The stock of Advanced Micro Devices Inc. (NASDAQ:AMD) increased by increased by $0.49 on Friday to finish at $119.82, up 0.41 percent. The last five days have seen an average of 39,032,781 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $28.11. The average number of shares traded over the last 20 days was 42,982,465, while the average volume over the last 50 days totaled 46,546,746.
AMD stock appreciated 12.88% since last month. On 09/29/21, the company’s shares reached a one-month low of $99.81. The stock touched a high of $122.49 on 08/04/21, after rallying from a low of $72.50 in 52 weeks. The price of AMD stock has risen by 30.65% or $28.11 this year, reaching a new high 8 times. Still, the stock price is down -2.18% from the 52-week high.
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There have been 10 days since Advanced Micro Devices Inc. (AMD) last reported insider trading activity on Oct 15. On Oct 15, Chief Technology Officer & EVP Papermaster Mark D sold 55,000 shares at $111.89 each. This transaction resulted in the insider making $6,153,956. On Oct 01, CALDWELL JOHN EDWARD sold 35,000 shares at a price of US$102.65. After the transaction, the insider now owns 24,672 shares. Chief Technology Officer & EVP Papermaster Mark D had earlier sold 55,000 shares on Sep 15 for $105.15 a share. The transaction was completed for $5,783,259.
Advanced Micro Devices Inc. (AMD) has a trailing price-to-earnings (P/E) ratio of 42.76. This level actually compares unfavorably with the industry at large, as the PE for the Semiconductors industry stands at about 29.86. Further, its PE also compares unfavorably with the Technology sector’s trailing 12 months PE ratio, which comes in at 38.99 right now. The PE ratio of Advanced Micro Devices Inc. has varied between 343.50 and 30.68 in the last five years. Beta for the stock is 2.02. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 10.85, the price-to-book (PB) ratio of 20.62, and the price-to-cash flow ratio of 58.72.
For the three months ended June 29, Advanced Micro Devices Inc.’s quick ratio was 2.10, while its current ratio was 2.70, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 45.70% percent. Advanced Micro Devices Inc.’s EBITDA margin for the year ended June 29 was 17.65%, whereas its operating margin stood at 18.30% for the same period. Based on annual data, it had gross profit of $4.35 billion and revenue of $9.76 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AMD’s return on assets (ROA) during the last 12 months has been 37.40%. There was a 40.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 59.10%. ROE has averaged -0.25 in the past year for the broader industry.
According to Advanced Micro Devices Inc.’s quarterly financial report for the quarter that ended June 29, it had $313.0 million in total debt versus $1.17 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.85 billion, while revenues rose by 49.82% to $3.44 billion. It was predicted that Advanced Micro Devices Inc.’s quarterly earnings would be $0.63, but it ended up being $0.54, beating the consensus by 16.70%. EBITDA was $942.0 million for the quarter. At the end of Advanced Micro Devices Inc.’s most recent quarter ended June 29, its liabilities totaled 3.63 billion, while its total debt was $551.0 million. Equity owned by shareholders amounts to $1.21 billion.
Here’s a quick look at Advanced Micro Devices Inc.’s (AMD) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 82.18%, suggesting the stock is Overbought, with a 21.46% historical volatility rate.
The stochastic %K and %D were 93.23% and 93.88% respectively, while the average true range (ATR) was 3.22. Based on the 14-day stochastic reading of 91.80%, the RSI (14) reading is 73.91%. On the 9-day MACD Oscillator, the stock is at 4.45, and the 14-day reading is at 7.92.
In its most recent analyst report, BMO Capital Markets raised its rating on Advanced Micro Devices Inc. (NASDAQ: AMD) to a Market perform. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Advanced Micro Devices Inc. (AMD) an Overweight rating. AMD is a stock that is recommended for selling by 0 brokerage firms, while 16 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 5 rates it overweight and 18 others recommend it as a buy.
What is AMD’s price target for the next 12 months?
The current consensus forecast for the stock is between $77.00 and $172.00, with a median target price of $117.50. In analyzing these forecasts, the average price target given by analysts for Advanced Micro Devices Inc. (AMD) is $117.55.