Advanced Micro Devices Inc. (NASDAQ: AMD) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 1.62B common shares owned by the public and among those 1.60B shares have been available to trade.

Insiders at the company have transacted a total of 126 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 45 of these insider trades were purchases, accounting for 2,281,370 shares. Insider sales of the common stock occurred on 81 occasions, with total insider shares sold totaling 1,988,777 shares.

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However, the script later moved the day high at 179.00, up 4.21%. The company’s stock has a 5-day price change of 0.23% and 64.44% over the past three months. AMD shares are trading 20.52% year to date (YTD), with the 12-month market performance up to 109.90% higher. It has a 12-month low price of $75.92 and touched a high of $184.92 over the same period. AMD has an average intraday trading volume of 69.45 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.02%, 23.75%, and 52.62% respectively.

Institutional ownership of Advanced Micro Devices Inc. (NASDAQ: AMD) shares accounts for 69.42% of the company’s 1.62B shares outstanding.

It has a market capitalization of $287.06B and a beta (3y monthly) value of 1.64. The stock’s trailing 12-month PE ratio is 339.50, while the earnings-per-share (ttm) stands at $0.52. The company has a PEG of 13.60 and a Quick Ratio of 1.86 with the debt-to-equity ratio at 0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.97% over the week and 4.41% over the month.

Analysts forecast that Advanced Micro Devices Inc. (AMD) will achieve an EPS of $0.6 for the current quarter, $0.69 for the next quarter and $5.48 for 2025. The lowest estimate earnings-per-share for the quarter is $0.56 while analysts give the company a high EPS estimate of $0.69. Comparatively, EPS for the current quarter was $0.6 a year ago. Earnings per share for the fiscal year are expected to increase by 37.88%, and 49.39% over the next financial year. EPS should grow at an annualized rate of 24.95% over the next five years, compared to 10.43% over the past 5-year period.

Looking at the support for the AMD, a number of firms have released research notes about the stock. Northland Capital stated their Outperform rating for the stock in a research note on January 31, 2024, with the firm’s price target at $195.

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