Nasdaq AMD

Shares of Cirrus Logic, Inc. CRUS have gained 16.3% compared with the industry’s growth of 13.9% in the past three months. Solid demand for audio and haptic solutions is a major tailwind. In the past few years, it has unveiled a plethora of new products related to mid-tie

Apple (NASDAQ: AAPL) is the world's largest company, with a market capitalization of $2.83 trillion, which is not surprising considering the impressive upside the stock has delivered over the past decade.

(RTTNews) - Samsung said that it has begun mass production of its first mobile processor with AMD RDNA 2 Xclipse graphics architecture. The mobile processor "Exynos 2200" has been redesigned to support the latest image sensors for ultra-high resolution of up to 200 megapixel or M

Do You Have These Top Gaming Stocks On Your Watchlist? Gaming stocks have not seen the same level of momentum in the stock market as they did at the early stages of the pandemic. After all, with the reopening of the economy, people have more entertainment choices. That said,

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.

Infosys INFY is currently one of the top-performing stocks in the technology sector. The stock’s price rally highlights the company’s robust fundamentals. Therefore, if you haven’t taken advantage of the share-price appreciation yet, it’s time you add the stock to your po

Intel's (NASDAQ: INTC) latest turnaround efforts have caught Wall Street's attention, as the fallen chip giant is showing signs that it could deliver on its promise of regaining lost market share from rivals that have pulled ahead on the technology front in recent years.

I am bullish on Advanced Micro Devices (AMD) as it has a strong competitive position, a promising long-term growth runway, and reasonable valuation multiples relative to the company’s trading history.

On top of that, Wall Street analysts are quite bullish on the stock and the average price target implies decent upside over the next year.

Advanced Micro Devices is one of the leading semiconductor manufacturers in the world. It specializes in computing, graphics, and the manufacturing of embedded processors.

AMD provides x86 microprocessors for desktop computers under various names including the recent Ryzen series and AMD FX brand. AMD also offers discrete GPUs for both desktops and notebooks under the AMD Radeon graphics brand.

AMD grew from a dozen of employees with modest beginnings to a giant in the high-performing computing segment, with aims to solve some of the most interesting challenges of the world.

Strengths

AMD continues to register year-on-year growth due to strong investor confidence. For this reason, its stock has been described as "red hot," and continues to sharply increase in value.

Its only significant competition is Intel in making CPUs and Nvidia in the market for graphic processing units for PCs, data centers, and gaming consoles. There are very few competitors in this market, making AMD an obvious choice for many clients (home users and enterprises).

AMD has managed to take the market share from Intel in CPUs for notebooks and servers. However, it lost ground for processors in the PC segment. Its stock has a best-possible IBD composite rating of 99.

Recent Results

AMD earned $4.3 billion for the third quarter of 2021 with an operating income of $948 million and a net income of $923.

The revenue increased by 54% year-over-year and 12% quarter-over-quarter. The gross margin increased by 48%, over 400 basis points. The quarter-over-quarter increases were mostly driven by Ryzen and Radeon processor sales.

Valuation Metrics

AMD stock looks reasonably priced at the moment. Its EV/EBITDA ratio is slightly elevated relative to its history at 31.9 times compared to its historical average of 29.3 times.

Furthermore, its P/E ratio is 42.2 times which looks cheap compared to its historic average of 67.9 times.

Analysts expect the company to see revenue, EBITDA, and normalized earnings-per-share growth in 2022 of 18.8%, 17.7%, and 26.2%, respectively.

Wall Street’s Take

According to Wall Street analysts, AMD earns a Moderate Buy analyst consensus based on 16 Buy, nine Hold, and zero Sell ratings in the past three months. Additionally, the average AMD price target of $145.05 puts the upside potential at 7.4%.

Summary and Conclusions

Advanced Micro Devices is a leading player in high-tech, high-growth space. The company has generated strong results lately, and appears poised to continue growing rapidly in 2022 and beyond.

On top of that, Wall Street analysts are quite bullish on the stock and the average price target implies decent upside over the next year. Moreover, the valuation multiples appear reasonable relative to historic levels and growth potential.

Download the TipRanks mobile app now  

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.  

Read full Disclaimer & Disclosure 

Semtech Corporation SMTC is leaving no stone unturned to strengthen LoRa technological solutions.

Semtech Corporation SMTC is leaving no stone unturned to strengthen LoRa technological solutions.

NCR Corporation NCR recently concluded the previously announced buyout of the Miami-based LibertyX, a leading cryptocurrency solution provider. The company acquired the privately-held business for an undisclosed amount. The deal includes LibertyX’s cryptocurrency remittan

NCR Corporation NCR recently concluded the previously announced buyout of the Miami-based LibertyX, a leading cryptocurrency solution provider. The company acquired the privately-held business for an undisclosed amount. The deal includes LibertyX’s cryptocurrency remittan

NCR Corporation NCR recently concluded the previously announced buyout of the Miami-based LibertyX, a leading cryptocurrency solution provider. The company acquired the privately-held business for an undisclosed amount. The deal includes LibertyX’s cryptocurrency remittan

NCR Corporation NCR recently concluded the previously announced buyout of the Miami-based LibertyX, a leading cryptocurrency solution provider. The company acquired the privately-held business for an undisclosed amount. The deal includes LibertyX’s cryptocurrency remittan

Most investor attention in the graphics computing niche goes to Nvidia. But its key competitor, Advanced Micro Devices (NASDAQ: AMD), is also worth considering as a stock buy today.

Upstart UPST recently entered into a partnership with AgFed Credit Union, allowing AgFed to provide personal loans and better reach new customers in communities it serves.The agreement with Upstart will enable AgFed to expand its reach and serve more eligible members nati

Microsoft MSFT recently hired key Apple AAPL engineer Mike Filippo to accelerate the process of creating homegrown chips and reduce the dependency on third-party providers. Filippo has worked with Apple for two years.Microsoft has been working on developing in-house proce

Hewlett Packard Enterprise’s HPE Aruba recently announced that one of the largest privately-held construction firms in the United States — Brasfield & Gorrie — is standardizing on its end-to-end Software Defined (“SD”)-Branch network.

Logitech International SA LOGI recently announced the launch of a premium streaming light with TrueSoft technology — Litra Glow — under its Logitech For Creators brand. The company stated that the Litra Glow video and streaming light has been professionally designed to co

Waters Corporation WAT recently introduced a new application named MS Quan on the waters_connect informatics software platform.The application includes an Exception Focused Review feature that reduces up to 50% review time, as users only focus on those results that are ou