|Bid||25.380 x 1100|
|Ask||25.390 x 800|
|Day's Range||24.090 - 25.640|
|52 Week Range||9.040 - 34.140|
|Beta (3Y Monthly)||4.06|
|PE Ratio (TTM)||86.28|
|Earnings Date||Oct 24, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||26.02|
October Has Been Weak for AMD Stock: What's Ahead? Advanced Micro Devices (AMD) is leveraging Intel’s (INTC) headwinds and strong demand environment to gain share in the PC and server CPU (central processing unit) market. AMD witnessed similar growth back in the first quarter of 2016 when its CPU market share was close to that of Intel.
After years of silence, Advanced Micro Devices (AMD) stock gained momentum in 2016. Growth came as AMD started gaining market share in the PC and server CPU (central processing unit) and GPU (graphics processing unit) markets from Intel (INTC) and Nvidia (NVDA). AMD’s growth spree was affected by the recent stock market sell-off on October 10, triggered by the Federal Reserve’s interest rate hike.
Advanced Micro Devices (AMD) operates in an oligopoly market, where one’s loss is another’s gain as other companies compete for market share.
Here are some of the companies with shares expected to trade actively in Monday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Semiconductor (SMH) stock Advanced Micro Devices (AMD) fell 11.1% on October 19 to close trading at $23.66. New Street Research analyst Pierre Ferragu has a 12-month price target of $18 for AMD. Ferragu stated, “AMD’s stock price reflects a scenario we don’t believe possible.
Now that shares of Advanced Micro Devices Inc. have fallen back to earth slightly, investors get the opportunity to decide whether the current trade war climate had impinged upon the chip maker’s ability to capitalize of the misfortunes of its competitors.
CALGARY , Oct. 22, 2018 /CNW/ - Acceleware Ltd. (AXE.V) ("Acceleware" or the "Company") is pleased to announce it has signed an agreement (the "Agreement") with a Canadian affiliate of Advanced Micro Devices, Inc. (AMD) ("AMD"). Over the next four months, Acceleware will receive cash compensation of US$2.51 million from AMD in exchange for custom software engineering resources and consulting services. Acceleware has amassed extensive parallel computing software development expertise and GPU accelerated HPC applications knowledge as a result of its numerous software products and the provision of custom software development services to the oil and gas industry. As part of the Agreement, the Company's custom software development team will transition to a new AMD site in Calgary , expanding AMD's existing footprint in Canada .
Stock futures: It's still a market correction, and more top stocks undercut their 50-day line last week, including Apple, AMD and Boeing.
Buffett often uses a measure called look-through earnings to value the company. The trick: include the earnings of companies in its $200 billion equity holdings.
CNBC's Jim Cramer prepares for what he thinks may be the "toughest" earnings week yet. The upcoming week of earnings reports may be the "toughest of all," CNBC's Jim Cramer warned after Friday's trading produced "the most treacherous up day" he'd seen in years. "We have more blowups in high-growth stocks, more disappointment in tech, more sadness in health care, and they're offset by just a fantastic pair of rallies in Procter & Gamble and PayPal ," the "Mad Money" host said.
Shares of Advanced Micro Devices Inc. tumbled 7.3% in afternoon trade, enough to pace the decliners in the semiconductor sector, after bearish note on the company from New Street Research and recent downbeat reports on the sector. On Friday, New Street analyst Pierre Ferragu initiated coverage of AMD with a sell rating and stock price target of $18, which was 27% below current levels, saying he sees a "hard stop" in momentum around the corner. "Our detailed review of AMD's architecture and actual needs of the server and PC markets, combined with our analysis of competitive dynamics between Intel and AMD nevertheless suggest the party might be over soon," Ferragu wrote in a note to clients. AMD's stock was the biggest decliner in the PHLX Semiconductor Index , which fell 1.3% with 25 of 30 components losing ground. AMD's stock has plunged 20% so far this month, while the SOX has lost 11% and the S&P 500 has slipped 5.1%. Morgan Stanley said in a note Thursday that it expects broad-based lowered fourth-quarter guidance when chip makers report third-quarter results, driven by "pronounced weakness" in autos and a slowing in industrial. Goldman Sachs said Thursday it expects a cyclical correction in the sector amid weaker data points in the industrial end markets.
