Advanced Micro Devices Inc. (NASDAQ:AMD) traded at a new 52-week high today of $110.52. Approximately 13.8 million shares have changed hands today, as compared to an average 30-day volume of 52.4 million shares.
In the past 52 weeks, Advanced Micro Devices Inc. share prices are bracketed by a low of $72.50 and a high of $110.52 and is now at $109.30, 51% above that low price.
Advanced Micro Devices designs microprocessors for the computer and consumer electronics industries. The majority of the firm’s sales are in the personal computer and data center markets via CPUs and GPUs. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. AMD acquired graphics processor and chipset maker ATI in 2006 in an effort to improve its positioning in the PC food chain. In 2009, the firm spun out its manufacturing operations to form the foundry GlobalFoundries. In 2020, the firm agreed to acquire FPGA-leader Xilinx to diversify its business and augment its opportunities in key end markets such as the data center.
Based on a current price of $109.30, Advanced Micro Devices Inc. is currently 27.4% above its average consensus analyst price target of $79.31.
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