|Bid||31.14 x 900|
|Ask||31.16 x 1800|
|Day's Range||30.91 - 32.42|
|52 Week Range||9.04 - 34.14|
|PE Ratio (TTM)||107.34|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.98|
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.
Intel (NASDAQ:INTC) has faced a year of struggle. A major security threat and an unexpected change in management at the top have weighed on Intel stock this year. As a result, the INTC stock price has seen little change from where it traded at the beginning of the year.
Trade-sensitive industrial stocks led the Dow Jones Industrial Average to a record closing high on Thursday, the last of Wall Street's main indexes to fully regain ground since a correction that began ...
Darden Restaurants led the S&P 500, and Caterpillar topped the Dow early Thursday as investors digested the latest trade war news out of China.
In a note to clients on Wednesday, Stifel analyst Kevin Cassidy hiked his 12-month price target on shares of AMD by over 80%, from $21 to $38, as reported by CNBC. Cassidy, who rates AMD at buy, echoes sentiment on the Street indicating that AMD is gaining ground against long-time chip industry leader Intel Corp. ( INTC), which has delayed the production of its next-gen 10-nanometer processor. Cassidy expects new products to improve the Santa Clara, Calif-based company's gross profit margins for at least the next four quarters.
There’s a perfect storm brewing in the CPU market for Advanced Micro Devices, Inc. (NASDAQ: AMD ), according to Stifel, and the firm is raising its expectations for the chipmaker's market share and earnings ...
Advanced Micro Devices (NASDAQ:AMD) is a momentum stock for the ages. Since carving out a low of $9.04 on April 4, AMD stock has risen an astronomic 254%. While still a far cry from the insanity of Tilray (NASDAQ:TLRY) stock’s rocket ship ride, Advanced Micro Devices deserves your attention.
U.S. stock index futures pointed to a higher opening on Thursday, extending a bounce since the latest blows in the U.S.-China trade spat this week on the back of a recovery for technology stocks. The tech-heavy Nasdaq, which has gained the most of Wall Street's three big indexes this year despite the trade hiccups, ended the session slightly lower on Wednesday but showed signs of a higher opening. Among components of the FAANG group of stocks, Netflix inched up 0.8 percent in premarket trading, after ending the session lower on Wednesday.
Stifel increases its price target to $38 from $21 for AMD shares, citing strong demand for its new products. "We believe AMD shares deserve a higher P/S valuation due to expanding GM [gross profit margin] driven by traction across the company's new products, management's solid execution and delayed competitive response from Intel," the firm's analyst Kevin Cassidy says. Stifel is getting more bullish on AMD AMD shares because of the chipmaker's rising profit margins and market share gains.
Market darling Advanced Micro Devices (NASDAQ:AMD) gave up 2.3% of its value as traders started to second-guess the viability of the recent rally. Rather, stock charts of Weyerhaeuser (NYSE:WY), Invesco (NYSE:IVZ) and KLA-Tencor (NASDAQ:KLAC) are serving up the more reliable setups headed into Thursday’s session. If the name Weyerhaeuser rings a bell, there’s a reason.
Shares of Advanced Micro Devices Inc. rallied 2% in premarket trade Thursday, after Stifel Nicolaus analyst Kevin Cassidy raised his price target by 81% to $38 from $21, citing increased optimism regarding market share gains. Cassidy's target, which is 22% above Wednesday's closing price of $31.21, is now the third highest among the 31 analysts surveyed by FactSet; FBN Securities and Rosenblatt Securities both have $40 price targets. Cassidy said that since he upgraded AMD to buy in April, management has continued their "stellar performance" of executing to plan. He said the 7-nanometer EPYC server chip is sampling to customers, which is expected to generate revenue beginning in the second-half of 2019. "Meanwhile, Intel not only hasn't had a competitive response but is likely struggling to meet demand," Cassidy wrote in a note to clients. "This opens the door for continued market share gains by AMD, in our view." AMD's stock has tripled year to date (up 203.6%), while Intel shares are little changed and the S&P 500 has gained 8.8%.
The Zacks Analyst Blog Highlights: Advanced Micro Devices, Intel, Cisco, Hewlett Packard Enterprise and NVIDIA
Shares of Micron (MU) dipped 0.60% during regular trading hours Wednesday, one day before the firm is set to release its fourth-quarter financial results. So, let's see what investors should expect from the recently-struggling semiconductor company's Q4 earnings results.
Some of the most popular tech stocks in the market have performed relatively poorly so far this week. Without major news driving the tech sector lower, some of the stocks may simply be the victim of sector ...
TheStreet's Brian Sozzi thinks that he has it all figured out. Tilray shares spiked another 50% on Wednesday's session following a bullish interview by CEO Brendan Kennedy on "Mad Money," hosted by TheStreet's founder Jim Cramer. "This industry [cannabis] is disrupting the pharmaceutical industry, cannabis is a threat to prescription-based painkillers, primarily opiods," explained Kennedy in an interview with TheStreet on the day of its July IPO.
have fallen steadily over the past five sessions, there is reason to believe in the stock, according to a Morgan Stanley note. Analyst Joseph Moore's bullish outlook still suggests a downside for the stock, which was declining 2.3% to $31.20 on Wednesday, September 19. new 10 nm CPU is more disruptive than many in the industry realize, leaving an opening for AMD and rival Taiwan Semiconductor Manufacturing Co.