Raymond James slashes price target on Advanced Micro Devices Inc. [AMD] – find out why.

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Advanced Micro Devices Inc. [NASDAQ: AMD] surged by $1.47 during the normal trading session on Friday and reaching a high of $98.18 during the day while it closed the day at $95.34. The company report on May 5, 2022 that Update: AMD 30×25 Energy Efficiency Goal in High-Performance Computing and AI-Training.

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Advanced Micro Devices Inc. stock has also gained 11.48% of its value over the past 7 days. However, AMD stock has declined by -22.86% in the 3 months of the year. Over the past six months meanwhile, it has lost -30.66% and lost -33.75% year-on date.

The market cap for AMD stock reached $152.12 billion, with 1.21 billion shares outstanding and 1.19 billion shares in the current float. Compared to the average trading volume of 106.20M shares, AMD reached a trading volume of 144151217 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 $137.59 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.

Raymond James have made an estimate for Advanced Micro Devices Inc. shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on April 25, 2022. While these analysts kept the previous recommendation, Barclays dropped their target price from $148 to $115. The new note on the price target was released on March 31, 2022, representing the official price target for Advanced Micro Devices Inc. stock. Previously, the target price had yet another raise to $150, while Bernstein analysts kept a Outperform rating on AMD stock. On February 09, 2022, analysts increased their price target for AMD shares from 140 to 150.

The Average True Range (ATR) for Advanced Micro Devices Inc. is set at 5.32, with the Price to Sales ratio for AMD stock in the period of the last 12 months amounting to 8.06. The Price to Book ratio for the last quarter was 15.38, with the Price to Cash per share for the same quarter was set at 2.26. Price to Free Cash Flow for AMD in the course of the last twelve months was 51.32 with Quick ratio for the last quarter at 1.60.

AMD stock trade performance evaluation

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 11.48. With this latest performance, AMD shares dropped by -8.04% in over the last four-week period, additionally sinking by -30.66% over the last 6 months – not to mention a rise of 20.97% 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 48.39, with the RSI for the last a single of trading hit 52.41, and the three-weeks RSI is set at 46.40 for Advanced Micro Devices Inc. [AMD]. The present Moving Average for the last 50 days of trading for this stock 104.43, while it was recorded at 93.92 for the last single week of trading, and 117.91 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 +22.38 and a Gross Margin at +48.25. Advanced Micro Devices Inc.’s Net Margin is presently recorded at +19.24.

Return on Equity for this stock inclined to 47.43, with Return on Assets sitting at 29.58.

Advanced Micro Devices Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.00.

Earnings per share (EPS) analysis for Advanced Micro Devices Inc. [AMD] stock

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 32.80%.

Advanced Micro Devices Inc. [AMD]: Insider Ownership positions

There are presently around $113,844 million, or 54.50% of AMD stock, in the hands of institutional investors. The top three institutional holders of AMD stocks are: VANGUARD GROUP INC with ownership of 143,997,454, which is approximately -0.107% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 125,518,758 shares of the stock with an approximate value of $11.97 billion in AMD stocks shares; and STATE STREET CORP, currently with $6.43 billion in AMD stock with ownership of nearly 3.406% of the company’s market capitalization.

Positions in Advanced Micro Devices Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 1,074 institutional holders increased their position in Advanced Micro Devices Inc. [NASDAQ:AMD] by around 98,437,794 shares. Additionally, 809 investors decreased positions by around 90,840,126 shares, while 171 investors held positions by with 1,004,803,590 shares. The mentioned changes placed institutional holdings at 1,194,081,510 shares, according to the latest SEC report filing. AMD stock had 287 new institutional investments in for a total of 13,097,983 shares, while 153 institutional investors sold positions of 12,531,805 shares during the same period.