During the recent session, Advanced Micro Devices Inc. (NASDAQ:AMD)’s traded shares were 10.81 million, with the beta value of the company hitting 1.69. At the last check today, the stock’s price was $164.88, reflecting an intraday gain of 0.43% or $0.7. The 52-week high for the AMD share is $227.30, that puts it down -37.86 from that peak though still a striking 43.53% gain since the share price plummeted to a 52-week low of $93.11. The company’s market capitalization is $266.85B, and the average intraday trading volume over the past 10 days was 36.23 million shares, and the average trade volume was 45.03 million shares over the past three months.
Advanced Micro Devices Inc. (AMD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.46. AMD has a Sell rating from 0 analyst(s) out of 33 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 27 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.91.
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Advanced Micro Devices Inc. (NASDAQ:AMD) trade information
Advanced Micro Devices Inc. (AMD) registered a 0.43% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.43% in intraday trading to $164.88, hitting a weekly high. The stock’s 5-day price performance is -3.52%, and it has moved by 9.36% in 30 days. Based on these gigs, the overall price performance for the year is 52.23%. The short interest in Advanced Micro Devices Inc. (NASDAQ:AMD) is 44.61 million shares and it means that shorts have 1.36 day(s) to cover.
The consensus price target of analysts on Wall Street is $184, which implies an increase of 10.39% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $65 and $270 respectively. As a result, AMD is trading at a discount of -63.76% off the target high and 60.58% off the low.
Advanced Micro Devices Inc. (AMD) estimates and forecasts
Statistics show that Advanced Micro Devices Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Advanced Micro Devices Inc. (AMD) shares have gone up 0.98% during the last six months, with a year-to-date growth rate more than the industry average at 26.79% against 4.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 30.00% this quarter and then jump 49.40% in the quarter after that. In the rating firms’ projections, revenue will increase 12.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.71B as predicted by 32 analyst(s). Meanwhile, a consensus of 32 analyst(s) estimates revenue growth to 7.54B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 5.8B and 6.17B respectively. In this case, analysts expect current quarter sales to grow by 15.70% and then jump by 22.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 10.43%. While earnings are projected to return 28.90% in 2024, the next five years will return 34.49% per annum.
AMD Dividends
Advanced Micro Devices Inc. is due to release its next quarterly earnings on 2024-Oct-29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Advanced Micro Devices Inc. (NASDAQ:AMD)’s Major holders
Advanced Micro Devices Inc. insiders own 0.49% of total outstanding shares while institutional holders control 72.41%, with the float percentage being 72.77%. VANGUARD GROUP INC is the largest shareholder of the company, while 3337.0 institutions own stock in it. As of 2024-06-30, the company held over 147.32 million shares (or 9.111% of all shares), a total value of $23.9 billion in shares.
The next largest institutional holding, with 130.38 million shares, is of BLACKROCK INC.’s that is approximately 8.0629% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $21.15 billion.
