Advanced Micro Devices, Inc. (NASDAQ:AMD) announced the appointment of graphics and parallel compute architect Michael Mantor to AMD Corporate Fellow for his demonstrated leadership in graphics engineering. At AMD, Corporate Fellow is the highest possible level of technical recognition with only four employees currently holding the title. Mantor has made key contributions to a diverse set of AMD graphics products, including those that power the Microsoft Xbox One™, Sony PlayStation® PS4™, and multiple generations of AMD Radeon™ graphics. As Corporate Fellow, he will lead graphics and compute architecture teams in the development of next generation architectures to be used in PCs, game consoles, virtual reality devices, workstations, and super computers.
“Mike is the most passionate graphics and parallel computing architect I have worked with. His direct impact on more than 10 generations of GPU architectures at AMD is a result of Mike’s determination to turn great architectures into products that reach millions of users,” said Raja Koduri, senior vice president and chief architect, AMD Radeon Technologies Group. “Mike’s unique talents and industry expertise are instrumental to maintaining AMD’s industry leading graphics technologies and will be critical to advancing the industry into the immersive computing era.”
Mantor is recognized as a key authority and leader in GPU architecture. Since joining ATI in 1999, he has been responsible for developing GPU architectures as well as serving as the chief graphics architect for the AMD solutions powering the latest generation of game consoles. Numerous AMD graphics programs and projects have been completed under Mike’s guidance including Microsoft® Xbox 360™ and Xbox One™, AMD’s heterogeneous system architecture, and all AMD Radeon™ products since the introduction of the R100 in 2000. He has made major contributions to the industry and AMD including 45 patents issued to date.
AMD Corporate Fellows are appointed after a rigorous review process that assesses not only specific technical contributions to the company, but involvement in the industry at large, mentoring of others, and improving the long-term strategic position of the company. (Original Source)
Shares of Advanced Micro Devices closed today at $2.36, up $0.03 or 1.29%. AMD has a 1-year high of $3.37 and a 1-year low of $1.61. The stock’s 50-day moving average is $2.11 and its 200-day moving average is $2.05.
On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on October 26, Northland Securities analyst Gus Richard reiterated a Buy rating on AMD, with a price target of $5, which implies an upside of 113.7% from current levels. Separately, on October 16, Canaccord Genuity’s Stephen Lee 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, Gus Richard and Stephen Lee have a total average return of 9.2% and 14.2% respectively. Richard has a success rate of 72.7% and is ranked #401 out of 3649 analysts, while Lee has a success rate of 100.0% and is ranked #2192.
The street is mostly Neutral on AMD stock. Out of 15 analysts who cover the stock, 9 suggest a Hold rating , 3 suggest a Sell and 3 recommend to Buy the stock. The 12-month average price target assigned to the stock is $2.47, which implies an upside of 5.6% from current levels.
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.