Nomura Securities Maintains a 'Neutral' on AMD (AMD); Analyst Day Recap
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Rating Summary:
53 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Rating Summary:
53 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
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Nomura Securities maintains a 'Neutral' on AMD (NYSE: AMD) price target of $5.00.
Analyst, Romit Shah, said, "We came away from the Analyst Day incrementally more positive longer term. AMD has a stronger mgmt team, compelling product pipeline, and disciplined financial model. That said, the company’s full-year targets would suggest no potential upside to our current forecast of $0.60. We believe AMD is solidly positioning itself between ARM SoC suppliers at the low-end and Intel at the high end. We were also encouraged that the company will use 28nm bulk process to manufacture Trinity. AMD guided to high single digit revenue growth, 44-48% gross margin, and $2.4bn in operating expenses for 2012. AMD trades at almost 11.5x earnings and 0.8x enterprise value to sales, versus 15x and 2.9x, respectively, for our coverage universe."
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 $6.93 yesterday.
Analyst, Romit Shah, said, "We came away from the Analyst Day incrementally more positive longer term. AMD has a stronger mgmt team, compelling product pipeline, and disciplined financial model. That said, the company’s full-year targets would suggest no potential upside to our current forecast of $0.60. We believe AMD is solidly positioning itself between ARM SoC suppliers at the low-end and Intel at the high end. We were also encouraged that the company will use 28nm bulk process to manufacture Trinity. AMD guided to high single digit revenue growth, 44-48% gross margin, and $2.4bn in operating expenses for 2012. AMD trades at almost 11.5x earnings and 0.8x enterprise value to sales, versus 15x and 2.9x, respectively, for our coverage universe."
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 $6.93 yesterday.
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