Advanced micro devices incorporation, commonly known as AMD is a multinational semiconductor company founded in 1969 in California, United States. As a semiconductor company, AMD specializes in developing computer processors and other related technologies for business and consumer markets.
What is AMD’s Stock Split History?
Since 2014, AMD has had two recorded stock splits, though there have been reports that two more splits happened in 1980 and 1982. The first stock split occurred in 1983 and this was a 2-for-1 split. That means for every AMD share owned, shareholders had 2 shares after the break. Then later in 2000, the company went through another 2-for-1 stock split. Below is a table that shows AMD’s stock split history adjective as per the compound annual growth rate:
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Why did AMD Split Stock?
For years AMD has operated in a fast-paced and highly profitable industry but despite being a strong performer in the last couple of years, AMD has a weak long-term performance. To improve this situation, companies often opt for splitting stocks where the shareholder would own more than what they previously owned. This reduces the price of the stock and a low-priced stock is bound to attract more investors.
What will be the effect of a stock split on AMD?
The split of stocks automatically leads to more volume of stocks available for trade. This stock also has a lower price which is bound to attract investors. While the market capitalization remains the same, the increased share trade due to low prices helps improve the company’s performance. A successful stock split helps companies like AMD get financially stronger.
FAQs
What was the highest price of AMD stock?
On June 7th, 2023, AMD’s stock was priced at $117.83 but stock price reached an all-time high on November 29, 2021, when their share was priced at $161.91.
Is AMD a buy, sell or hold?
Despite AMD’s fluctuating performance throughout the years, they received a consensus rating of Buy which could be because of the nature of the industry they operate in.
Where will AMD stock be in 5 years?
Stock performance depends on many outside factors such as demand and supply and other financial matters but analysts have estimated that AMD’s stock can be traded between $200 and $250 in the next five years.
Who owns AMD?
AMD is owned by The Vanguard Group Inc but The Vanguard Group is a top shareholder in many companies that have a stack in AMD.
Conclusion
AMD is a well-established company and has been around for many years. Over the years they have been unfortunate with their performance and financial matters yet they have the chance to turn around if things go well.
