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Sunday, December 3, 2023

Advanced Micro Devices Inc. (NASDAQ: AMD) May Be Attracting Institutional Investments

After Hours

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. After-hours trades for Advanced Micro Devices Inc. (AMD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.36, or -0.32%, to $111.39. The Advanced Micro Devices Inc. has recorded 3,166,489 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that AMD Reports Third Quarter 2023 Financial Results.

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Stocks Info

Advanced Micro Devices Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Semiconductors industry. At the end of the last regular session, the stock closed at $111.75 and fluctuated between $113.08 as its day high and $110.22 as its day low. The current market capitalization of Advanced Micro Devices Inc. is $180.53B. A total of 46.78 million shares were traded on the day, compared to an average of 56.82M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, AMD has seen 18 BUY and 25 SELL insider trades, representing the acquisition of 774,938 and the disposition of 442,494 shares. Over the last 12 months, there were 46 BUYs and 81 SELLs from insiders. Insiders purchased 2,735,299 shares during that period but sold 2,126,065.

In the most recent transaction, Su Lisa T sold 75,000 shares of AMD for 105.40 per share on Sep 12. After the transaction, the Chair, President & CEO now owns 3,358,721 company shares. In a previous transaction on Aug 30, GRASBY PAUL DARREN sold 14,942 shares at 106.21 per share. AMD shares that EVP Strategic Partnerships owns now total 103,663.

Among the insiders who sold shares, Su Lisa T disposed of 75,000 shares on Aug 15 at a per-share price of $111.59. This resulted in the Chair, President & CEO holding 3,192,774 shares of AMD after the transaction. In another insider transaction, Papermaster Mark D sold 31,701 shares at $111.49 per share on Jul 06. Company shares held by the Chief Technology Officer & EVP now total 1,513,245.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for AMD in the last 3 months, the mean price target is $133.19 with high estimates of $200.00 and low estimates of $98.00. In terms of 52-week highs and lows, AMD has a high of $132.83 and a low of $59.80.

As of this writing, AMD has an earnings estimate of $AMC Entertainment Holdings, Inc per share for the current quarter. EPS was calculated based on a consensus of Advanced Micro Devices, Inc. estimates, with a high estimate of $AMD/BRX per share and a lower estimate of $GraniteShares 1x Short AMD Dail.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $34.04, while its Total Shareholder’s Equity was $7.50B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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.

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