Now Is A Good Time To Buy Advanced Micro Devices Inc. (NASDAQ: AMD)

During the last session, Advanced Micro Devices Inc. (NASDAQ:AMD)’s traded shares were 87.02 million, with the beta value of the company hitting 1.69. At the end of the trading day, the stock’s price was $148.60, reflecting an intraday loss of -10.62% or -$17.65. The 52-week high for the AMD share is $227.30, that puts it down -52.96 from that peak though still a striking 36.7% gain since the share price plummeted to a 52-week low of $94.07. The company’s market capitalization is $240.51B, and the average intraday trading volume over the past 10 days was 38.8 million shares, and the average trade volume was 41.75 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.

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

Advanced Micro Devices Inc. (AMD) registered a -10.62% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -10.62% in intraday trading to $148.60, hitting a weekly high. The stock’s 5-day price performance is -2.82%, and it has moved by -6.98% in 30 days. Based on these gigs, the overall price performance for the year is 54.50%. The short interest in Advanced Micro Devices Inc. (NASDAQ:AMD) is 47.41 million shares and it means that shorts have 1.34 day(s) to cover.

The consensus price target of analysts on Wall Street is $180, which implies an increase of 17.44% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $80 and $250 respectively. As a result, AMD is trading at a discount of -68.24% off the target high and 46.16% 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 3.00% during the last six months, with a year-to-date growth rate more than the industry average at 26.79% against 4.60.

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 26.97% in 2024, the next five years will return 36.95% per annum.

AMD Dividends

Advanced Micro Devices Inc. is due to release its next quarterly earnings in November. 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 0.50% of total outstanding shares while institutional holders control 72.71%, with the float percentage being 73.08%. VANGUARD GROUP INC is the largest shareholder of the company, while 3368.0 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.