Is Wall Street High Or Low On Advanced Micro Devices Inc. (AMD)?

Advanced Micro Devices Inc. (NASDAQ:AMD) finished Wednesday with an addition of $4.12 to close at $109.16, an upside of 3.92 percent. An average of 38,624,438 shares of common stock have been traded in the last five days. There was a gain of $5.52 in the past week. The last 20 days have seen an average of 42,009,805 shares traded, while the 50-day average volume stands at 58,787,496.

AMD stock has increased by 3.24% in the last month. The company shares reached their 1-month lowest point of $99.51 on 09/20/21. With the stock rallying to its 52-week high on 08/04/21, shares of the company touched a low of $72.50 and a high of $122.49 in 52 weeks. In spite of this, the price is down -10.88% from the 52-week high.


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Insider Transactions

13 days have passed since Advanced Micro Devices Inc. (AMD) last reported insider trading activity. CALDWELL JOHN EDWARD, who is Director, most recently acquired $35,000 shares at $102.65 per share on Oct 01. In this transaction, the insider spent $3,592,750. Chief Technology Officer & EVP, Papermaster Mark D, disposed of 55,000 shares at a price of $105.15 on Sep 15. The insider now owns more than $5,783,259 worth of shares. Prior to that, President & CEO Su Lisa T went on to Sale 125,000 shares at $105.72 each on Sep 14. An amount of $13,214,589 was transacted.

Valuation Metrics

Advanced Micro Devices Inc. (AMD) has a trailing price-to-earnings (P/E) ratio of 38.96, which compares with the 31.10 for the broader industry and 37.24 for the sector. In the last five years, Advanced Micro Devices Inc.’s PE ratio has ranged between 343.50 and 30.68. The stock’s beta is 2.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.06, the price-to-book (PB) ratio at 18.79, and the price-to-cash flow ratio at 54.43.

The quick ratio of Advanced Micro Devices Inc. for the three months ended June 29 was 2.10, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.04 and a total debt to equity ratio of 0.00 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 45.70% against a 5-year average of 36.4%. Advanced Micro Devices Inc.’s EBITDA margin for the year ending June 29 is 17.65%, while its operating margin for the same period stands at 18.30%. Its gross profit as reported stood at $4.35 billion compared to revenue of $9.76 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Advanced Micro Devices Inc.’s return on assets was 37.40%, compared to 6.3% over the last five years. In the past year, the return on investment has been 40.90%, and the 5-year average is 12.4%. Meanwhile, the return on equity (ROE) for the past 12 months has been 59.10% and the 5-year average holds at -4959.2%. For the broader industry, ROE averaged -0.25 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Advanced Micro Devices Inc. had $1.17 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.85 billion in the quarter, while revenues of $3.44 billion were grew 49.82%. The analyst consensus anticipated Advanced Micro Devices Inc.’s latest quarter earnings to come in at $0.54 per share, but it turned out to be $0.63, a 16.70% surprise. For the quarter, EBITDA amounted to $942.0 million. Shareholders own equity worth $1.21 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Advanced Micro Devices Inc. (AMD) price momentum. RSI 9-day as of the close on 13 October was 64.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.42%.

As of today, AMD’s price is $106.08 +5.33% or $5.52 from its 5-day moving average. AMD is currently trading +3.37% higher than its 20-day SMA and +41.45% higher than its 100-day SMA. However, the stock’s current price level is -3.02% below the SMA50 and +19.17% above the SMA200.

The stochastic %K and %D were 69.96% and 64.75%, respectively, and the average true range (ATR) was 3.22. With the 14-day stochastic at 92.85% and the average true range at 3.22, the RSI (14) stands at 59.54%. The stock has reached 2.00 on the 9-day MACD Oscillator while the 14-day reading was at 2.20.

Analyst Ratings

BMO Capital Markets upgraded Advanced Micro Devices Inc. (NASDAQ: AMD) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as a an Underperform.The consensus rating for Advanced Micro Devices Inc. (AMD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMD, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 18 others rate it as a “buy”.

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

Analysts predict a range of price targets between $77.00 and $172.00, with a median target of $115.00. Taking a look at these predictions, the average price target given by analysts for Advanced Micro Devices Inc. (AMD) stock is $116.61.

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