Advanced Micro Devices Inc. (NASDAQ:AMD) shares traded -0.98% lower at $179.83 on Wall Street last session.
AMD stock price is now 10.82% away from the 50-day moving average and 19.15% away from the 200-day moving average. The market capitalization of the company currently stands at $290.66B.
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With the price target enhanced from $200 to $210, TD Cowen maintained Buy rating for Advanced Micro Devices Inc. (NASDAQ: AMD). On June 10, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $176, while ‘Jefferies’ 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 Jun 14 ’24. The stock was sold for $2,574,853 at an average price of $158.94. Upon completion of the transaction, the Chief Technology Officer & EVP now directly owns 1,546,227 shares in the company, valued at $278.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10 ’24, EVP, CFO and Treasurer Hu Jean X. sold 20,000 shares of the business’s stock. A total of $3,227,953 was realized by selling the stock at an average price of $161.40. This leaves the insider owning 39,506 shares of the company worth $7.1 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 $290501754880, which is based on a 262.68 price-to-earnings ratio, a 7.92 price-to-earnings-growth ratio, and a beta of 1.69. The fifty day moving average price for AMD is $162.2728 and a two-hundred day moving average price translates $150.92145 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.
