32.32 -0.25 (-0.77%)
After hours: 7:21PM EDT
|Bid||32.38 x 1400|
|Ask||32.39 x 1200|
|Day's Range||32.19 - 33.60|
|52 Week Range||9.04 - 34.14|
|PE Ratio (TTM)||112.70|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.22|
Advanced Micro Devices (AMD) closed the most recent trading day at $32.57, moving -0.12% from the previous trading session.
Intel stocked dipped 2% Tuesday following a research note that cautioned manufacturing technology issues will dog the chip maker.
Advanced Micro Devices (AMD) has been benefiting from Intel’s (INTC) downturn. Intel began 2018 with the revelation of chip design flaws Spectre and Meltdown, which affected it more than AMD. Following that discovery, Intel delayed the launch of its 10nm (nanometer) node to the holiday season of 2019.
Advanced Micro Devices (AMD) has been a long-time underdog in relation to market leader Intel (INTC). However, times are changing, and the underdog is emerging as a strong competitor that can gain market share from the market leader.
Semiconductor stocks are being hurt in the short term, but if you take a long-term view, you have the chance to outperform benchmark indexes.
KeyBanc analyst Weston Twigg on Tuesday initiated coverage on 10 popular semiconductor stocks and downgraded another, but his across-the-board Sector Perform ratings suggest he’s not particularly confident in semis at the moment. “We're constructive on the long-term trajectory of the industry as new demand drivers emerge,” Twigg said. Twigg said semi companies with larger scale will likely be able to navigate the current environment best by investing in acquisitions and research.
The production of TSMC (TSM), Apple’s (AAPL) sole foundry, was affected for four days due to a computer virus outbreak. This could probably be one of the reasons for a one-month delay in the launch of iPhone XR. DigiTimes, citing Apple supply chain sources, stated that shipments of new iPhones are expected to hit 70 million to 75 million units by the end of 2018, its highest since the iPhone 6 launch in 2014.
KeyBanc Capital Markets analyst Weston Twigg initiated coverage of Advanced Micro Devices Inc. with a sector weight rating Tuesday, writing that he's bullish on the company but worries about high expectations on Wall Street. "We fear that the Street is expecting more rapid share gains than the Company is likely to achieve given 12-plus month qualification times for some server chips, and we're concerned that any moderate downtick to near-term expectations could add substantial risk to the stock after the recent run," Twigg wrote. AMD shares are up 2.5% in Tuesday morning trading, following a 5% gain in Monday's session. The stock has gained 164% over the past 12 months, as the S&P 500 has gained 17%.
U.S. stock futures are trading broadly higher this morning. Wall Street has once again pushed trade-war fears to the back burner in favor of U.S. economic data. Today, we get reports on July home prices and September consumer confidence.
Shares of Intel Corp. are down 1.1% in premarket trading Tuesday after Raymond James analyst Chris Caso downgraded the stock to underperform from market perform due to "a number of headwinds mounting against the company, set to impact longer-term growth expectations and profitability." He said that his meetings show more optimism for Intel competitors than in past years. "Intel's well documented CPU shortage persists through the September quarter," Caso wrote. "Some PC OEMs have shifted volume to Advanced Micro Devices Inc. as a result." He is more downbeat on the semiconductor sector in general, and he downgraded shares of Analog Devices Inc. , Microchip Technology Inc. , and ON Semiconductor Corp. to market perform from outperform on Tuesday as well. Intel shares are up 26% over the past 12 months, while the Dow Jones Industrial Average has gained 19%.
Investors need to pay close attention to Advanced Micro Devices (AMD) stock based on the movements in the options market lately.
Headed into Tuesday’s trading, stock charts of IHS Markit (NASDAQ:INFO), Prologis (NYSE:PLD) and Macy’s (NYSE:M) are the most compelling prospects simply because they appear to be doing their own thing and are un-swayed by the erratic market. IHS Markit shares aren’t past the proverbial point of no return yet, but with Monday’s 1.7% setback in the rearview mirror, the stock’s just one bad day away from starting to unravel. Click to Enlarge • One of the key make-or-break lines is $54.16, where IHS Markit made a low again on Monday, matching Wednesday’s low.
Shares of Advanced Micro Devices Inc. broke a five-day losing streak on Monday, rising 5% after an RBC Capital Markets analyst initiated coverage of the stock with a bullish rating.
Analyst Mark Lipacis, who rates the Santa Clara-based semiconductor manufacturer at buy, attributed his upbeat outlook on Intel Corp.'s ( INTC) struggle to ramp up production for its next-generation 10-nanometer processor.
Warning! GuruFocus has detected 3 Warning Sign with AMD. This massive spike in stock price is oddly not uncommon to AMD. This represents an astonishing swing of over 90% in the stock price in only a matter of a few years.
U.S. stock futures are trading broadly lower this morning. Fresh tariffs in the U.S./China trade war hit today, and Wall Street is eyeing this week’s Federal Open Market Committee (FOMC) meeting.
Check out the companies making headlines before the bell: Comcast CMCSA – The NBCUniversal and CNBC parent won the bidding for British broadcaster Sky in a weekend auction, beat 21st Century Fox FOXA with a $38.
Intel's INTC stock has taken a bit of a beating in recent months, while Advanced Micro Devices' AMD share price has skyrocketed. The primary issue is that Intel's first 10-nanometer server products, code-named Ice Lake, won't hit the market until early 2020. Consequently, the market has assumed that AMD's 7-nanometer Epyc server central processing unit, code-named Rome and set for a 2019 launch, will be immediately superior to Intel's offerings at the time of launch.
Advanced Micro Devices (NASDAQ:AMD) has been one of those stocks. While its turnaround is real, the bulk of the 200%+ rally AMD stock has dished out since mid-April was rooted in hype rather than results. Afraid of not making a bold call on a red-hot stock, a couple of newcomers have served up head-turning price target increases and upgrades.
A day after Stifel raised its price target for AMD by 80 percent, Lipacis echoed the argument that AMD has a major window of opportunity in the near-term thanks to missteps by rival Intel Corporation (NASDAQ: INTC).
Shares of Advanced Micro Devices Inc. are up 0.8% in premarket trading Friday after Jefferies analyst Mark Lipacis raised his price target on the stock to $36 from $30. He maintained a buy rating. Lipacis cited a report from Fubon Research that said Intel Corp. would undersupply the market through the middle of next year. The report "leaves us with higher conviction that AMD will report improving revenue, pricing and margins near term, and that is positioned to take share in the high-end PC MPU and server market long term," Lipacis wrote. He also said that AMD seems to be "creating a foothold in the higher end commercial desktop and server markets." The stock is up 133% over the past 12 months, while the S&P 500 has gained 17%.
The Dow Jones Industrial Average gained 0.95 percent to close at 26,656.98, while the S&P 500 Index hiked 0.78 percent to close at 2,930.75. The Nasdaq Composite Index increased 0.98 percent to close at 8,028.23. Advanced Micro Devices' stock moved 0.1% lower Thursday, to close the day at $31.18.