Home Stock Earnings The Attractiveness of Investing In Advanced Micro Devices Inc. (AMD) is Growing

The Attractiveness of Investing In Advanced Micro Devices Inc. (AMD) is Growing

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The Attractiveness of Investing In Advanced Micro Devices Inc. (AMD) is Growing

Advanced Micro Devices Inc.’s recent filing unveils that its EVP & CSO GRASBY PAUL DARREN unloaded Company’s shares for reported $0.6 million on Oct 12. In the deal valued at $57.45 per share,10,425 shares were sold. As a result of this transaction, GRASBY PAUL DARREN now holds 130,028 shares worth roughly $ 8.2 million.


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Then, Bergman Rick sold 3,000 shares, generating $277,170 in total proceeds. Upon selling the shares at $92.39, the EVP, Computing & Graphics now owns 161,232 shares.

Before that, Su Lisa T sold 125,000 shares. Advanced Micro Devices Inc. shares valued at $12,502,500 were divested by the Chairman, President & CEO at a price of $100.02 per share. As a result of the transaction, Su Lisa T now holds 2,926,985 shares, worth roughly $184.63 million.

Northland Capital downgraded its Advanced Micro Devices Inc. [AMD] rating to a Market perform from a an Outperform in a research note published on Monday, October 31, 2022; the price target was decreased to $60 from $80. PT values the company’s stock at a premium of -5.13 to its Monday closing price. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in late October with a ‘”a Hold”‘ rating. Wells Fargo also remained covering AMD and reiterated its “an Overweight” recommendation on October 07, 2022. Truist maintained its rating on October 07, 2022. It rated AMD as “a Hold”.

Price Performance Review of AMD

On Monday, Advanced Micro Devices Inc. [NASDAQ:AMD] saw its stock jump 1.43% to $63.08. On the same session, the stock had its day’s lowest price of $61.40, but rose to a high of $63.53. Over the last five days, the stock has gained 5.03%. Advanced Micro Devices Inc. shares have fallen nearly -56.16% since the year began. Nevertheless, the stocks have fallen -53.73% over the past one year. While a 52-week high of $164.46 was reached on 01/04/22, a 52-week low of $54.57 was recorded on 10/13/22. SMA at 50 days reached $68.11, while 200 days put it at $91.74. A total of 62.62 million shares were traded, compared to the trading of 22.51 million shares in the previous session.

Levels Of Support And Resistance For AMD Stock

The 24-hour chart illustrates a support level at 61.81, which if violated will result in even more drops to 60.54. On the upside, there is a resistance level at 63.94. A further resistance level may holdings at 64.80. The Relative Strength Index (RSI) on the 14-day chart is 51.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.34%. Stochastics %K at 74.01% indicates the stock is a holding.

How much short interest is there in Advanced Micro Devices Inc.?

A steep rise in short interest was recorded in Advanced Micro Devices Inc. stocks on Jul 14, 2022, dropping by -6.3 million shares to a total of 34.94 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 41.24 million shares. There was a decline of -18.03%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.17% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.39.

Advanced Micro Devices Inc. [AMD] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 127,003,816 shares, or roughly 7.87% of the outstanding AMD shares. In other words, the investor’s shares have risen by 102,064 from its previous 13-F filing of 126901752.0. Additionally, BlackRock Fund Advisors decreased -0.34% of its stake after which the total value it holdings stand at $4,837,990,418, while SSgA Funds Management, Inc. reduced -0.70% of its stake to hold $4.13 billion in the firm. Over the last quarter, T. Rowe Price Associates, Inc. purchased 316,285 shares of Advanced Micro Devices Inc., while Fidelity Management & Research Co bought 2,474,730 shares. At present, Geode Capital Management LLC is holding 28,305,180 shares valued at $1.79 billion. JPMorgan Investment Management, I owned 25,712,765 shares of the company at the time of its most recent 13F filing, worth $1.63 billion.

According to FactSet, Advanced Micro Devices Inc.’s share price will average $89.45 in the next year, based on opinions of analysts polled by the firm. This is up nearly 36.68 percent from its previous closing price of $62.19. Analysts expect Advanced Micro Devices Inc. stock to reach the higher price of $200.00, while the lowest price estimate is $60.00. However, 44 analysts have rated AMD stock as an Overweight in their predictions for 2022. The most recent change occurred on October 07, 2022 when The Benchmark Company resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $95.

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