How to Buy Advanced Micro Devices Stock
Advanced Micro Devices Inc
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom.
Advanced Micro Devices stock last closed at $159.67, up 4.25% from the previous day, and has increased 63.93% in one year. It has overperformed other stocks in the Semiconductors industry by 0.14 percentage points. Advanced Micro Devices stock is currently +71.48% from its 52-week low of $93.12, and -29.75% from its 52-week high of $227.30.
At the moment, there are 1.62B shares of AMD outstanding. The market value of AMD is $258.08B. In the last 24 hours, 42.27M AMD shares were traded.
How to Buy Advanced Micro Devices Stock
Wondering how to invest in Advanced Micro Devices stock? Here's how.
- Choose where to buy Advanced Micro Devices stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you decide where to buy Advanced Micro Devices stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Pick your payment method and add your information.
- Analyze Advanced Micro Devices stock: The Advanced Micro Devices ticker symbol is AMD. Is Advanced Micro Devices stock a good investment? Should you buy shares of AMD? How do AMD's underlying business fundamentals look? Do top analysts think Advanced Micro Devices is a good buy? Why has AMD's stock price moved recently? (Hint: Our stock market analysis website can help you understand if AMD is a good stock to buy).
- Make your AMD purchase: Decide if you will purchase AMD shares at the current market price or use a limit order to purchase AMD shares at a specific price.
- Get key alerts regarding your AMD position: Create a watchlist to important notifications about your investment in Advanced Micro Devices stock.
Step 1: Choose where to buy Advanced Micro Devices stock
You will need a brokerage account in order to access the NASDAQ market and buy AMD shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal information so you are able to invest in AMD stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new brokerage account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have opened your account on the best stock app, you can securely and quickly fund your account:
Watch this video walkthrough to see the process of depositing money into your new investment account.
Step 4: Analyze Advanced Micro Devices stock
After you have figured out the best place to buy Advanced Micro Devices stock, it's absolutely critical to evaluate their stock prior to investing, so you actually wrap your head around the risk and opportunity.
Advanced Micro Devices Metrics
AMD Overview
WallStreetZen was created to help average investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on AMD's stock page.
Is AMD stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge AMD's fair value.
Using relative valuations ratios:
- AMD may be overvalued based on its P/E ratio of 231.41x, relative to Semiconductors industry P/E ratio of 67.52x
- AMD may be undervalued based on its P/B ratio of 4.59x, relative to Semiconductors industry P/B ratio of 8.53x
- AMD may be overvalued based on its PEG ratio of 1.38x
You can do more valuation research on AMD's stock here.
Is AMD a healthy company?
Passed Financial Due Diligence Checks:
- AMD has a low debt to equity ratio of 0.21.
- Total AMD debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the AMD balance sheet.
- AMD's operating cash flow of $1.70B allows it to safely service it's debt of $3.00B.
- AMD earnings of $811.00M is not sufficient to cover its interest payments.
- AMD profit margin has gone up from 1.7% to 4.9% in the past year.
- There are more short-term assets than long-term liabilities on the AMD balance sheet.
Is Advanced Micro Devices stock a Buy, Hold, or Sell, according to analysts?
Out of 28 Wall Street analysts who track AMD, the consensus analyst rating on AMD is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent AMD Analyst Recommendations
Mark Lipacis, a top 2% analyst from Evercore ISI Group maintains AMD with a buy rating and lowers their AMD price target from $200.00 to $193.00, on May 1, 2024.
John Vinh, a top 1% analyst from KeyBanc maintains AMD with a strong buy rating and lowers their AMD price target from $270.00 to $230.00, on May 1, 2024.
C J Muse, a top 2% analyst from Cantor Fitzgerald maintains AMD with a strong buy rating and lowers their AMD price target from $190.00 to $170.00, on May 1, 2024.
Vijay Rakesh, a top 1% analyst from Mizuho maintains AMD with a strong buy rating and lowers their AMD price target from $235.00 to $215.00, on May 1, 2024.
Harsh Kumar, a top 1% analyst from Piper Sandler reiterates AMD with a strong buy rating and lowers their AMD price target from $195.00 to $175.00, on May 1, 2024.
Piper Sandler's Harsh Kumar lowered their price target on Advanced Micro Devices (NASDAQ: AMD) by 10.3% from $195 to $175 on 2024/05/01. The analyst reiterated their Strong Buy rating on the stock.
AMD reported a largely in-line quarter with revenue guidance that was also in line with estimates, the analyst reported after reviewing the company's Q1 2024 earnings, reported on 2024/04/30.
That said, the "segments that matter," such as MI300 and the server business, did exceptionally well and continue to get better, Kumar said, adding that most of the headwinds are coming from the Gaming and Embedded businesses.
Gaming is currently going through a correction, while Embedded is very close to stabilizing in Q2 and should pick up in 2H 2024, the analyst detailed.
All in all, AMD is poised to continue delivering on the core businesses that investors care about, while also navigating through headwinds in its non-core pieces, Kumar concluded.
Earnings Report
For Q1 2024, Advanced Micro Devices (AMD) reported:
- EPS of $0.62, which beat the Zacks Consensus Estimate and Q1 2023 of $0.60 by 3%.
- Revenue of $5.47B, which beat the Zacks Consensus Estimate of $5.42B and, by 2%, Q1 2023’s $5.35B.
- Gross margin of 47%.
For Q2 2024, management guided:
- Revenue of $5.4B to $6B.
- Gross margin of 53%.
Chair and CEO Lisa Su commented: “We delivered strong Q1 results with our Data Center and Client segments each growing more than 80% Y/Y driven by the ramp of MI300 AI accelerator shipments and the adoption of our Ryzen and EPYC processors.
“This is an incredibly exciting time for the industry as widespread deployment of AI is driving demand for significantly more compute across a broad range of markets.
“We are executing very well as we ramp our data center business and enable AI capabilities across our product portfolio.”
You can dig deeper into what analysts are forecasting on the Advanced Micro Devices stock forecast page.
AMD Technical Indicators
How is AMD performing as a company?
Last year, AMD earnings were $1.12B. In the last five year, AMD's earnings have increased by 21.56% per year. This was slower than the Semiconductors industry average of 29.01%.
Last year, AMD revenue was $22.80B. During the past 5 year, AMD's revenue has grown by 30.17% per year. This was faster than the Semiconductors industry average of 25.45%.
Dig into AMD's earnings and revenue performance here.
Latest Insiders Trades at AMD
Over the past year, insiders at AMD have sold more shares than they have bought.
Lisa T. Su, Chair President CEO of AMD, was the latest AMD insider to sell. They sold $3,573,473.45 worth of AMD shares on May 8, 2024.
Learn more about who owns AMD shares here.
Can I rely on AMD as an income stream?
No, Advanced Micro Devices doesn't provide an income stream by paying out dividends.
What others are saying about AMD
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your AMD purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Hit the Open Trade button and your broker will execute the order.
If you want more assistance investing in stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your AMD position
Now that you own some AMD stock, you'll want to keep up with your new company.
Make a watchlist to track the most important metrics related to your AMD stock.
AMD Feed
How to Buy Stock in Advanced Micro Devices
To summarize, here are the 6 steps you need to take to buy Advanced Micro Devices stock right now:
- Choose where to buy Advanced Micro Devices stock
- Create a brokerage account
- Put funds into your brokerage account
- Analyze Advanced Micro Devices stock
- Make your AMD purchase
- Get key alerts regarding your AMD position
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your investment in Advanced Micro Devices, hit the button below to create your watchlist.
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