After 5 1/2 Years, AMD (AMD) In No Longer a 'Sell' at Goldman
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Price: $4.07 -0.49%
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade AMD Now!
After more than 5 1/2 years being on Goldman Sachs' Sell List, the firm upgraded AMD (NYSE: AMD) from Sell to Neutral today.
While off its Sell list, Goldman is far from positive. The gist of their upgrade lies in the fact that the shares have pulled back significantly and their very negative view of its 2H12 results is now shared by the Street. They simply don't see a near-term catalyst for an additional decline.
Goldman said their Neutral rating is "tactical" and they still see Intel (Nasdaq: INTC) as being better positioned than AMD in the high-end.
"We believe that with the consensus negative view of AMD’s 2H12 results and no near-term catalyst, the stock could be flat or up over the next six months."
Investors may begin to evaluate the potential value in graphics and the firm believes AMD's discrete graphics business could be worth $1-$2. AMD has also successfully restructured its debt burden and has no major maturities until 2015, Goldman notes.
Goldman cut their 12-month price target to $3.50 from $4.
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 $3.45 yesterday, with a 52 week range of $3.43-$8.35.
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While off its Sell list, Goldman is far from positive. The gist of their upgrade lies in the fact that the shares have pulled back significantly and their very negative view of its 2H12 results is now shared by the Street. They simply don't see a near-term catalyst for an additional decline.
Goldman said their Neutral rating is "tactical" and they still see Intel (Nasdaq: INTC) as being better positioned than AMD in the high-end.
"We believe that with the consensus negative view of AMD’s 2H12 results and no near-term catalyst, the stock could be flat or up over the next six months."
Investors may begin to evaluate the potential value in graphics and the firm believes AMD's discrete graphics business could be worth $1-$2. AMD has also successfully restructured its debt burden and has no major maturities until 2015, Goldman notes.
Goldman cut their 12-month price target to $3.50 from $4.
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 $3.45 yesterday, with a 52 week range of $3.43-$8.35.
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Intel's Tactics Mean AMD Stuck
Jimj on Sep 10, 2012 09:45 AMMark as Spam | Reply to this comment
All you have to do is read this to know that Intel will continue to dominate. American regulators are poodles to monopolies, and care nothing about American customers.
Intel's new Ultrabook Fund (which pays manufacturers not to use AMD processors in thin laptops) smacks of the same monopolistic tactics. I'd say invest Intel, since the evidence suggests that Intel can do ANYTHING it wants to corner the world's customers.
http://www.scribd.com/doc/22112342/Nyag-v-Intel-Complaint-Final
"...Thus, Intel entered into an agreement with HP which “capped” AMD’s share of the commercial desktop segment at 5% of HP’s worldwide sales. The “cap” provision wassuppressed and kept secret, but numerous drafts, subsequent emails, and testimony confirm thatit was central to the agreement and was observed by HP and enforced by Intel. In another 2006agreement with HP, Intel effectively ensured that its share of HP’s over-all sales would increaseand AMD’s would decrease. In all cases, however, Intel attempted to erase the most obvioustraces of its anticompetitive scheme, by eliminating crucial but flagrantly objectionableprovisions (such as the 5% cap) from written agreements..."