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.
Advanced Micro Devices stock last closed at $164.47, up 1.14% from the previous day, and has increased 58.53% in one year. It has overperformed other stocks in the Semiconductors industry by 0.13 percentage points. Advanced Micro Devices stock is currently +76.63% from its 52-week low of $93.12, and -27.64% from its 52-week high of $227.30.
At the moment, there are 1.62B shares of AMD outstanding. The market value of AMD is $265.84B. In the last 24 hours, 65.7M AMD shares were traded.
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After you have figured out the best place to buy Advanced Micro Devices stock, it's absolutely critical to evaluate their stock prior to investing, so you actually wrap your head around the risk and opportunity.
WallStreetZen was created to help average investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on AMD's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge AMD's fair value.
Using relative valuations ratios:
You can do more valuation research on AMD's stock here.
Out of 28 Wall Street analysts who track AMD, the consensus analyst rating on AMD is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Mark Lipacis, a top 3% analyst from Evercore ISI Group maintains AMD with a buy rating and lowers their AMD price target from $200.00 to $193.00, on May 1, 2024.
John Vinh, a top 1% analyst from KeyBanc maintains AMD with a strong buy rating and lowers their AMD price target from $270.00 to $230.00, on May 1, 2024.
C J Muse, a top 2% analyst from Cantor Fitzgerald maintains AMD with a strong buy rating and lowers their AMD price target from $190.00 to $170.00, on May 1, 2024.
Vijay Rakesh, a top 1% analyst from Mizuho maintains AMD with a strong buy rating and lowers their AMD price target from $235.00 to $215.00, on May 1, 2024.
Harsh Kumar, a top 1% analyst from Piper Sandler reiterates AMD with a strong buy rating and lowers their AMD price target from $195.00 to $175.00, on May 1, 2024.
Piper Sandler's Harsh Kumar lowered their price target on Advanced Micro Devices (NASDAQ: AMD) by 10.3% from $195 to $175 on 2024/05/01. The analyst reiterated their Strong Buy rating on the stock.
AMD reported a largely in-line quarter with revenue guidance that was also in line with estimates, the analyst reported after reviewing the company's Q1 2024 earnings, reported on 2024/04/30.
That said, the "segments that matter," such as MI300 and the server business, did exceptionally well and continue to get better, Kumar said, adding that most of the headwinds are coming from the Gaming and Embedded businesses.
Gaming is currently going through a correction, while Embedded is very close to stabilizing in Q2 and should pick up in 2H 2024, the analyst detailed.
All in all, AMD is poised to continue delivering on the core businesses that investors care about, while also navigating through headwinds in its non-core pieces, Kumar concluded.
For Q1 2024, Advanced Micro Devices (AMD) reported:
For Q2 2024, management guided:
Chair and CEO Lisa Su commented: “We delivered strong Q1 results with our Data Center and Client segments each growing more than 80% Y/Y driven by the ramp of MI300 AI accelerator shipments and the adoption of our Ryzen and EPYC processors.
“This is an incredibly exciting time for the industry as widespread deployment of AI is driving demand for significantly more compute across a broad range of markets.
“We are executing very well as we ramp our data center business and enable AI capabilities across our product portfolio.”
You can dig deeper into what analysts are forecasting on the Advanced Micro Devices stock forecast page.
Last year, AMD earnings were $1.12B. In the last five year, AMD's earnings have increased by 21.56% per year. This was slower than the Semiconductors industry average of 28.94%.
Last year, AMD revenue was $22.80B. During the past 5 year, AMD's revenue has grown by 30.17% per year. This was faster than the Semiconductors industry average of 25.38%.
Dig into AMD's earnings and revenue performance here.
Over the past year, insiders at AMD have sold more shares than they have bought.
Mark D. Papermaster, Chief Technology Officer EVP of AMD, was the latest AMD insider to sell. They sold $117,241.36 worth of AMD shares on May 15, 2024.
Learn more about who owns AMD shares here.
No, Advanced Micro Devices doesn't provide an income stream by paying out dividends.
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