The price of Advanced Micro Devices Inc. (NASDAQ:AMD) shares last traded on Wall Street rose 1.36% to $148.64.
AMD stock price is now -17.14% away from the 50-day moving average and 9.30% away from the 200-day moving average. The market capitalization of the company currently stands at $240.22B.
With the price target enhanced from $185 to $200, TD Cowen maintained Buy rating for Advanced Micro Devices Inc. (NASDAQ: AMD). On April 16, 2024, HSBC Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $180 to quote $225, while ‘Evercore ISI’ 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 Apr 15 ’24. The stock was sold for $2,660,850 at an average price of $164.25. Upon completion of the transaction, the Chief Technology Officer & EVP now directly owns 1,554,602 shares in the company, valued at $231.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, Chief Technology Officer & EVP Papermaster Mark D sold 16,200 shares of the business’s stock. A total of $3,025,082 was realized by selling the stock at an average price of $186.73. This leaves the insider owning 1,554,602 shares of the company worth $231.08 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.
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.
