In yesterday’s Wall Street session, Advanced Micro Devices Inc. (NASDAQ:AMD) shares traded at $163.55, down -2.01% from the previous session.
AMD stock price is now 0.33% away from the 50-day moving average and 14.80% away from the 200-day moving average. The market capitalization of the company currently stands at $264.35B.
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With the price target of $190, Jefferies recently initiated with Buy rating for Advanced Micro Devices Inc. (NASDAQ: AMD). On May 07, 2024, DZ Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $190, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Papermaster Mark D, Chief Technology Officer & EVP sold 16,200 shares of the company’s stock on May 15 ’24. The stock was sold for $2,528,960 at an average price of $156.11. Upon completion of the transaction, the Chief Technology Officer & EVP now directly owns 1,554,602 shares in the company, valued at $254.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08 ’24, Chair, President & CEO Su Lisa T sold 125,000 shares of the business’s stock. A total of $19,211,255 was realized by selling the stock at an average price of $153.69. This leaves the insider owning 3,097,230 shares of the company worth $506.55 million. A total of 0.56% of the company’s stock is owned by insiders.
During the past 12 months, Advanced Micro Devices Inc. has had a low of $93.11 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 2.64, and a quick ratio of 1.92. According to the stock market information, the enterprise value for the company is $266725785600, which is based on a 238.90 price-to-earnings ratio, a 7.20 price-to-earnings-growth ratio, and a beta of 1.69. The fifty day moving average price for AMD is $162.714 and a two-hundred day moving average price translates $142.7415 for the stock.
The latest earnings results from Advanced Micro Devices Inc. (NASDAQ: AMD) was released for 2024-03-30. The net profit margin was 4.89% and return on equity was 2.01% for AMD. The company reported revenue of $5.47 billion for the quarter, compared to $5.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.24 percent.
