In today’s recent session, 5.85 million shares of the Advanced Micro Devices Inc (NASDAQ:AMD) have been traded, and its beta is 1.72. Most recently the company’s share price was $110.69, and it changed around $0.21 or 0.19% from the last close, which brings the market valuation of the company to $179.37B. AMD at last check was trading at a discount to its 52-week high of $227.30, offering almost -105.35% off that amount. The share price’s 52-week low was $106.50, which indicates that the recent value has risen by an impressive 3.79% since then. We note from Advanced Micro Devices Inc’s average daily trading volume that its 10-day average is 49.68 million shares, with the 3-month average coming to 38.77 million.
Advanced Micro Devices Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.74. If we narrow it down even further, the data shows that 1 out of 52 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 16 recommended AMD as a Hold, whereas 28 deemed it a Buy, and 0 rated it as Underweight. Advanced Micro Devices Inc is expected to report earnings per share of 0.94 for the current quarter.
Advanced Micro Devices Inc (NASDAQ:AMD) trade information
Instantly AMD has been showing a green trend so far today with a performance of 0.19% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 112.56 on recent trading dayincreased the stock’s daily price by 1.66%. The company’s shares are currently down -8.36% year-to-date, but still down -7.37% over the last five days. On the other hand, Advanced Micro Devices Inc (NASDAQ:AMD) is -4.61% down in the 30-day period. We can see from the shorts that 58.91 million shares have been sold at a short interest cover period of 1.46 day(s).
The consensus price target as assigned by Wall Street analysts is $162.5, which translates to bulls needing to increase their stock price by 31.88% from its current value. Analyst projections state that AMD is forecast to be at a low of $129 and a high of $200.
Advanced Micro Devices Inc (AMD) estimates and forecasts
The year-over-year growth rate is expected to be 23.62%, up from the previous year.
Consensus estimates provided by 36 financial analysts predict the company will bring in an average of 7.1B in revenue for the current quarter. 33 analysts expect Advanced Micro Devices Inc to make 7.44B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 5.47B and 5.83B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 29.77%. Forecasts for the next quarter put sales growth at 27.47%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 26.91%. Advanced Micro Devices Inc earnings are expected to increase by 42.12% in 2025, but the outlook is positive 33.10% per year for the next five years.
AMD Dividends
Advanced Micro Devices Inc’s next quarterly earnings report is expected to be released in March.
Advanced Micro Devices Inc (NASDAQ:AMD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.49% of Advanced Micro Devices Inc shares, and 72.17% of them are in the hands of institutional investors. The stock currently has a share float of 72.52%. Advanced Micro Devices Inc stock is held by 3329.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.8951% of the shares, which is about 147.32 million shares worth $23.9 billion.
BLACKROCK INC., with 7.8718% or 130.38 million shares worth $21.15 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 51.31 shares worth $5.7 billion, making up 3.17% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 42.39 shares worth around $4.71 billion, which represents about 2.62% of the total shares outstanding.
