18.6 C
New York
Wednesday, September 27, 2023

Momentum Is Strong For Advanced Micro Devices Inc. (NASDAQ: AMD)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Advanced Micro Devices Inc. (AMD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.35, or -0.32%, to $109.10. The Advanced Micro Devices Inc. has recorded 1,034,239 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed AMD Shares The Technical Details of Technology Powering Innovative Confidential Computing Leadership Cloud Offerings.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.

Sponsored

Stocks Info

This NASDAQ-listed company operates within the Semiconductors industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $109.45 and fluctuated between $110.06 as its day high and $106.61 as its day low. The current market capitalization of Advanced Micro Devices Inc. is $170.81B. A total of 54.77 million shares were traded on the day, compared to an average of 66.55M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, AMD has seen 20 BUY and 35 SELL insider trades, representing the acquisition of 1,572,527 and the disposition of 1,120,735 shares. Over the last 12 months, there were 42 BUYs and 73 SELLs from insiders. Insiders purchased 2,594,009 shares during that period but sold 1,998,873.

In the most recent transaction, GRASBY PAUL DARREN sold 14,942 shares of AMD for 106.21 per share on Aug 30. After the transaction, the EVP Strategic Partnerships now owns 103,663 company shares. In a previous transaction on Aug 15, Su Lisa T sold 75,000 shares at 111.59 per share. AMD shares that Chair, President & CEO owns now total 3,192,774.

Among the insiders who sold shares, Papermaster Mark D disposed of 31,701 shares on Jul 06 at a per-share price of $111.49. This resulted in the Chief Technology Officer & EVP holding 1,513,245 shares of AMD after the transaction. In another insider transaction, PENG VICTOR sold 105,000 shares at $124.57 per share on Jun 09. Company shares held by the President, AMD now total 321,090.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for AMD in the last 3 months, the mean price target is $143.00 with high estimates of $200.00 and low estimates of $95.00. In terms of 52-week highs and lows, AMD has a high of $132.83 and a low of $54.57.

As of this writing, AMD has an earnings estimate of $0.68 per share for the current quarter. EPS was calculated based on a consensus of 30 estimates, with a high estimate of $0.71 per share and a lower estimate of $0.57. The company reported an EPS of $0.6 in the last quarter, which was 7.10% higher than expectations of $0.56.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. AMD’s latest balance sheet shows that the firm has $3.61B in Cash & Short Term Investments as of fiscal 2021. There were $661.00M in debt and $4.24B in liabilities at the time. Its Book Value Per Share was $34.20, while its Total Shareholder’s Equity was $7.50B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMD is Buy with a score of 4.54.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles