HSBC Securities lifts Advanced Micro Devices Inc. [AMD] price estimate. Who else is bullish?

Advanced Micro Devices Inc. [NASDAQ: AMD] gained 5.82% or 3.41 points to close at $62.01 with a heavy trading volume of 78033977 shares. The company report on October 24, 2022 that AMD to Unveil Next Generation EPYC Processors During “together we advance_data centers” Event.

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It opened the trading session at $59.10, the shares rose to $62.35 and dropped to $58.92, the range by which the price of stock traded the whole day. The daily chart for AMD points out that the company has recorded -27.49% loss over the past six months. However, it is still -13.63% lower than its most recent low trading price.

If we look at the average trading volume of 83.76M shares, AMD reached to a volume of 78033977 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $98.52 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 2.10. 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.

HSBC Securities have made an estimate for Advanced Micro Devices Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 24, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $90 to $85. The new note on the price target was released on October 07, 2022, representing the official price target for Advanced Micro Devices Inc. stock. Previously, the target price had yet another drop from $107 to $70, while Truist kept a Hold rating on AMD stock. On October 07, 2022, analysts decreased their price target for AMD shares from 135 to 95.

The Average True Range (ATR) for Advanced Micro Devices Inc. is set at 3.47, with the Price to Sales ratio for AMD stock in the period of the last 12 months amounting to 4.38. The Price to Book ratio for the last quarter was 1.82, with the Price to Cash per share for the same quarter was set at 3.93. Price to Free Cash Flow for AMD in the course of the last twelve months was 28.41 with Quick ratio for the last quarter at 2.00.

Trading performance analysis for AMD stock

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 5.42. With this latest performance, AMD shares dropped by -3.32% in over the last four-week period, additionally sinking by -27.49% over the last 6 months – not to mention a drop of -48.82% 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 46.43, with the RSI for the last a single of trading hit 54.37, and the three-weeks RSI is set at 42.64 for Advanced Micro Devices Inc. [AMD]. The present Moving Average for the last 50 days of trading for this stock 72.08, while it was recorded at 60.10 for the last single week of trading, and 93.78 for the last 200 days.

Advanced Micro Devices Inc. [AMD]: A deeper dive into fundamental analysis

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 2.00 and a Current Ratio set at 2.40.

Advanced Micro Devices Inc. [AMD]: An earnings per share (EPS) analysis

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 25.46%.

An analysis of insider ownership at Advanced Micro Devices Inc. [AMD]

There are presently around $66,166 million, or 68.40% of AMD stock, in the hands of institutional investors. The top three institutional holders of AMD stocks are: VANGUARD GROUP INC with ownership of 133,645,149, which is approximately 0.09% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 116,372,092 shares of the stock with an approximate value of $7.22 billion in AMD stocks shares; and STATE STREET CORP, currently with $4.04 billion in AMD stock with ownership of nearly -0.7% of the company’s market capitalization.

Positions in Advanced Micro Devices Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 913 institutional holders increased their position in Advanced Micro Devices Inc. [NASDAQ:AMD] by around 74,043,185 shares. Additionally, 829 investors decreased positions by around 81,944,611 shares, while 169 investors held positions by with 911,034,650 shares. The mentioned changes placed institutional holdings at 1,067,022,446 shares, according to the latest SEC report filing. AMD stock had 137 new institutional investments in for a total of 20,029,359 shares, while 224 institutional investors sold positions of 14,993,914 shares during the same period.


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