The share prices of Advanced Micro Devices (NASDAQ: AMD) has declined by a margin of 5.5% on 18th March, Thursday after the insider selling. The stock was traded for a $78.01 low. Shares of 50,934,816 traded hands at the midday trading, indicating a 12% increase from 45,416,902 average regular volume. The stock earlier concluded at $82.63.
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. 165,000 AMD shares were sold by insiders worth $14,261,410. 1.20% Advanced stock is owned by insiders.
The company has a $94.67B market cap with a 107.86 P/E ratio, 1.14 PEG ratio, and 2.29 beta. Their current, quick, and leverage ratio is 2.28, 1.74, and 0.10. Their 50 day rolling average is $86.05 while the 200 day is $85.96.
According to their 25th January report, their quarterly EPS was $0.52, topping the $0.47 consensus estimate by nearly $0.05. They had a 10.17% net margin with a 33.04% equity return. Their revenue was $3.24B, surpassing the $3.03B estimate.
Market Undertakings Of AMD Stock
Deutsche Bank upgraded their price objective for Advanced shares to $90 from $75 and has a rating of ‘hold’. Barclays promoted it to $120 from $115 and gave a rating of ‘overweight’. Northland Securities increased it to $84 from $75 and gave a rating of ‘market perform’. Truist raised it to $101 from $96. Piper Sandler lifted it to $110 from $100 and gave a rating of ‘overweight’. The firm has the consensus ‘buy’ recommendation with a $90 price objective.
Freestone Holdings purchased new holdings in AMD stock and own $25,000 worth of shares. Banco Santander acquired a new stake, owning $296,000 worth of shares. Quantitative Strategies purchased a position, owning $1,126,000 worth of shares. LPL Financial lifted its stake by approximately 11.6%, owning $39,876,000 worth of shares. 67.01% Advanced stock is owned by institutional investors.
