In yesterday’s Wall Street session, Advanced Micro Devices Inc. (NASDAQ:AMD) shares traded at $138.15, up 2.83% from the previous session.
AMD stock price is now -8.81% away from the 50-day moving average and -12.91% away from the 200-day moving average. The market capitalization of the company currently stands at $223.59B.
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On August 19, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock and kept its target price maintained at $210, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Su Lisa T, Chair, President & CEO sold 80,000 shares of the company’s stock on Aug 20 ’24. The stock was sold for $12,595,575 at an average price of $157.44. Upon completion of the transaction, the Chair, President & CEO now directly owns 3,566,762 shares in the company, valued at $492.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20 ’24, Director LISA SU bought 80,000 shares of the business’s stock. A total of $12,422,400 was incurred on buying the stock at an average price of $155.28. A total of 0.59% 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 0.04, a current ratio of 2.82, and a quick ratio of 2.01. According to the stock market information, the enterprise value for the company is $220498264064, which is based on a 166.47 price-to-earnings ratio, a 5.06 price-to-earnings-growth ratio, and a beta of 1.71. The fifty day moving average price for AMD is $151.0728 and a two-hundred day moving average price translates $158.71565 for the stock.
The latest earnings results from Advanced Micro Devices Inc. (NASDAQ: AMD) was released for 2024-06-29. The net profit margin was 5.82% and return on equity was 2.42% for AMD. The company reported revenue of $5.83 billion for the quarter, compared to $5.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.88 percent.
