The price of Advanced Micro Devices Inc. (NASDAQ:AMD) shares last traded on Wall Street fell -0.17% to $139.75.
AMD stock price is now -14.34% away from the 50-day moving average and -9.01% away from the 200-day moving average. The market capitalization of the company currently stands at $225.88B.
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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 16,756 shares of the company’s stock on Jul 15 ’24. The stock was sold for $3,091,482 at an average price of $184.50. Upon completion of the transaction, the Chief Technology Officer & EVP now directly owns 1,546,227 shares in the company, valued at $216.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14 ’24, Chief Technology Officer & EVP Papermaster Mark D sold 16,200 shares of the business’s stock. A total of $2,574,853 was realized by selling the stock at an average price of $158.94. This leaves the insider owning 1,546,227 shares of the company worth $216.09 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 $223230771200, which is based on a 204.13 price-to-earnings ratio, a 6.16 price-to-earnings-growth ratio, and a beta of 1.69. The fifty day moving average price for AMD is $162.756 and a two-hundred day moving average price translates $153.73924 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.
