Advanced Micro Devices logged a 4.3% change during today's morning session, and is now trading at a price of $124.38 per share.
Advanced Micro Devices returned losses of -16.9% last year, with its stock price reaching a high of $227.3 and a low of $117.9. Over the same period, the stock underperformed the S&P 500 index by -41.1%. AThe company's 50-day average price was $142.64. Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. Based in Santa Clara, CA, the Large-Cap Technology company has 26,000 full time employees. Advanced Micro Devices has not offered a dividend during the last year.
Wider Gross Margins Than the Industry Average of 41.19%:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $6,475 | $6,731 | $9,763 | $16,434 | $23,601 | $22,680 |
| Gross Margins | 38% | 43% | 45% | 48% | 45% | 46% |
| Net Margins | 5% | 5% | 26% | 19% | 6% | 4% |
| Net Income (M) | $337 | $341 | $2,490 | $3,162 | $1,320 | $854 |
| Net Interest Expense (M) | $18 | $94 | $47 | $34 | -$88 | $106 |
| Depreciation & Amort. (M) | $170 | $222 | $312 | $407 | $4,174 | $1,622 |
| Diluted Shares (M) | 108 | 1,188 | 1,226 | 1,229 | 1,571 | 1,625 |
| Earnings Per Share | $0.32 | $0.3 | $2.06 | $2.57 | $1571.0 | $0.53 |
| EPS Growth | n/a | -6.25% | 586.67% | 24.76% | 61028.4% | -99.97% |
| Avg. Price | $17.21 | $29.94 | $65.62 | $101.15 | $105.33 | $123.95 |
| P/E Ratio | 50.62 | 96.58 | 31.25 | 38.75 | 0.07 | 233.87 |
| Free Cash Flow (M) | -$129 | $276 | $777 | $3,220 | $3,115 | $1,121 |
| CAPEX (M) | $163 | $217 | $294 | $301 | $450 | $546 |
| EV / EBITDA | 27.35 | 34.14 | 44.91 | 29.59 | 23.53 | 98.48 |
| Total Debt (M) | $1,386 | $486 | $330 | $2 | $4,934 | $3,434 |
| Net Debt / EBITDA | 0.5 | -1.15 | -0.75 | -0.62 | 0.02 | -0.25 |
| Current Ratio | 1.78 | 1.95 | 2.54 | 2.02 | 2.36 | 2.51 |
Advanced Micro Devices has rapidly growing revenues and increasing reinvestment in the business, generally positive cash flows, and an excellent current ratio of 2.51. The company also benefits from wider gross margins than its peer group, positive EPS growth, and healthy leverage levels.
Advanced Micro Devices's Valuation Is in Line With Its Sector Averages:
Advanced Micro Devices has a trailing twelve month P/E ratio of 126.2, compared to an average of 30.01 for the Technology sector. Based on its EPS guidance of $5.1, the company has a forward P/E ratio of 28.0. Advanced Micro Devices's PEG ratio is 6.02 on the basis of the 21.0% weighted average of the company and the broader market's EPS compound average growth rates. This suggests that the company's shares are overvalued. In contrast, the market is likely undervaluing Advanced Micro Devices in terms of its equity because its P/B ratio is 3.54 while the sector average is 3.91. The company's shares are currently trading 514.2% below their Graham number.
Advanced Micro Devices Has an Average Rating of Buy:
The 44 analysts following Advanced Micro Devices have set target prices ranging from $145.0 to $250.0 per share, for an average of $183.16 with a buy rating. The company is trading -32.1% away from its average target price, indicating that there is an analyst consensus of strong upside potential.
Advanced Micro Devices has an average amount of shares sold short because 2.8% of the company's shares are sold short. Institutions own 72.1% of the company's shares, and the insider ownership rate stands at 0.49%, suggesting a small amount of insider investors. The largest shareholder is Vanguard Group Inc, whose 9% stake in the company is worth $18,503,085,421.
