Advanced Micro Devices, Inc. (NASDAQ:AMD) announced a new agreement with Mentor Graphics Corporation to now provide customers access to Mentor Embedded Sourcery™ CodeBench Lite for AMD Embedded ARM® solutions alongside AMD x86 Embedded solutions. The agreement strengthens AMD’s technology partnership with Mentor Graphics, a leading maker of embedded software and open source tools, and creates a consistent development ecosystem across processor architectures.
“We are providing the embedded development community the opportunity for choice, as the first company to offer both ARM and x86 processor solutions for low-power and high-performance embedded compute designs,” said Scott Aylor, corporate vice president and general manager, AMD Embedded Solutions. “We are excited about our growing technology partnership with Mentor Graphics as this extends the scope of the ecosystem we have beyond our traditional markets. This is a step forward in bolstering the embedded community with open-source tools to help tailor and expand their development.”
In 2014, AMD and Mentor Graphics agreed to create an embedded software ecosystem for developers. The Mentor Embedded Sourcery CodeBench product goes beyond just the compiler to provide developers with powerful open source, embedded C/C++ development tools to build, debug, analyze and optimize embedded software. These tools enable developers to build software in complex heterogeneous architectures based on upcoming AMD 64-bit ARM processors including the forthcoming AMD system-on-chip (SOC) (codenamed “Hierofalcon”), in addition to x86 processors including the AMD Embedded G-Series SOC (formerly codenamed “Steppe Eagle”) and the 2ndGeneration AMD Embedded R-Series APU (formerly codenamed “Bald Eagle”).
“Mentor Graphics is excited to extend our technology partnership with AMD given their vision and product portfolio of innovative technologies for embedded solutions,” said Scot Morrison, general manager of embedded runtime solutions, Mentor Graphics Embedded Software Division. “Together, we will enable developers to build robust and powerful applications in industries such as digital gaming, industrial control and automation, retail point-of-sale, networking equipment and storage.” (Original Source)
Shares of Advanced Micro Devices closed yesterday at $1.86. AMD has a 1-year high of $3.94 and a 1-year low of $1.61. The stock’s 50-day moving average is $1.87 and its 200-day moving average is $2.29.
On the ratings front, Advanced Micro Devices has been the subject of a number of recent research reports. In a report issued on September 11, Bernstein Research analyst Stacy Rasgon upgraded AMD to Hold. Separately, on September 2, Deutsche Bank’s Ross Seymore maintained a Hold rating on the stock and has a price target of $2.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Stacy Rasgon and Ross Seymore have a total average return of 2.2% and 19.2% respectively. Rasgon has a success rate of 47.0% and is ranked #1567 out of 3759 analysts, while Seymore has a success rate of 63.6% and is ranked #85.
Overall, 5 research analysts have rated the stock with a Sell rating, 8 research analysts have assigned a Hold rating and 2 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $2.45 which is 31.7% above where the stock closed yesterday.
Advanced Micro Devices Inc is a semiconductor company with facilities around the world. It operates in two segments: Computing Solutions and Graphics and Visual Solutions.