Advanced Micro Devices Inc. (NASDAQ:AMD) shares traded 1.78% higher at $160.20 on Wall Street last session.
AMD stock price is now -9.69% away from the 50-day moving average and 16.95% away from the 200-day moving average. The market capitalization of the company currently stands at $258.91B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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 $249.05 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 $249.05 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.
