Advanced Micro Devices Inc (NASDAQ: AMD) has reported E.P.S. of $0.16 for its second fiscal quarter (ending June 30) versus $0.02 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $0.83 compared to $-0.02 a year ago.
Recent Price Action
On 7/30/24, Advanced Micro Devices Inc (NASDAQ: AMD) stock declined slightly by -0.9%, closing at $138.44. Moreover, trading volume in this decline was above average at 125% of normal. Relative to the market the stock has been strong over the last nine months but has declined -11.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, AMD is expected to continue to be an important Value Builder.
Advanced Micro Devices has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Advanced Micro Devices has a slightly positive Appreciation Score of 64 and a good Power Rating of 82, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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