Advanced Micro Devices, Inc. (NASDAQ:AMD) provided customers with a glimpse of its upcoming 2016 Polaris GPU architecture, highlighting a wide range of significant architectural improvements including HDR monitor support, and industry-leading performance-per-watt. AMD expects shipments of Polaris architecture-based GPUs to begin in mid-2016. AMD’s Polaris architecture-based 14nm FinFET GPUs deliver a remarkable generational jump in power efficiency. Polaris-based GPUs are designed for fluid frame rates in graphics, gaming, VR and multimedia applications running on compelling small form-factor thin and light computer designs.
“Our new Polaris architecture showcases significant advances in performance, power efficiency and features,” said Lisa Su, president and CEO, AMD. “2016 will be a very exciting year for RadeonT fans driven by our Polaris architecture, Radeon Software Crimson Edition and a host of other innovations in the pipeline from our Radeon Technologies Group.”
The Polaris architecture features AMD’s 4th generation Graphics Core Next (GCN) architecture, a next-generation display engine with support for HDMI® 2.0a and DisplayPort 1.3, and next-generation multimedia features including 4K h.265 encoding and decoding.
AMD has an established track record for dramatically increasing the energy efficiency of its mobile processors, targeting a 25x improvement by the year 20202. (Original Source)
Shares of Advanced Micro Devices closed last Thursday at $2.87, down $0.11 or -3.69%. 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 $2.45 and its 200-day moving average is $2.09.
On the ratings front, Advanced Micro Devices has been the subject of a number of recent research reports. In a report issued on December 30, MKM Partners analyst Ian Ing maintained a Hold rating on AMD, with a price target of $2.50, which implies a downside of 12.9% from current levels. Separately, on October 26, Northland Securities’ Gus Richard reiterated a Buy rating on the stock and has a price target of $5.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ian Ing and Gus Richard have a total average return of 13.7% and 9.6% respectively. Ing has a success rate of 58.7% and is ranked #286 out of 3648 analysts, while Richard has a success rate of 69.6% and is ranked #349.
Overall, 3 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 $2.46 which is -14.3% under where the stock closed last Thursday.
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.