Does Advanced Micro Devices Inc. (NASDAQ:AMD) Look Expensive At $169.35? Here’s How To Know.

In last trading session, Advanced Micro Devices Inc. (NASDAQ:AMD) saw 43.26 million shares changing hands with its beta currently measuring 1.64. Company’s recent per share price level of $169.35 trading at -$1.59 or -0.93% at ring of the bell on the day assigns it a market valuation of $273.63B. That closing price of AMD’s stock is at a discount of -9.19% from its 52-week high price of $184.92 and is indicating a premium of 55.17% from its 52-week low price of $75.92. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 95.19 million shares which gives us an average trading volume of 70.17 million if we extend that period to 3-months.

Advanced Micro Devices Inc. (NASDAQ:AMD) trade information

Upright in the red during last session for losing -0.93%, in the last five days AMD remained trading in the red while hitting it’s week-highest on Monday, 02/05/24 when the stock touched $169.35 price level, adding 5.92% to its value on the day. Advanced Micro Devices Inc.’s shares saw a change of 14.88% in year-to-date performance and have moved -0.66% in past 5-day. Advanced Micro Devices Inc. (NASDAQ:AMD) showed a performance of 13.46% in past 30-days. Number of shares sold short was 45.24 million shares which calculate 0.73 days to cover the short interests.

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Advanced Micro Devices Inc. (AMD) estimates and forecasts

Statistics highlight that Advanced Micro Devices Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 53.30% of value to its shares in past 6 months, showing an annual growth rate of 30.94% while that of industry is -2.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 13.60% from the last financial year’s standing.

31 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $5.43 billion for the same. And 31 analysts are in estimates of company making revenue of $5.69 billion in the next quarter that will end on Jun 2024. Company posted $5.35 billion and $5.36 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 1.50% while estimating it to be 6.10% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 10.43% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 38.15% while estimates for its earnings growth in next 5 years are of 24.95%.

AMD Dividends

Advanced Micro Devices Inc. is more likely to be releasing its next quarterly report between April 30 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Advanced Micro Devices Inc. (NASDAQ:AMD)’s Major holders

Insiders are in possession of 0.50% of company’s total shares while institution are holding 72.05 percent of that, with stock having share float percentage of 72.41%. Investors also watch the number of corporate investors in a company very closely, which is 72.05% institutions for Advanced Micro Devices Inc. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at AMD for having 140.05 million shares of worth $14.4 billion. And as of Sep 29, 2023, it was holding 8.75% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 121.64 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 7.60% of outstanding shares, having a total worth of $12.51 billion.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 50.3 million shares of worth $5.17 billion or 3.14% of the total outstanding shares. The later fund manager was in possession of 38.82 million shares on Sep 29, 2023, making its stake of worth around $3.99 billion in the company or a holder of 2.43% of company’s stock.

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