The stocks of Advanced Micro Devices (NASDAQ: AMD) have recently been assigned a price objective of $70 with a rating of ‘sell’ by the analysts of New St. Research on 16th March, Tuesday. This indicates a 16.49% potential upside from the previous close of the company.
On Tuesday, the Micro Device firm spiked by $1.32, trading at $83.82. Their lowest in 12 months is $36.75 while the highest is $99.23. Their current, quick, and leverage ratio is 2.28, 1.74, and 0.10. They have shares of 1,042,423 compared to 45,390,309 average volume. Their 50 days rolling average is at $86.48 while the 200 day is at $85.99.
According to their 25th January report, their quarterly EPS was $0.52, topping the $0.47 consensus estimate by almost $0.05. They had a 10.17% net margin along with a 33.04% equity return. Their revenue was $3.24 billion, surpassing the $3.03 billion estimate of the experts.
AMD Stock Market Ventures
Craig Hallum lifted their price objective of AMD shares to $120 from $100 and gave a rating of ‘buy’. Loop Capital upped it to $115 from $95 and gave a rating of ‘buy’. Barclays lifted it to $120 from $115 and gave a rating of ‘overweight’.
Royal Canada Bank promoted it to $105 from $100 and gave a rating of ‘outperform’. BMO Markets demoted it to $75 from $80 along with a rating cut to ‘underperform’ from ‘market perform’. The firm has an average ‘buy’ recommendation with a $90 price objective.
Rick Bergman, EVP, sold off 2,000 AMD shares at $88.29 EPS worth $176,580. Forrest Eugene, SVP, sold off 81,500 AMD shares at $88.80 EPS worth $7,237,200. 1.20% Advanced stock is owned by insiders of the firm.
HM Payson upgraded their holdings on AMD stock by roughly 738%, owning shares priced at $115,000. Amundi Management increased their stake by approximately 24.8% and own $316,797,000 worth of shares. Institutional investors own 67.01% Advance stock.
