Nomura Securities maintains a 'Neutral' on AMD (NYSE: AMD) price target of $5.00.
Analyst, Romit Shah, said, "AMD’s new agreement with Global Foundries is positive in short-run as they will have more competitive products in the tablet and ultra-thin form factors. That said, it is coming at a steep price and does not include mainstream notebook APUs, which is a big deal...The announcement would also suggest GF’s 28nm progress is not up to expectations and that would imply that AMD could be exposed to similar manufacturing issues that we saw at 32nm...Our estimates are unchanged at $0.60 in 2012 and $0.80 in 2013."
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $7.46 yesterday, with a 52 week range of $4.31-$9.39.
Barrons, March 1, 2012
We reiterate our Sell rating and $4 price target on Advanced Micro Devices following the announcement of its purchase of SeaMicro for $334 million.
However, AMD's purchase of SeaMicro, a manufacturer of micro servers powered by Intel's Atom and Xeon processors, seems questionable to us -- it puts AMD in a position where it will potentially compete with its own customers while purchasing chips from its main adversary. SeaMicro's fabric technology is certainly impressive, and can already work with a variety of architectures and protocols, including AMD's x86 processors, and management suggested that SeaMicro products will include AMD by the end of the year -- we are skeptical, as our sense is that Intel technology is partially responsible for the appeal of SeaMicro servers. We view the data-center product cycle as one of the key thematic drivers for Intel, but our sense is that AMD's purchase of SeaMicro does not readily enable it to participate in the cloud buildout.
barrons is writing that in their opinion translated AMD just wasted a lot of money .
Seamicro with amd inside doesn't spark a lot of upside for amd .. in fact it could ruin the seamicro brand.
Nice move rory ....this guy is a real comic strip kind of hero ... lets call him the WASTER ...people trying to flee the company , with one whack he takes out about 30% of the cash ...feeds his enemy business ,fools the dummies and calls losing WINNING .. HAHAHA have to love this guy if you are short !
boys.all stocks had their pps baked in with already an s&P at doors with 1420.
AMD WE KNOW WHERE ITS ULTIMATLY HEADING,BUT NVDA is gonna get crucified if the market tanks.we are talking about a lower low from last year.
obviously for the street nvda is underdelivering with its new product.
action on nvda's pps is nothing short of disturbing.
a huge red flag flying over the green alien.
How low will AMD go with Ivy and Kepler right around the corner?
Nomura $5 sounds right to me.
Barrons $4 Dollar
so they're both right.
look out below
AMD headed your way
AMD dead cat
AMD dead cat bounce