Nasdaq AMD

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Stocks soared at the open Tuesday after Russian President Vladimir Putin said Moscow had begun to withdraw some troops from the Ukrainian border – raising hopes that military conflict between the two countries might yet be avoided.

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Do You Have These Semiconductor Stocks On Your Watchlist?Semiconductor stocks have been on the radar of many investors in the stock market over the past couple of years. After all, companies within the industry have seen an exponential increase in revenue during the pandemic as d

Volatility has been rampant on Wall Street in 2022, but it hasn't all been directed to the downside. Tuesday's big move higher stemmed from more positive news on the geopolitical front, overwhelming further troubling news on inflation that could weigh on longer-term prospects for

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

The semiconductor industry is booming despite the coronavirus pandemic-induced global chip shortage. This is evident from the robust performance of the industry in 2021.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, February 15th:

Stock Market Today Mid-Morning UpdatesOn Tuesday, the Dow Jones Industrial Average opened higher by 400 points. This comes after Russia appears to be withdrawing some of its military, signaling that it is backing away from an immediate invasion of Ukraine. The stock market has be

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For Immediate ReleaseChicago, IL – February 15, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured

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InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

With the necessary approvals now in place, the Advanced Micro Devices (AMD)/Xilinx deal will most likely close this week. However, Raymond James’ Chris Caso notes that due to AMD’s continued success since the deal’s announcement, its consummation comes with a price.

“At the time the deal was announced in October 2020, AMD expected the transaction to be immediately accretive to EPS, margins, and cash flow,” noted the 5-star analyst. “Since then, however, AMD earnings have grown at a significantly greater rate than Xilinx’s earnings. Therefore, as compared to October 2020, our analysis now shows that the dilution from core AMD earnings (which will be divided by a higher share count following the deal) exceeds the accretion from adding Xilinx earnings (which has grown at a slower rate vs. AMD).”

As such, bringing Xilinx under the fold will be “accretive” to margins and cash flow, but non-GAAP EPS will take a hit. Assuming there are hardly any near-term cost synergies, 2022 earnings will see dilution of roughly $0.43 (around 11%), and once synergies are captured in 2023, there will be $0.39 of annual EPS dilution (about 8%).

Although this differs from expectations at the time of the deal’s announcement, it does little to alter the big picture and ultimately shows the pace at which AMD is growing.

As such, Caso considers the issue a “very minor factor in his AMD thesis, and much less impactful than the dynamic of share gains and fundamental growth in their datacenter segment.” Over the next several years, the analyst expects the company to keep on delivering “impressive share gains,” based on a strong roadmap and the “technology lead” the company now has over Intel.

So, it’s a vote of confidence from Caso, who maintains an Outperform (i.e., Buy) rating on AMD, and backs its up with a $160 price target. Should his thesis prove correct, investors are looking at one-year returns of 38%. (To watch Caso’s track record, click here)

What does the rest of the Street make of AMD’s prospects? Based on 14 Buys vs. 9 Holds, the stock boasts a Moderate Buy consensus rating. The average price target comes in just under Caso’s objective; at $156.95, the figure suggests share appreciation of ~35% in the year ahead. (See AMD stock analysis on TipRanks)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.