Advanced Micro Devices (AMD) Dips More Than Broader Market: What You Should Know

21.06.24 23:45 Uhr

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Advanced Micro Devices (AMD) closed the latest trading day at $161.23, indicating a -0.34% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.16%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq depreciated by 0.18%.Shares of the chipmaker have appreciated by 0.84% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.77% and the S&P 500's gain of 3.15%.Market participants will be closely following the financial results of Advanced Micro Devices in its upcoming release. The company's upcoming EPS is projected at $0.66, signifying a 13.79% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $5.71 billion, reflecting a 6.54% rise from the equivalent quarter last year.In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.41 per share and a revenue of $25.29 billion, indicating changes of +28.68% and +11.51%, respectively, from the former year.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Advanced Micro Devices. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.17% lower. Advanced Micro Devices is currently a Zacks Rank #3 (Hold).In terms of valuation, Advanced Micro Devices is presently being traded at a Forward P/E ratio of 47.44. Its industry sports an average Forward P/E of 40.07, so one might conclude that Advanced Micro Devices is trading at a premium comparatively.We can also see that AMD currently has a PEG ratio of 1.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AMD's industry had an average PEG ratio of 2.91 as of yesterday's close.The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 168, finds itself in the bottom 34% echelons of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow AMD in the coming trading sessions, be sure to utilize Zacks.com.Buy 5 Stocks BEFORE Election DayBiden or Trump? Zacks is releasing a FREE Special Report, Profit from the 2024 Presidential Election (no matter who wins).Since 1950, presidential election years have been strong for the market. This report names 5 timely stocks to ride the wave of electoral excitement.They include a medical manufacturer that gained +11,000% in the last 15 years… a rental company absolutely crushing its sector… an energy powerhouse planning to grow its already large dividend by 25%... an aerospace and defense standout that just landed a potentially $80 billion contract… and a giant chipmaker building huge plants in the U.S. Don’t Wait. Download FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu AMD (Advanced Micro Devices) Inc.

Analysen zu AMD (Advanced Micro Devices) Inc.

DatumRatingAnalyst
27.02.2024AMD (Advanced Micro Devices) Market-PerformBernstein Research
31.01.2024AMD (Advanced Micro Devices) BuyUBS AG
02.11.2022AMD (Advanced Micro Devices) NeutralUBS AG
22.02.2022AMD (Advanced Micro Devices) OutperformBernstein Research
02.02.2022AMD (Advanced Micro Devices) OverweightBarclays Capital
DatumRatingAnalyst
31.01.2024AMD (Advanced Micro Devices) BuyUBS AG
22.02.2022AMD (Advanced Micro Devices) OutperformBernstein Research
02.02.2022AMD (Advanced Micro Devices) OverweightBarclays Capital
02.02.2022AMD (Advanced Micro Devices) Conviction Buy ListGoldman Sachs Group Inc.
12.08.2019AMD (Advanced Micro Devices) OutperformCowen and Company, LLC
DatumRatingAnalyst
27.02.2024AMD (Advanced Micro Devices) Market-PerformBernstein Research
02.11.2022AMD (Advanced Micro Devices) NeutralUBS AG
02.02.2022AMD (Advanced Micro Devices) NeutralJP Morgan Chase & Co.
01.08.2019AMD (Advanced Micro Devices) HoldThe Benchmark Company
31.07.2019AMD (Advanced Micro Devices) HoldCraig Hallum
DatumRatingAnalyst
18.07.2017AMD (Advanced Micro Devices) UnderweightBarclays Capital
07.07.2015AMD SellUBS AG
23.08.2012Advanced Micro Devices (AMD) underperformMacquarie Research
23.07.2012Advanced Micro Devices (AMD) underperformMacquarie Research
11.07.2012Advanced Micro Devices (AMD) sellGoldman Sachs Group Inc.

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