Advanced Micro Devices Inc. (AMD) Testing Investors’ Patience Right Now

Currently, there are 1.62B common shares owned by the public and among those 1.61B shares have been available to trade.

The company’s stock has a 5-day price change of 7.79% and 3.66% over the past three months. AMD shares are trading 16.61% year to date (YTD), with the 12-month market performance up to 50.86% higher. It has a 12-month low price of $93.11 and touched a high of $227.30 over the same period. AMD has an average intraday trading volume of 51.94 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 6.72%, 7.81%, and 15.75% respectively.

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Institutional ownership of Advanced Micro Devices Inc. (NASDAQ: AMD) shares accounts for 70.56% of the company’s 1.62B shares outstanding.

It has a market capitalization of $277.84B and a beta (3y monthly) value of 1.68. The stock’s trailing 12-month PE ratio is 251.10, while the earnings-per-share (ttm) stands at $0.68. The company has a PEG of 7.57 and a Quick Ratio of 1.92 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 4.26% over the week and 3.49% over the month.

Earnings per share for the fiscal year are expected to increase by 32.46%, and 58.06% over the next financial year. EPS should grow at an annualized rate of 33.16% 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. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on June 10, 2024, with the firm’s price target at $176. Jefferies coverage for the Advanced Micro Devices Inc. (AMD) stock in a research note released on May 13, 2024 offered a Buy rating with a price target of $190. DZ Bank was of a view on May 07, 2024 that the stock is Buy, while TD Cowen gave the stock Buy rating on April 18, 2024, issuing a price target of $185- $200. HSBC Securities on their part issued Buy rating on April 16, 2024.

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