Advanced Micro Devices Inc. [AMD] Stock trading around $106.19 per share: What’s Next?

Advanced Micro Devices Inc. [NASDAQ: AMD] stock went on an upward path that rose over 3.15% on Friday, amounting to a one-week price increase of more than 15.24%. The company report on July 30, 2021 that AMD Radeon RX 6600 XT Graphics Card Sets New Standard for High-Framerate, High-Fidelity 1080p PC Gaming.

– Harnesses breakthrough AMD RDNA™ 2 gaming architecture, offering up to 15 percent higher performance on average in 1080p gaming across a range of popular titles compared to the competition –.

– Powerful blend of raytracing, compute and rasterized effects pairs with AMD FidelityFX Super Resolution upscaling technology and other advanced features to bring new levels of visual fidelity and high-framerate gaming to the mainstream –.

Over the last 12 months, AMD stock rose by 35.79%. The one-year Advanced Micro Devices Inc. stock forecast points to a potential downside of -1.48. The average equity rating for AMD stock is currently 2.30, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $124.88 billion, with 1.22 billion shares outstanding and 1.21 billion shares in the current float. Compared to the average trading volume of 43.88M shares, AMD stock reached a trading volume of 125290724 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $104.64 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.

The Benchmark Company have made an estimate for Advanced Micro Devices Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 28, 2021. While these analysts kept the previous recommendation, Susquehanna raised their target price from $125 to $130. The new note on the price target was released on July 28, 2021, representing the official price target for Advanced Micro Devices Inc. stock. Previously, the target price had yet another raise from $135 to $150, while Rosenblatt kept a Buy rating on AMD stock. On July 28, 2021, analysts increased their price target for AMD shares from 116 to 125.

The Average True Range (ATR) for Advanced Micro Devices Inc. is set at 3.77, with the Price to Sales ratio for AMD stock in the period of the last 12 months amounting to 9.36. The Price to Book ratio for the last quarter was 18.28, with the Price to Cash per share for the same quarter was set at 3.23. Price to Free Cash Flow for AMD in the course of the last twelve months was 50.66 with Quick ratio for the last quarter at 2.10.

AMD Stock Performance Analysis:

Advanced Micro Devices Inc. [AMD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.24. With this latest performance, AMD shares gained by 13.05% in over the last four-week period, additionally plugging by 24.00% over the last 6 months – not to mention a rise of 35.79% 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 79.54, with the RSI for the last a single of trading hit 85.17, and the three-weeks RSI is set at 75.10 for Advanced Micro Devices Inc. [AMD]. The present Moving Average for the last 50 days of trading for this stock 86.27, while it was recorded at 97.98 for the last single week of trading, and 85.18 for the last 200 days.

Insight into Advanced Micro Devices Inc. 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 2.10 and a Current Ratio set at 2.70.

AMD Stock EPS

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 32.44%.

Advanced Micro Devices Inc. [AMD] Insider Position Details

There are presently around $88,973 million, or 70.50% of AMD stock, in the hands of institutional investors. The top three institutional holders of AMD stocks are: VANGUARD GROUP INC with ownership of 96,958,003, which is approximately 0.477% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 87,209,935 shares of the stock with an approximate value of $9.26 billion in AMD stocks shares; and STATE STREET CORP, currently with $4.86 billion in AMD stock with ownership of nearly -1.028% of the company’s market capitalization.

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Positions in Advanced Micro Devices Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 747 institutional holders increased their position in Advanced Micro Devices Inc. [NASDAQ:AMD] by around 71,796,159 shares. Additionally, 521 investors decreased positions by around 96,837,998 shares, while 136 investors held positions by with 669,235,843 shares. The mentioned changes placed institutional holdings at 837,870,000 shares, according to the latest SEC report filing. AMD stock had 178 new institutional investments in for a total of 7,410,577 shares, while 150 institutional investors sold positions of 25,323,208 shares during the same period.

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