Stocks of Advanced Micro Devices Inc (NASDAQ:AMD) traded higher last session on Wall Street, down -1.45% to $114.27.
AMD stock price is now -9.83% away from the 50-day moving average and -22.65% away from the 200-day moving average. The market capitalization of the company currently stands at $185.44B.
With the price target reduced from $160 to $129, Melius Downgraded its rating from Buy to Hold for Advanced Micro Devices Inc (NASDAQ: AMD). , while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, Su Lisa T, Chair, President & CEO sold 76,496 shares of the company’s stock on Dec 04 ’24. The stock was sold for $10,912,740 at an average price of $142.66. Upon completion of the transaction, the Chair, President & CEO now directly owns 3,566,762 shares in the company, valued at $407.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, Director LISA SU bought 76,496 shares of the business’s stock. A total of $10,860,902 was incurred on buying the stock at an average price of $141.98. A total of 0.59% of the company’s stock is owned by insiders.
During the past 12 months, Advanced Micro Devices Inc has had a low of $112.80 and a high of $227.30. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 2.50, and a quick ratio of 1.78. The fifty day moving average price for AMD is $127.2228 and a two-hundred day moving average price translates $147.9715 for the stock.
The latest earnings results from Advanced Micro Devices Inc (NASDAQ: AMD) was released for 2024-09-28. The net profit margin was 7.52% and return on equity was 3.26% for AMD. The company reported revenue of $6.82 billion for the quarter, compared to $5.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.57 percent. For the current quarter, analysts expect AMD to generate $7.53B in revenue.
