Reasons why Advanced Micro Devices Inc.’s (NASDAQ:AMD) fundamentals are futile

In yesterday’s Wall Street session, Advanced Micro Devices Inc. (NASDAQ:AMD) shares traded at $116.79, down -1.52% from the previous session.

46 analysts cover Advanced Micro Devices Inc. (NASDAQ:AMD), according to research data. 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 $98.00, we find $130.00. Given the previous closing price of $118.59, this indicates a potential upside of 9.62 percent. AMD stock price is now 11.92% away from the 50-day moving average and 15.03% away from the 200-day moving average. The market capitalization of the company currently stands at $188.67B.

The stock has received a hold rating from 12 analysts and a buy rating from 30. Brokers who have rated the stock have averaged $132.07 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 Nov 07. The stock was sold for $8,498,871 at an average price of $113.32. Upon completion of the transaction, the Chair, President & CEO now directly owns 3,358,721 shares in the company, valued at $392.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07, EVP Strategic Partnerships GRASBY PAUL DARREN sold 13,000 shares of the business’s stock. A total of $1,474,720 was realized by selling the stock at an average price of $113.44. This leaves the insider owning 90,663 shares of the company worth $10.59 million. Insiders disposed of 2,126,065 shares of company stock worth roughly $248.3 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.

On Monday morning Advanced Micro Devices Inc. (NASDAQ: AMD) stock kicked off with the opening price of $118.34. During the past 12 months, Advanced Micro Devices Inc. has had a low of $60.05 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 2.19, and a quick ratio of 1.61. According to the stock market information, the enterprise value for the company is $188.66B, which is based on a 921.06 price-to-earnings ratio, a 93.94 price-to-earnings-growth ratio, and a beta of 1.67. The fifty day moving average price for AMD is $104.35 and a two-hundred day moving average price translates $101.53 for the stock.

The latest earnings results from Advanced Micro Devices Inc. (NASDAQ: AMD) was released for Sep, 2023. According to the Semiconductors Company, earnings per share came in at $0.7, beating analysts’ expectations of $0.68 by 0.02. This compares to $0.04 EPS in the same period last year. The net profit margin was 0.94% and return on equity was 0.38% for AMD. The company reported revenue of $5.8 billion for the quarter, compared to $5.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.22 percent. For the current quarter, analysts expect AMD to generate $6.12B 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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