the company’s stock on Sep 12. The stock was sold for $7,904,861 at an average price of $105.40. Upon completion of the transaction, the Chair, President & CEO now directly owns 3,358,721 shares in the company, valued at $335.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30, EVP Strategic Partnerships GRASBY PAUL DARREN sold 14,942 shares of the business’s stock. A total of $1,586,990 was realized by selling the stock at an average price of $106.21. This leaves the insider owning 103,663 shares of the company worth $10.37 million. Insiders disposed of 2,126,065 shares of company stock worth roughly $212.63 million over the past 1 year. A total of 0.98% 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 WINSLOW CAPITAL MANAGEMENT, LLC during the first quarter worth $298,984,000. APPALOOSA LP invested $231,023,000 in shares of AMD during the first quarter. In the first quarter, CLEAR STREET LLC acquired a new stake in Advanced Micro Devices Inc. valued at approximately $185,829,000. BSN CAPITAL PARTNERS LTD acquired a new stake in AMD for approximately $150,015,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in AMD valued at around $145,547,000 in the second quarter. In total, there are 2,617 active investors with 71.63% ownership of the company’s stock.
A candlestick chart of Advanced Micro Devices Inc. (NASDAQ: AMD) showed a price of $100.81 on Monday morning. During the past 12 months, Advanced Micro Devices Inc. has had a low of $55.71 and a high of $132.83. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 2.18, and a quick ratio of 1.58. The fifty day moving average price for AMD is $104.49 and a two-hundred day moving average price translates $99.08 for the stock.
The latest earnings results from Advanced Micro Devices Inc. (NASDAQ: AMD) was released for Jun, 2023. According to the Semiconductors Company, earnings per share came in at $0.58, beating analysts’ expectations of $0.57 by 0.01. This compares to $0.27 EPS in the same period last year. The net profit margin was -0.11% and return on equity was -0.05% for AMD. The company reported revenue of $5.36 billion for the quarter, compared to $6.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.18 percent. For the current quarter, analysts expect AMD to generate $5.37B 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.
