Stock Split Watch: Is AMD Next?
Advanced Micro Devices (NASDAQ: AMD) has split its stock six times since its IPO in 1972. If you had invested $10,000 in its initial public offering (IPO) at $15 a share, your 66 shares would have been split into 18,666 shares -- which are worth about $2.24 million today.
But it's been more than 24 years since AMD's last 2-for-1 stock split on Aug. 22, 2000. On the day before it executed that split, its stock closed at $68.88 a share. The split reduced its price to $34.13, and it's rallied roughly 250% since then.
AMD hasn't hinted at another stock split, but it might make sense now that it's trading at around $120 a share. Many other major chipmakers -- including Nvidia and Broadcom -- also recently split their stocks. So should investors expect AMD to finally split its stock again in the near future?
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 113 Buy predictions and 3 Sell predictions.
With a target price of 213 € there is a slightly positive potential of 18.68% for Advanced Micro Devices Inc. compared to the current price of 179.48 €.
