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What Is The Performance Outlook For Advanced Micro Devices Inc. (NASDAQ: AMD) In The Coming Months?

In the last trading session, 57.99 million Advanced Micro Devices Inc. (NASDAQ:AMD) shares changed hands as the company’s beta touched 1.63. With the company’s per share price at $171.91 changed hands at -$0.57 or -0.33% during last session, the market valuation stood at $277.77B. AMD’s last price was a discount, traded about -7.57% off its 52-week high of $184.92. The share price had its 52-week low at $75.92, which suggests the last value was 55.84% up since then. When we look at Advanced Micro Devices Inc.’s average trading volume, we note the 10-day average is 78.58 million shares, with the 3-month average coming to 0.83.

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

Instantly AMD was in red as seen at the end of in last trading. With action -1.33%, the performance over the past five days has been red. The drop to weekly highs of 177.40 subtracted -0.33% to the stock’s daily price. The company’s shares are showing year-to-date upside of 16.62%, with the 5-day performance at -1.33% in the red. However, in the 30-day time frame, Advanced Micro Devices Inc. (NASDAQ:AMD) is 16.14% up. Looking at the short shares, we see there were 39.85 million shares sold at short interest cover period of 0.43 days.

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Advanced Micro Devices Inc. (AMD) estimates and forecasts

Data shows that the Advanced Micro Devices Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 59.81% over the past 6 months, a 30.94% in annual growth rate that is considerably higher than the industry average of 5.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 10.43%. The 2024 estimates are for Advanced Micro Devices Inc. earnings to increase by 38.15%, but the outlook for the next 5-year period is at 24.96% per year.

AMD Dividends

Advanced Micro Devices Inc. is expected to release its next quarterly earnings report between April 30 and May 06.

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

If we look at who the major shareholders are, we find that insiders hold 0.49% of Advanced Micro Devices Inc. shares while 72.14% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.49%. There are 72.14% institutions holding the Advanced Micro Devices Inc. stock share, with Vanguard Group Inc the top institutional holder. As of Sep 29, 2023, the company held 8.75% of the shares, roughly 140.05 million AMD shares worth $14.4 billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.60% or 121.64 million shares worth $12.51 billion as of Sep 29, 2023.

Among Mutual Funds, the top two as of Sep 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 50.3 million shares estimated at $5.17 billion under it, the former controlled 3.14% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.43% of the shares, roughly 38.82 million shares worth around $3.99 billion.

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