Advanced Micro Devices Inc. [NASDAQ: AMD] surged by $0.92 during the normal trading session on Friday and reaching a high of $79.5718 during the day while it closed the day at $78.81. The company report on April 28, 2021 that AMD Reports First Quarter 2021 Financial Results.
— Revenue grew 93 percent while net income and EPS tripled year-over-year —.
AMD (NASDAQ:AMD) announced revenue for the first quarter of 2021 of $3.45 billion, operating income of $662 million, net income of $555 million and diluted earnings per share of $0.45. On a non-GAAP* basis, operating income was $762 million, net income was $642 million and diluted earnings per share was $0.52.
Advanced Micro Devices Inc. stock has also loss -3.44% of its value over the past 7 days. However, AMD stock has declined by -10.34% in the 3 months of the year. Over the past six months meanwhile, it has lost -3.12% and lost -14.07% year-on date.
The market cap for AMD stock reached $98.44 billion, with 1.21 billion shares outstanding and 1.20 billion shares in the current float. Compared to the average trading volume of 44.63M shares, AMD reached a trading volume of 36915296 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Advanced Micro Devices Inc. [AMD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMD shares is $105.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMD stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Summit Insights have made an estimate for Advanced Micro Devices Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 28, 2021. While these analysts kept the previous recommendation, Raymond James raised their target price to Outperform. The new note on the price target was released on April 15, 2021, representing the official price target for Advanced Micro Devices Inc. stock. Previously, the target price had yet another raise from $84 to $96, while Northland Capital kept a Outperform rating on AMD stock. On January 27, 2021, analysts increased their price target for AMD shares from 110 to 120.
The Average True Range (ATR) for Advanced Micro Devices Inc. is set at 2.61, with the Price to Sales ratio for AMD stock in the period of the last 12 months amounting to 8.62. The Price to Book ratio for the last quarter was 14.76, with the Price to Cash per share for the same quarter was set at 2.49. Price to Free Cash Flow for AMD in the course of the last twelve months was 56.94 with Quick ratio for the last quarter at 1.90.
AMD stock trade performance evaluation
Advanced Micro Devices Inc. [AMD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.44. With this latest performance, AMD shares dropped by -5.45% in over the last four-week period, additionally sinking by -3.12% over the last 6 months – not to mention a rise of 51.70% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMD stock in for the last two-week period is set at 44.93, with the RSI for the last a single of trading hit 42.45, and the three-weeks RSI is set at 45.91 for Advanced Micro Devices Inc. [AMD]. The present Moving Average for the last 50 days of trading for this stock 80.41, while it was recorded at 78.34 for the last single week of trading, and 84.05 for the last 200 days.
Advanced Micro Devices Inc. [AMD]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Advanced Micro Devices Inc. [AMD] shares currently have an operating margin of +14.02 and a Gross Margin at +44.53. Advanced Micro Devices Inc.’s Net Margin is presently recorded at +25.50.
Return on Total Capital for AMD is now 27.48, given the latest momentum, and Return on Invested Capital for the company is 50.40. Return on Equity for this stock inclined to 57.48, with Return on Assets sitting at 33.22. When it comes to the capital structure of this company, Advanced Micro Devices Inc. [AMD] has a Total Debt to Total Equity ratio set at 9.80. Additionally, AMD Total Debt to Total Capital is recorded at 8.92, with Total Debt to Total Assets ending up at 6.38. Long-Term Debt to Equity for the company is recorded at 9.10, with the Long-Term Debt to Total Capital now at 8.29.
Reflecting on the efficiency of the workforce at the company, Advanced Micro Devices Inc. [AMD] managed to generate an average of $197,619 per employee. Receivables Turnover for the company is 4.96 with a Total Asset Turnover recorded at a value of 1.30.Advanced Micro Devices Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.50.
Earnings per share (EPS) analysis for Advanced Micro Devices Inc. [AMD] stock
With the latest financial reports released by the company, Advanced Micro Devices Inc. posted 0.18/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Advanced Micro Devices Inc. go to 28.25%.
Advanced Micro Devices Inc. [AMD]: Insider Ownership positions
There are presently around $67,824 million, or 77.40% of AMD stock, in the hands of institutional investors. The top three institutional holders of AMD stocks are: VANGUARD GROUP INC with ownership of 96,497,569, which is approximately 0.696% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 87,209,935 shares of the stock with an approximate value of $6.79 billion in AMD stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $4.28 billion in AMD stock with ownership of nearly -0.972% of the company’s market capitalization.
Positions in Advanced Micro Devices Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 806 institutional holders increased their position in Advanced Micro Devices Inc. [NASDAQ:AMD] by around 98,323,716 shares. Additionally, 443 investors decreased positions by around 47,490,565 shares, while 113 investors held positions by with 724,949,063 shares. The mentioned changes placed institutional holdings at 870,763,344 shares, according to the latest SEC report filing. AMD stock had 222 new institutional investments in for a total of 18,134,646 shares, while 119 institutional investors sold positions of 6,845,999 shares during the same period.