In the latest trading session, 8.38 million Advanced Micro Devices Inc (NASDAQ:AMD) shares changed hands as the company’s beta touched 1.73. With the company’s most recent per share price at $104.27 changing hands around $0.31 or 0.30% at last look, the market valuation stands at $168.97B. AMD’s current price is a discount, trading about -117.99% off its 52-week high of $227.30. The share price had its 52-week low at $103.62, which suggests the last value was 0.62% up since then.
Analysts gave the Advanced Micro Devices Inc (AMD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.79. If we narrow down to specifics, the data shows that 0 out of 33 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended AMD as a Hold, 27 felt it is a Buy and 0 rated the stock as Underweight. Advanced Micro Devices Inc’s EPS for the current quarter is expected to be 0.94.
Advanced Micro Devices Inc (NASDAQ:AMD) trade information
Instantly AMD is in green as seen in intraday trades today. With action -9.09%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -13.68%, with the 5-day performance at -9.09% in the red. However, in the 30-day time frame, Advanced Micro Devices Inc (NASDAQ:AMD) is -9.34% down.
The consensus price target for the stock as assigned by Wall Street analysts is 162.5, meaning bulls need an upside of 35.83% from its recent market value. According to analyst projections, AMD’s forecast low is 129 with 200 as the target high. To hit the forecast high, the stock’s price needs a -91.81% plunge from its current level, while the stock would need to soar -23.72% for it to hit the projected low.
Advanced Micro Devices Inc (AMD) estimates and forecasts
Year-over-year growth is forecast to reach 23.42% up from the last financial year.
Consensus estimates given by 36 financial analysts project the company’s revenue in the current quarter to hit an average of 7.1B. 32 analysts are of the opinion that Advanced Micro Devices Inc’s revenue for the current quarter will be 7.44B. The company’s revenue for the corresponding quarters a year ago was 5.47B and 5.83B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 29.75%. The estimates for the next quarter sales put growth at 27.43%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 26.91%. The 2025 estimates are for Advanced Micro Devices Inc earnings to increase by 41.65%, but the outlook for the next 5-year period is at 33.15% per year.
Advanced Micro Devices Inc (NASDAQ:AMD)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.8718% or 130.38 million shares worth $21.15 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 51.31 shares estimated at $5.35 billion under it, the former controlled 3.17% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.62% of the shares, roughly 42.39 shares worth around $4.42 billion.
