In yesterday’s Wall Street session, Advanced Micro Devices Inc. (NASDAQ:AMD) shares traded at $190.65, down -0.21% from the previous session.
AMD stock price is now 8.78% away from the 50-day moving average and 47.26% away from the 200-day moving average. The market capitalization of the company currently stands at $308.05B.
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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, Su Lisa T, Chair, President & CEO sold 125,000 shares of the company’s stock on Mar 13 ’24. The stock was sold for $24,391,404 at an average price of $195.13. Upon completion of the transaction, the Chair, President & CEO now directly owns 3,222,230 shares in the company, valued at $614.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, SVP WOLIN HARRY A sold 32,789 shares of the business’s stock. A total of $6,961,433 was realized by selling the stock at an average price of $212.31. This leaves the insider owning 1,433,596 shares of the company worth $273.32 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 $305.99B, which is based on a 364.32 price-to-earnings ratio, a 14.59 price-to-earnings-growth ratio, and a beta of 1.65. The fifty day moving average price for AMD is $176.35 and a two-hundred day moving average price translates $129.82 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 $0.71, inline with analysts’ expectations of $0.71. 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 $4.98B in revenue.
