Looking To Buy Advanced Micro Devices Inc. (AMD)? Read This First

Advanced Micro Devices Inc. (NASDAQ:AMD) saw a downside of -1.31% to close Friday at $105.06 after subtracting -$1.39 on the day. The 5-day average trading volume is 36,926,801 shares of the company’s common stock. It has gained $107.95 in the past week. An average of 41,780,500 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 64,346,590.

AMD’s 1-month performance is -1.03% or -$1.11 on its low of $99.51 reached on 09/20/21. The company’s shares have touched a 52-week low of $72.50 and high of $122.49, with the stock’s rally to the 52-week high happening on 08/04/21. YTD, AMD has achieved 14.56% or $13.35. However, the current price is down -14.23%% from the 52-week high price.


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Insider Transactions

On Oct 01, 10 days have gone by since the last insider trading activity for Advanced Micro Devices Inc. (AMD). CALDWELL JOHN EDWARD (Director) most recently sold 35,000 shares at $102.65 per share on Oct 01. This transaction cost the insider $3,592,750. Chief Technology Officer & EVP, Papermaster Mark D, sold 55,000 shares at a price of $105.15 on Sep 15. Then, on Sep 14, President & CEO Su Lisa T sold 125,000 shares at a price of $105.72 per share. This transaction amounted to $13,214,589.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 343.50 and a low of 30.68. AMD stock has a beta of 2.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.68 while the price-to-book (PB) in the most recent quarter is 18.08, with the price to cash flow ratio at 52.38.

Advanced Micro Devices Inc.’s quick ratio for the period ended June 29 was 2.10, with the current ratio over the same period at 2.70 meaning that AMD stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.04, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 45.70%. The trailing 12-month EBITDA margin is 17.65% while for the period ending June 29; Advanced Micro Devices Inc.’s operating margin was 18.30%. The firm’s gross profit as reported stood at $4.35 billion against revenue of $9.76 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Advanced Micro Devices Inc.’s cash and short-term investments amounted to $1.17 billion against total debt of $657.0 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 49.82% to $3.85 billion, while revenue of $3.44 billion was 10.52% off the previous quarter. Analysts expected AMD to announce $0.54 per share in earnings in its latest quarter, but it posted $0.63, representing a 16.70% surprise. EBITDA for the quarter stood at more than $942.0 million. AMD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.63 billion, with total debt at $657.0 million. Shareholders hold equity totaling $1.21 billion

Technical Picture

Let’s look briefly at Advanced Micro Devices Inc. (AMD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 53.22% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.76%.

The stock’s 5-day moving average is $103.46, reflecting a +2.55% or $2.61 change from its current price. AMD is currently trading -0.13% above its 20-day SMA, +41.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +2.05% and +12.77% respectively.

Stochastic %K and %D was 61.60% and 46.20% and the average true range (ATR) pointed at 3.18. The RSI (14) points at 51.54%, while the 14-day stochastic is at 60.83% with the period’s ATR at 3.21. The stock’s 9-day MACD Oscillator is pointing at 2.33 and 1.35 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Advanced Micro Devices Inc. (NASDAQ: AMD), BMO Capital Markets upgraded it to a Market perform rating. They previously had an Underperform rating on the stock. Analysts offering their rating for AMD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AMD as a “sell,”, while 16 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 18 have offered a “buy” rating.

What is AMD’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $77.00 and a high of $172.00, with their median price target at $115.00. Looking at these predictions, the average price target given by analysts is for Advanced Micro Devices Inc. (AMD) stock is $116.61.

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