The big question with semiconductor stocks at the moment is simple. The gains in chip stocks starting in early 2016 came in part due to a belief that they weren’t. On Thursday, Goldman Sachs gave its opinion, and, with one key exception, it was mostly bearish.
Intel (INTC) has been improving its profits by investing in areas that either grow fast such as modems and memory or have high ASPs (average selling prices) such as server CPUs (central processing units). While Intel stock remains low, its profits are increasing, thus improving its overall efficiency ratio. A company’s RoE (return on equity) shows the net profit it can generate from shareholder equity in a particular time period.
Intel’s (INTC) strong fundamentals and lower stock price could make it an attractive stock for long-term investors who search for cheap stocks with strong growth potential. A stock’s valuation is determined by measuring a stock’s current trading price against fundamentals such as revenue and EPS. On October 12, Intel had a PS ratio of 3.27x, which is lower than Advanced Micro Devices’ (AMD) and Nvidia’s (NVDA) ratios of 4.0x and 12.6x, respectively. Analysts expect Intel’s sales to rise 10.8% YoY (year-over-year) in 2018.
Advanced Micro Devices (AMD) third-quarter 2018 results are likely to benefit from portfolio strength and rapid adoption of its processors in PC, gaming and data center industries.
Stock futures. It's still a stock market correction, so stay in cash. Apple, AMD, UnitedHealth, TJX are among the few top stocks holding up. Breakouts aren't happening.
Advanced Micro Devices Inc. ( AMD) stock already has fallen into a bear market, down 22% from its intraday high last month. The stock faces massive volatility in the coming weeks as options traders anticipate 20% gains - or declines - in the stock by the middle of November. Options trades indicate huge uncertainty about which way the stock will go. The long straddle options strategy for expiration on November 16 suggests that the stock could rise or fall by 20% from the $26 strike price.
In the previous part of this series, we saw that Intel (INTC) stock has been on a downtrend. US tariffs on Chinese (FXI) imports, CPU (central processing unit) supply constraints, delays in 10 nm (nanometer) products, competition from Advanced Micro Devices (AMD), and the departure of its CEO could significantly impact Intel’s earnings. Despite these headwinds, Intel raised its 2018 revenue guidance from $67.5 billion to $69.5 billion in its second-quarter earnings call. Its upcoming third-quarter earnings on October 25 could shed some light on the financial impact of these headwinds.
Amid the broader market selloff in October, NVIDIA Corporation (NASDAQ:NVDA), has also come under pressure. Despite NVDA price falling from the $290’s to the $240’s level, investors would be better off waiting a few more weeks before they invest in NVDA stock. A darling among investors over the past few years, Nvidia stock gets a lot of attention among the chip stocks.
This year has been an undeniably good one for Advanced Micro Devices (NASDAQ:AMD) shareholders. The AMD stock price is up 165% year-to-date, and seems to be dealing with recent headwinds relatively well. Although the turnaround is real, the market’s valuation of AMD stock has been exceedingly generous.
All things considered, it could have been worse. The S&P 500 could have closed at Wednesday’s low of 2,781.81, logging a 1% loss for the session, quelling any hopes for a rebound built on Monday’s big bounce. But the market snapped back at mid-day, closing the gap to a loss of only 0.03% yesterday.
The stock market has been volatile in October. Intel (INTC) and Nvidia (NVDA) stocks fell below their 200-day moving averages in the latest stock market sell-off, which was triggered by the Fed’s interest rate hike. On October 11, Intel’s traded volume was 43 million, which is well above its three-month average daily volume of 24.75 million.