Analyst Expect Big Moves From Advanced Micro Devices Inc. (NASDAQ: AMD)

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 111 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 39 of these insider trades were purchases, accounting for 2,024,257 shares. Insider sales of the common stock occurred on 72 occasions, with total insider shares sold totaling 1,726,503 shares.

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The company’s stock has a 5-day price change of -0.14% and 48.14% over the past three months. AMD shares are trading 19.75% year to date (YTD), with the 12-month market performance up to 130.41% higher. It has a 12-month low price of $76.65 and touched a high of $184.92 over the same period. AMD has an average intraday trading volume of 71.72 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 1.95%, 11.90%, and 44.28% respectively.

Institutional ownership of Advanced Micro Devices Inc. (NASDAQ: AMD) shares accounts for 71.97% of the company’s 1.62B shares outstanding.

It has a market capitalization of $285.22B and a beta (3y monthly) value of 1.64. The stock’s trailing 12-month PE ratio is 337.32, while the earnings-per-share (ttm) stands at $0.52. The company has a PEG of 13.51 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 4.85% over the week and 4.14% 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 $5.45 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 38.16%, and 49.05% over the next financial year. EPS should grow at an annualized rate of 24.96% 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. Raymond James coverage for the Advanced Micro Devices Inc. (AMD) stock in a research note released on January 30, 2024 offered a Outperform rating with a price target of $195. Susquehanna was of a view on January 29, 2024 that the stock is Positive, while Morgan Stanley gave the stock Overweight rating on January 29, 2024, issuing a price target of $128- $193. BofA Securities on their part issued Buy rating on January 29, 2024.

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