Analyst Sees Catalysts for Advanced Micro Devices (AMD)
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Price: $153.76 +1.33%
Rating Summary:
48 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
48 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Shares of Advanced Micro Devices, Inc. (NYSE: AMD) are down over 28 percent in the past 3 months, outpacing a sector decline of 11 percent for the related ETF (NYSE: SMH). With the recent weakness in AMD, analysts at Williams financial came out with comments today relating to the stock.
“We believe the company is very well positioned with the May and June launches of Trinity and Brazos 2.0 to gain meaningful notebook and desktop share through the second half and 2013,” stated an analyst at Williams.
“The company currently has significantly higher design win share than its current revenue share and that the gap will close over the next few quarters," noted the analyst, adding that this could provide a strong catalyst for AMD shares.
AMD is expected to benefit from its recent purchase of SeaMicro, a server fabric company with a product that strings together thousands of low power processors. As micro-servers begin to become more the ‘norm’ rather than the niche, analysts at Williams think SeaMicro and AMD will benefit.
Williams Financial Group has a Buy rating AMD.
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $5.72 yesterday.
“We believe the company is very well positioned with the May and June launches of Trinity and Brazos 2.0 to gain meaningful notebook and desktop share through the second half and 2013,” stated an analyst at Williams.
“The company currently has significantly higher design win share than its current revenue share and that the gap will close over the next few quarters," noted the analyst, adding that this could provide a strong catalyst for AMD shares.
AMD is expected to benefit from its recent purchase of SeaMicro, a server fabric company with a product that strings together thousands of low power processors. As micro-servers begin to become more the ‘norm’ rather than the niche, analysts at Williams think SeaMicro and AMD will benefit.
Williams Financial Group has a Buy rating AMD.
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $5.72 yesterday.
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