Skip to main content

Nasdaq AMD

2 Stocks Under $120 You Can Buy and Hold Forever

4 years 7 months ago
It is no secret that the U.S. equity market has been very jittery in 2022. With the market remaining highly volatile due to sticky inflation and expectations of rising interest rates in the U.S., and increasing geopolitical tensions associated with the Russia and Ukraine crisis,
The Motley Fool

4 Semiconductor Stocks With Huge Potential Not Named AMD or Nvidia

4 years 7 months ago
There are numerous companies inside the semiconductor industry. Some provide equipment to build chips, others manufacture the chips, and some design the chips to create the technology we use today. Today's video focuses on ASML Holdings (NASDAQ: ASML), Applied Materials (NASDAQ:
The Motley Fool

Why Now Could Be the Best Time to Buy Nvidia in Over a Year

4 years 7 months ago
Nvidia (NASDAQ: NVDA) has been one of the hottest stocks on Wall Street over the past few years. Before the recent sell-off, it was up over 1,200% over the last five years and nearly 750% over the past three. But the stock has been hammered recently and has given up some of those
The Motley Fool

Noteworthy Wednesday Option Activity: SCHN, AMD, LMND

4 years 7 months ago
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Schnitzer Steel Industries Inc (Symbol: SCHN), where a total volume of 1,415 contracts has been traded thus far today, a contract volume which is representative
BNK Invest

3 Smartest Tech Stocks To Buy in 2022 and Beyond

4 years 7 months ago
Many tech stocks tumbled over the past several months as inflation, rising interest rates, and other macro headwinds sparked a rotation toward more conservative investments. But over the long term, selling top tech stocks too early can be far more costly than withstanding a few t
The Motley Fool

10 Billion Reasons to Buy Intel Stock

4 years 7 months ago
Intel's (NASDAQ: INTC) 2022 investors meeting, which was held on Feb. 17, provided a lot of insight into the chip giant's plans in different areas of its business. But it was the accelerated computing systems and graphics business that revealed the company's plans to take the fig
The Motley Fool

Why Advanced Micro Devices Fell Hard on Tuesday

4 years 7 months ago
What happened Advanced Micro Devices (NASDAQ: AMD) fell hard on Tuesday, down about 7% as of this writing, much greater than the overall market's decline today. There was no material news out of the company on Tuesday, so the problem likely had to do with macroeconomic factors.
The Motley Fool

How Can Investors Cope With Market Volatility

4 years 7 months ago
Investors have seen stocks setting records (both good and bad) as volatility seems like it's becoming the norm. It's important to remember how much better investing can be when we focus on the long term. Motley Fool analysts Jason Moser and Emily Flippen share some perspective on
The Motley Fool

What Does AMD’s Buyback Mean for Its Stock

4 years 7 months ago

Investors love a bit of share buyback action, and Advanced Micro Devices (AMD) has been partaking in plenty of it recently.

Last week, the chip giant disclosed it had authorized a new $8 billion share repurchase program which comes hot on the heels of last May’s $4 billion authorization – for which the company has already purchased $3 billion worth of shares over the last 4 quarters.

“Overall,” said Deutsche Bank’s Ross Seymore, “We believe the expansion of AMD's share repurchase program reflects the company’s continued confidence in its cash generation capabilities and commitment to shareholder returns while still investing for strong revenue growth.”

More than that, however, Seymore thinks the repurchase program is timed to coincide with the Xilinx acquisition. Given the all-stock deal structure, the share count is expected to increase by around 35%, so taking a chunk of shares off the market will help “offset the significant share count dilution.”

It will also help make the EPS accretion the company guided for in the first year of the deal more palatable to Seymore; he had previously thought it was a bit of reach. “The addition of this large buyback program brings us closer to EPS neutrality (albeit still slightly dilutive),” said the analyst. Ultimately, Seymore has reduced the EPS forecast for 2022 from $4.15 to $4.05.

That said, Seymore also notes that should either company’s fundamentals improve, or if cost synergies “come in higher” than the original $300 million guidance, there could be “room for upside” to that figure.

The 5-star analyst summed up, “We look forward to seeing realization of the benefits of this transaction over time (AMD penetration into new markets, incremental opportunities for revenue/cost synergies, etc.) with more detail likely to come on the company's 1Q22 earnings call as well as its June Analyst Day.”

For now, Seymore stays on the sidelines with a Hold rating, while his $140 price target suggests room for 13.5% growth over the coming year. (To watch Seymore’s track record, click here)

7 of Seymore’s colleagues join him on the sidelines but with 15 other Buys, the analyst consensus rates this stock a Moderate Buy. The average target stands at $154.28, implying one-year share gains of ~25%. (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.

TipRanks

Why Intel Is My Top Stock To Buy Right Now

4 years 7 months ago
Shares of Intel (NASDAQ: INTC) have underperformed the broader stock market by a big margin over the past three years thanks to the loss of its manufacturing lead to rival foundries, but the company's long-term guidance indicates that a turnaround may be in the cards.
The Motley Fool

3 Top Gaming Stocks to Buy in February

4 years 7 months ago
The video gaming industry received a huge shot in the arm during the early days of the coronavirus pandemic as people stuck inside their homes kept themselves entertained.
The Motley Fool

2 Stocks That I Am Keeping My Eyes on During This Correction

4 years 7 months ago
Advanced Micro Devices (NASDAQ: AMD) continues to grow in the data center market and has recently increased its data center solution after acquiring Xilinx. Unity Software (NYSE: U) continues to benefit in gaming and non-gaming markets. Today's video focuses on bullish points for
The Motley Fool
Checked
32 minutes 38 seconds ago
This feed is responsible for generating the rss feed related to the topic AMD
Subscribe to Nasdaq AMD feed