why Advanced Micro Devices Inc. [AMD] is a Good Choice for Investors After New Price Target of $91.01

Advanced Micro Devices Inc. [NASDAQ: AMD] traded at a high on 01/20/23, posting a 3.49 gain after which it closed the day’ session at $70.07. The company report on January 19, 2023 that AMD Adaptive Computing Technology Enables Next-Generation DENSO LiDAR System, Delivering 20X Improvement in Resolution.


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The results of the trading session contributed to over 47564667 shares changing hands. Over the past one week, the price volatility of Advanced Micro Devices Inc. stands at 3.14% while the volatility over the past one month is 3.85%.

The market cap for AMD stock reached $109.17 billion, with 1.61 billion shares outstanding and 1.61 billion shares in the current float. Compared to the average trading volume of 66.04M shares, AMD reached a trading volume of 47564667 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $91.01 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 2.00. 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.

Credit Suisse have made an estimate for Advanced Micro Devices Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 16, 2022. While these analysts kept the previous recommendation, UBS raised their target price from $75 to $95. The new note on the price target was released on November 14, 2022, representing the official price target for Advanced Micro Devices Inc. stock. Previously, the target price had yet another raise from $65 to $100, while Robert W. Baird kept a Outperform rating on AMD stock. On October 31, 2022, analysts decreased their price target for AMD shares from 80 to 60.

The Average True Range (ATR) for Advanced Micro Devices Inc. is set at 2.83, with the Price to Sales ratio for AMD stock in the period of the last 12 months amounting to 4.78. The Price to Book ratio for the last quarter was 2.07, with the Price to Cash per share for the same quarter was set at 3.59. Price to Free Cash Flow for AMD in the course of the last twelve months was 32.03 with Quick ratio for the last quarter at 1.70.

How has AMD stock performed recently?

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 -1.03. With this latest performance, AMD shares gained by 8.48% in over the last four-week period, additionally sinking by -23.08% over the last 6 months – not to mention a drop of -45.37% 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 55.17, with the RSI for the last a single of trading hit 57.54, and the three-weeks RSI is set at 53.32 for Advanced Micro Devices Inc. [AMD]. The present Moving Average for the last 50 days of trading for this stock 69.38, while it was recorded at 70.18 for the last single week of trading, and 80.37 for the last 200 days.

Advanced Micro Devices Inc. [AMD]: Deeper insight into the 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 1.70 and a Current Ratio set at 2.20.

Earnings analysis for Advanced Micro Devices Inc. [AMD]

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 14.30%.

Insider trade positions for Advanced Micro Devices Inc. [AMD]

There are presently around $76,484 million, or 70.70% of AMD stock, in the hands of institutional investors. The top three institutional holders of AMD stocks are: VANGUARD GROUP INC with ownership of 134,531,861, which is approximately 0.663% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 117,687,865 shares of the stock with an approximate value of $8.25 billion in AMD stocks shares; and STATE STREET CORP, currently with $4.62 billion in AMD stock with ownership of nearly 1.195% of the company’s market capitalization.

Positions in Advanced Micro Devices Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 839 institutional holders increased their position in Advanced Micro Devices Inc. [NASDAQ:AMD] by around 103,602,110 shares. Additionally, 804 investors decreased positions by around 64,723,948 shares, while 186 investors held positions by with 923,216,047 shares. The mentioned changes placed institutional holdings at 1,091,542,105 shares, according to the latest SEC report filing. AMD stock had 133 new institutional investments in for a total of 33,662,162 shares, while 181 institutional investors sold positions of 7,745,261 shares during the same period.

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