Nasdaq AMD

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In recent trading, shares of Advanced Micro Devices Inc (Symbol: AMD) have crossed above the average analyst 12-month target price of $56.57, changing hands for $57.26/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downg

In recent trading, shares of Advanced Micro Devices Inc (Symbol: AMD) have crossed above the average analyst 12-month target price of $56.57, changing hands for $57.26/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downg

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Over the last few years, Advanced Micro Devices (AMD) has been a veritable gain machine. The huge market strides have come hand in hand with a bigger slice of market share, too. AMD has edged ever closer to rivals Nvidia and Intel and has steadily eaten away at the traditionally larger players’ dominance of the GPU and CPU markets, respectively.

However, Goldman Sachs analyst Toshiya Hari sounds a note of caution for the near-term, based both on the elevated share price, and concerns regarding a “potentially weaker PC market environment” in 2H20.

Although Hari nudged his CY20 revenue estimate for AMD slightly upwards from $8.548 billion to $8.553 billion, he reduced the EPS estimate for the same period from $0.88 to $0.85, reflecting a 2.8% change to the downside.

That’s not to say Hari has any issues with the overall health of AMD’s business. The 5-star analyst expects AMD to continue performing well, and said, “We view the company’s improving 1) competitive position in client/server CPU, 2) profitability, and 3) cash flow and balance sheet, positively. We also note that better wafer supply at TSMC, following trade restrictions on Huawei, could support upside for AMD.”

Nevertheless, Hari refrains from suggesting investors pull the trigger on AMD shares, as the analyst recommends a Neutral rating “primarily due to limited potential upside.” Indeed, his $50 price target implies shares could drop by 13% from current levels. (To watch Hari’s track record, click here)

Looking ahead, Hari’s key points to focus on - which could impact his rating in the future - include “1) better/weaker than expected PC end-demand, 2) rate of adoption of AMD-based solutions in the server space, 3) changes in the competitive dynamics vis-a-vis Intel, 4) execution on product/technology roadmap, and 5) margin execution.”

Several of Hari’s fellow analysts also stay on the sidelines, although not enough of them to quell a Moderate Buy consensus rating - based on 12 Buys and 9 Holds. With a $57.36 average price target, the Street sees the stock staying range-bound for now. (See AMD stock analysis on TipRanks)

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

Over the last few years, Advanced Micro Devices (AMD) has been a veritable gain machine. The huge market strides have come hand in hand with a bigger slice of market share, too. AMD has edged ever closer to rivals Nvidia and Intel and has steadily eaten away at the traditionally larger players’ dominance of the GPU and CPU markets, respectively.

However, Goldman Sachs analyst Toshiya Hari sounds a note of caution for the near-term, based both on the elevated share price, and concerns regarding a “potentially weaker PC market environment” in 2H20.

Although Hari nudged his CY20 revenue estimate for AMD slightly upwards from $8.548 billion to $8.553 billion, he reduced the EPS estimate for the same period from $0.88 to $0.85, reflecting a 2.8% change to the downside.

That’s not to say Hari has any issues with the overall health of AMD’s business. The 5-star analyst expects AMD to continue performing well, and said, “We view the company’s improving 1) competitive position in client/server CPU, 2) profitability, and 3) cash flow and balance sheet, positively. We also note that better wafer supply at TSMC, following trade restrictions on Huawei, could support upside for AMD.”

Nevertheless, Hari refrains from suggesting investors pull the trigger on AMD shares, as the analyst recommends a Neutral rating “primarily due to limited potential upside.” Indeed, his $50 price target implies shares could drop by 13% from current levels. (To watch Hari’s track record, click here)

Looking ahead, Hari’s key points to focus on - which could impact his rating in the future - include “1) better/weaker than expected PC end-demand, 2) rate of adoption of AMD-based solutions in the server space, 3) changes in the competitive dynamics vis-a-vis Intel, 4) execution on product/technology roadmap, and 5) margin execution.”

Several of Hari’s fellow analysts also stay on the sidelines, although not enough of them to quell a Moderate Buy consensus rating - based on 12 Buys and 9 Holds. With a $57.36 average price target, the Street sees the stock staying range-bound for now. (See AMD stock analysis on TipRanks)

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

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

What happened Shares of semiconductor company Advanced Micro Devices (NASDAQ: AMD) were trading a little higher on Thursday after Bank of America encouraged investors by reiterating its buy rating for the company. The stock finished the day up 7%.

What happened Shares of semiconductor company Advanced Micro Devices (NASDAQ: AMD) were trading a little higher on Thursday after Bank of America encouraged investors by reiterating its buy rating for the company. The stock finished the day up 7%.

Looking at the sectors faring best as of midday Thursday, shares of Technology & Communications companies are outperforming other sectors, higher by 0.4%. Within that group, F5 Networks, Inc. (Symbol: FFIV) and Advanced Micro Devices Inc (Symbol: AMD) are two of the day's

Looking at the sectors faring best as of midday Thursday, shares of Technology & Communications companies are outperforming other sectors, higher by 0.4%. Within that group, F5 Networks, Inc. (Symbol: FFIV) and Advanced Micro Devices Inc (Symbol: AMD) are two of the day's

A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".

A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".

Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options begin trading today, for the August 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AMD options chain for the new August 28th contracts and identified one put a

Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options begin trading today, for the August 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AMD options chain for the new August 28th contracts and identified one put a

What happened Shares of Advanced Micro Devices (NASDAQ: AMD) rose 14.7% during the first half of 2020, according to data from S&P Global Market Intelligence. The semiconductor designer continued its strong multiyear run, as it continued to bring the smallest leading-edge chi

What happened Shares of Advanced Micro Devices (NASDAQ: AMD) rose 14.7% during the first half of 2020, according to data from S&P Global Market Intelligence. The semiconductor designer continued its strong multiyear run, as it continued to bring the smallest leading-edge chi

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips