For its third fiscal quarter (ending September 30), Advanced Micro Devices Inc (NASDAQ: AMD) has reported a 167% increase in E.P.S. from $0.18 a year ago to $0.48 in the current quarter. For the latest four quarters through September 30, E.P.S. were $1.13 versus $0.13 for the same period a year ago — an increase of 769%.
Recent Price Action
Advanced Micro Devices Inc (NASDAQ: AMD) stock enjoyed a large increase of 4.0% on 10/29/24. The stock closed at $166.25. Moreover, unusually high trading volume at 195% of normal accompanied the advance. The stock has risen 5.3% during the last week but has been weak relative to the market over the last nine months.
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 C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Advanced Micro Devices has a slightly positive Appreciation Score of 60 but a slightly negative Power Rating of 35, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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