Advanced Micro Devices Inc (NASDAQ:AMD)’s traded shares stood at 7.94 million during the last session, with the company’s beta value hitting 1.67. At the last check today, the stock’s price was $136.76, to imply a decrease of -1.50% or -$2.08 in intraday trading. The AMD share’s 52-week high remains $227.30, putting it -66.2% down since that peak but still an impressive 14.91% since price per share fell to its 52-week low of $116.37. The company has a valuation of $221.93B, with an average of 31.62 million shares in intraday trading volume over the past 10 days and average of 36.98 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Advanced Micro Devices Inc (AMD), translating to a mean rating of 1.51. Of 33 analyst(s) looking at the stock, 0 analyst(s) give AMD a Sell rating. 1 of those analysts rate the stock as Overweight while 5 advise Hold as 27 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.09.
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Advanced Micro Devices Inc (NASDAQ:AMD) trade information
After registering a -1.50% downside in the latest session, Advanced Micro Devices Inc (AMD) has traded red over the past five days. The 5-day price performance for the stock is -7.57%, and -12.48% over 30 days. With these gigs, the year-to-date price performance is -7.23%. Short interest in Advanced Micro Devices Inc (NASDAQ:AMD) saw shorts transact 57.1 million shares and set a 1.49 days time to cover.
The extremes give us $80 and $250 for target low and target high price respectively. As such, AMD has been trading -82.8% off suggested target high and 41.5% from its likely low.
Advanced Micro Devices Inc (AMD) estimates and forecasts
Looking at statistics comparing Advanced Micro Devices Inc share performance against respective industry, we note that the company has outperformed competitors. Advanced Micro Devices Inc (AMD) shares are -16.85% down over the last 6 months, with its year-to-date growth rate higher than industry average at 24.53% against 15.20%. Revenue is forecast to grow 42.07% this quarter before jumping 59.17% for the next one. The rating firms project that company’s revenue will grow 13.23% compared to the previous financial year.
Revenue forecast for the current quarter as set by 36 analysts is 7.55B. Meanwhile, for the current quarter, a total of 30 analyst(s) estimate revenue growth to 7.1B.Earnings reports from the last fiscal year show that sales brought in 6.17B and 5.47B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 22.42% before jumping 29.81% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 10.43% for the past 5-year period. While 2024 is set for a 25.58% return in earnings, projections for the next 5 years are at 36.79% annually.
AMD Dividends
Advanced Micro Devices Inc has its next earnings report out on 2025-Jan-28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Advanced Micro Devices Inc (NASDAQ:AMD)’s Major holders
Advanced Micro Devices Inc insiders hold 0.49% of total outstanding shares, with institutional holders owning 71.78% of the shares at 72.13% float percentage. In total, 71.78% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 147.32 million shares (or 9.111% of shares), all amounting to roughly $23.9 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 130.38 million shares, or about 8.0629% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $21.15 billion.
