Advanced Micro Devices - AMD Stock Forecast, Price & News

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles. The company provides processors for desktop and notebook personal computers under the AMD Ryzen, AMD Ryzen PRO, Ryzen Threadripper, Ryzen Threadripper PRO, AMD Athlon, AMD Athlon PRO, AMD FX, AMD A-Series, and AMD PRO A-Series processors brands; discrete GPUs for desktop and notebook PCs under the AMD Radeon graphics, AMD Embedded Radeon graphics brands; and professional graphics products under the AMD Radeon Pro and AMD FirePro graphics brands. It also offers Radeon Instinct, Radeon PRO V-series, and AMD Instinct accelerators for servers; chipsets under the AMD trademark; microprocessors for servers under the AMD EPYC; embedded processor solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series processors brands; and customer-specific solutions based on AMD CPU, GPU, and multi-media technologies, as well as semi-custom SoC products. It serves original equipment manufacturers, public cloud service providers, original design manufacturers, system integrators, independent distributors, online retailers, and add-in-board manufacturers through its direct sales force, independent distributors, and sales representatives. The company was incorporated in 1969 and is headquartered in Santa Clara, California.

Advanced Micro Devices Trading Down 4.5 %

Shares of AMD Stock opened at $95.54 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. Advanced Micro Devices has a 12-month low of $71.60 and a 12-month high of $164.46. The stock has a market capitalization of $154.23 billion, a P/E ratio of 40.14, a P/E/G ratio of 0.94 and a beta of 1.96. The firm's 50 day moving average is $88.34 and its 200 day moving average is $99.72.

Advanced Micro Devices (NASDAQ:AMD - Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.02. Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. During the same period in the prior year, the company posted $0.58 EPS. Research analysts expect that Advanced Micro Devices will post 3.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AMD shares. JPMorgan Chase & Co. reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set a "neutral" rating on the stock in a report on Wednesday, August 3rd. Bank of America reduced their price objective on Advanced Micro Devices from $160.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, June 29th. StockNews.com lowered shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Thursday, August 4th. Cowen dropped their price objective on Advanced Micro Devices from $160.00 to $120.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 12th. Finally, Susquehanna Bancshares cut their price objective on Advanced Micro Devices from $140.00 to $120.00 and set a "positive" rating on the stock in a research report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.93.

Insider Transactions at Advanced Micro Devices

In related news, CFO Devinder Kumar sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $102.44, for a total transaction of $2,048,800.00. Following the completion of the sale, the chief financial officer now directly owns 504,370 shares in the company, valued at $51,667,662.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Advanced Micro Devices news, CFO Devinder Kumar sold 20,000 shares of the business's stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $102.44, for a total transaction of $2,048,800.00. Following the completion of the sale, the chief financial officer now owns 504,370 shares of the company's stock, valued at $51,667,662.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Darren Grasby sold 32,694 shares of the firm's stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $76.99, for a total value of $2,517,111.06. Following the completion of the transaction, the executive vice president now directly owns 37,800 shares in the company, valued at approximately $2,910,222. The disclosure for this sale can be found here. Insiders have sold 81,660 shares of company stock worth $7,462,511 in the last quarter. Company insiders own 1.00% of the company's stock.