Nomura Securities Maintains a 'Neutral' on AMD (AMD); Cutting PT & Estimates
Tweet Send to a FriendGet Alerts AMD Hot Sheet
Price: $4.01 --0%
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Trade AMD Now!
Nomura Securities maintains a 'Neutral' on AMD (NYSE: AMD) price target of $5.00 (from $6.00).
Analyst, Romit Shah, said, "AMD guides Q3 revenue to -1% versus our estimate of +5% q/q on increased desktop inventory (total up 42% q/q) and weak China and Western Europe. Gross margin will decline 150bps due to lower sales and increasing pressure on ASPs, according to company guidance. AMD indicated that demand trends were significantly lower (flat to up 2%) versus a seasonal growth of high-single digit. Our estimates change from 1.4b/$0.07 to 1.4b/$0.06 in Q3, 6.0b/$0.36 to 5.9b/$0.24 in CY12, and 6.6b/$0.60 to 6.2b/$0.40 in CY13."
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Romit Shah, said, "AMD guides Q3 revenue to -1% versus our estimate of +5% q/q on increased desktop inventory (total up 42% q/q) and weak China and Western Europe. Gross margin will decline 150bps due to lower sales and increasing pressure on ASPs, according to company guidance. AMD indicated that demand trends were significantly lower (flat to up 2%) versus a seasonal growth of high-single digit. Our estimates change from 1.4b/$0.07 to 1.4b/$0.06 in Q3, 6.0b/$0.36 to 5.9b/$0.24 in CY12, and 6.6b/$0.60 to 6.2b/$0.40 in CY13."
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1
- Wedbush Expects Positive Results from Insmed (INSM) ARIKAC Trial
- MKM Partners Lifts PT on KB Home (KBH) After Management Meetings
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Nomura
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
