UBS Q3 Review on AMD (AMD): Three Reasons To Like The Stock
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Price: $4.05 +2.79%
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade AMD Now!
UBS maintains a 'Buy' on AMD (NYSE: AMD) price target of $6.25 (from $7.00).
Analyst, Uche Orji, said, "AMD reported 2Q sales/gross margin/opex in line with its prelim results reported 9-July but guided 3Q sales to a -1% q/q mid-point, well below Intel’s (Nasdaq: INTC) +6%, which will result in AMD losing material revenue share in 2012." (UBS lowers FY12 EPS estimate from $0.53 to $0.30 and FY13 from $0.69 to $0.50)
However, Orji maintains a 'Buy' rating and highlights three points: 1) client processors should rebound in 4Q; 2) server processors should recover in 2H; and 3) ASPs/margins should rise with the transition to AMD’s latest products.
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 $4.86 yesterday, with a 52 week range of $4.31-$8.35.
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Analyst, Uche Orji, said, "AMD reported 2Q sales/gross margin/opex in line with its prelim results reported 9-July but guided 3Q sales to a -1% q/q mid-point, well below Intel’s (Nasdaq: INTC) +6%, which will result in AMD losing material revenue share in 2012." (UBS lowers FY12 EPS estimate from $0.53 to $0.30 and FY13 from $0.69 to $0.50)
However, Orji maintains a 'Buy' rating and highlights three points: 1) client processors should rebound in 4Q; 2) server processors should recover in 2H; and 3) ASPs/margins should rise with the transition to AMD’s latest products.
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 $4.86 yesterday, with a 52 week range of $4.31-$8.35.
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