In yesterday’s Wall Street session, Advanced Micro Devices Inc. (NASDAQ:AMD) shares traded at $183.34, up 1.58% from the previous session.
AMD stock price is now 1.21% away from the 50-day moving average and 38.74% away from the 200-day moving average. The market capitalization of the company currently stands at $296.24B.
With the price target maintained at $200, DZ Bank recently Downgraded its rating from Buy to Hold for Advanced Micro Devices Inc. (NASDAQ: AMD). On January 31, 2024, Northland Capital Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $195, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Papermaster Mark D, Chief Technology Officer & EVP sold 16,200 shares of the company’s stock on Mar 15 ’24. The stock was sold for $3,025,082 at an average price of $186.73. Upon completion of the transaction, the Chief Technology Officer & EVP now directly owns 1,554,602 shares in the company, valued at $285.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, Chair, President & CEO Su Lisa T sold 125,000 shares of the business’s stock. A total of $24,391,404 was realized by selling the stock at an average price of $195.13. This leaves the insider owning 3,222,230 shares of the company worth $590.76 million. A total of 1.07% of the company’s stock is owned by insiders.
During the past 12 months, Advanced Micro Devices Inc. has had a low of $81.02 and a high of $227.30. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 2.51, and a quick ratio of 1.86. According to the stock market information, the enterprise value for the company is $288.93B, which is based on a 350.35 price-to-earnings ratio, a 14.03 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for AMD is $181.15 and a two-hundred day moving average price translates $132.14 for the stock.
The latest earnings results from Advanced Micro Devices Inc. (NASDAQ: AMD) was released for Dec, 2023. According to the Semiconductors Company, earnings per share came in at $0.77, inline with analysts’ expectations of $0.77. This compares to -$0.03 EPS in the same period last year. The net profit margin was 3.77% and return on equity was 1.54% for AMD. The company reported revenue of $6.17 billion for the quarter, compared to $5.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.16 percent. For the current quarter, analysts expect AMD to generate $5.43B in revenue.
