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AMD's stock closes above $30 for first time in more than 12 years
Rosenblatt Securities analyst Hans Mosesmann raised his price target on Advanced Micro Devices Inc. stock to $40 from $30 on Tuesday. His heightened optimism is based on the company's faster-than-expected ramp in 7-nanometer GPUs. "AMD's pre-emptive thrust with its 7nm GPU compute offerings (ramping in 1Q18 and 1-2 quarters ahead of AMD's own 7nm-based EPYC2 CPUs), is a ramp that could mirror or improve on the current overall EPYC CPU ramp," Mosesmann wrote. "Furthermore, there is 'significant' anticipation of AMD's EPYC2 next year as a trigger for broader based adoption by the industry." Mosesmann's $40 target on AMD makes him the most bullish analyst tracked by FactSet. The stock is down 0.8% in Tuesday morning trading. AMD shares are up 138% over the past 12 months, while the S&P 500 has gained 16%.
Advanced Micro Devices Inc. is gaining share in CPUs, Susquehanna Financial Group analyst Chris Rolland wrote Monday. His latest look at industry trends found that the company is picking up share in desktops and laptops, as Ryzen Mobile is showing "signs of life." Rolland wrote that "most data points for AMD were constructive" in his recent analysis. While he deemed AMD's success a negative for Intel Corp. , he also said that Intel's mix "remains strong" as average average selling prices on the desktop side rose 4% quarter-over-quarter. He has a neutral rating on AMD's stock and a positive rating on Intel's stock. AMD shares are up 2.2% in Monday morning trading, while Intel's stock is little changed. Shares of AMD have soared 129% over the past 12 months, compared with a 17% rise for the S&P 500 and a 25% gain for the PHLX Semiconductor Index .
Shares of Advanced Micro Devices Inc. slumped 1.8% in morning trade Thursday, pulling back from a 12-year closing high in the previous session. The selloff comes after the chip maker announced a new Zen-based Athlon desktop processor, with Radeon Vega graphics, that have been optimized for PC users. The stock, which closed Wednesday at the highest level since June 2006, had soared 43% over the past month--it shot up 11.5% on Tuesday--following a blowout earnings report in July endeared the company with Wall Street analysts and sent bears scrambling. The stock has run up 79% over the past three months, while the PHLX Semiconductor Index has lost 4.4% and the S&P 500 has gained 3.9%.
Shares of Advanced Micro Devices Inc. dropped 2.4% in very active morning trade Wednesday, as it suffered a 10% swing intraday swing lower, to pull back from a 12-year high. The chip maker's stock was up as much as 6.7% at an intraday high of $29.94, the highest price seen since June 5, 2006, before reversing to be down as much as 4.3%, before bouncing slightly. Volume topped 85 million shares within the first 45 minutes after the open, enough to make it the most actively traded stock on major U.S. exchanges, and already close to the full-day average of 105.6 million shares. On Tuesday, the stock had rocketed 11.5% on volume of 192.5 million shares, the biggest one-day gain since May 16, 2017 after two analysts raised their price targets. The stock has soared 166% year to date, while the PHLX Semiconductor Index has gained 12% and the S&P 500 has tacked on 7.9%.
Shares of Advanced Micro Devices Inc. are up 1.4% in premarket trading Tuesday after Cowen & Co. analyst Matthew Ramsay raised his price target on the stock to $30 from $25. He sees "a tough setup for the bear thesis" given that the company has either overcome or moved past a number of expected obstacles, including declining cryptocurrency contributions and Nvidia Corp.'s Turning GPU announcement. Ramsay also sees room for potential share gains with Epyc and Ryzen amid recent commentary from Intel Corp. about its delayed 10-nanometer roadmap. He wrote that there's upside potential for AMD here, though some of these dynamics are more priced into the stock now than they were six months ago. AMD shares have gained 91% over the past 12 months, while the S&P 500 s: spx] has climbed 17% and the PHLX Semiconductor Index has risen 25%.
AMD stock price target raised to $29 from $20 at CFRA
AMD's stock falls 1.9%, extends pullback from Monday's 12-yr. closing high
Advanced Micro Devices Inc.'s stock slipped 0.8% in premarket trade Wednesday, after MKM Partners analyst Ruben Roy raised his fair value estimate on the chipmaker by 48%, although the target remained well below current levels, and reiterated his neutral rating. Roy said PC and data center end market trends remain strong, and admittedly, his estimates did not reflect AMD's new product momentum. He raised his stock fair value estimate to $20, which is 20% below Tuesday's closing price of $25.05, from $13.50. "We believe that the overall demand environment across data center end markets will remain strong over the next several quarters," Roy wrote in a note to clients, but said he believes the stock's current market valuation reflects new product momentum. The stock has more than doubled year to date through Tuesday (up 143.7%), while the PHLX Semiconductor Index has rallied 12.0% and the S&P 500 has gained 8.4%.
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Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the Computing and Graphics; and Enterprise, Embedded and Semi-Custom segments. The Computing and Graphics segment includes desktop and notebook processors and chipsets, and discrete and integrated graphics processing units. The Enterprise, Embedded and Semi-Custom segment comprises of server and embedded processors, semi-custom systems-on-chips products, development services, technology for game consoles and licensing portions of its intellectual property portfolio. The company was founded by W. J. Sanders III on May 1, 1969 and is headquartered in Santa Clara, CA. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Intel Corp. | $213.49B | |
Microchip Technology Inc. | $19.79B | |
NVIDIA Corp. | $167.04B | |
Texas Instruments Inc. | $105.31B | |
HP Inc. | $39.01B |