At the Canalys Channels Forum, Advanced Micro Devices, Inc. (NASDAQ:AMD) debuted the Lenovo ThinkCentre M715 Tiny and ThinkPad E475 and E575, new commercial desktop and notebooks featuring 7th Generation AMD PRO APUs (formerly codenamed “Bristol Ridge PRO”). AMD PRO APUs are built for business, with robust security, reliability, and increased energy efficiency to help protect customers’ IT investments.
“These latest AMD PRO based-systems from Lenovo are optimized for business and deliver increased computing and graphics performance, at levels that meet the highest of customer expectations,” said Jim Anderson, senior vice president and general manager, Computing and Graphics Group, AMD. “These systems combine commercial-grade quality, performance, and stability, with excellent video and audio capabilities, helping ensure businesses are more productive and collaborative. We are thrilled to partner with Lenovo to bring this technology to companies and enterprises around the world.”
“Businesses today are constantly evolving, demanding better performance, security, manageability, and usability from their computers. This is why Lenovo provides innovation both inside and outside our commercial products and works with partners like AMD, who bring a similar focus on giving users the best experience possible,” said Bai Peng, vice president notebook business, PC & Smart Device Business Group at Lenovo. “The ThinkPad E475 and E575 notebooks and ThinkCentre M715 Tiny, based on the AMD PRO processor portfolio, enables businesses to deliver real-world performance and dependability optimized for business’ needs”
Enabled by 7th generation AMD PRO processors the new Lenovo desktop and notebooks help ensure sensitive data and trusted applications remain secure with dedicated AMD Secure Processor technology. AMD PRO APUs meet users’ growing requirements by providing up to 14% more compute performance, up to 22% more graphic performance, and up to 32% more energy efficiencyi, than the previous generation AMD PRO processors. Open standards and CPU-agnostic DASH manageability allows IT departments to easily integrate and manage systems while the new AMD AM4 desktop infrastructure provides a stable and upgradable platform for the future. (Original Source)
Shares of Advanced Micro Devices are currently trading at $6.62, up $0.10 or 1.51%. AMD has a 1-year high of $8.00 and a 1-year low of $1.75. The stock’s 50-day moving average is $6.51 and its 200-day moving average is $5.36.
On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on October 21, BMO analyst Ambrish Srivastava reiterated a Hold rating on AMD. Separately, on the same day, Bernstein Research’s Stacy Rasgon maintained a Hold rating on the stock and has a price target of $7.50.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ambrish Srivastava and Stacy Rasgon have a total average return of 8.4% and 2.6% respectively. Srivastava has a success rate of 64% and is ranked #572 out of 4190 analysts, while Rasgon has a success rate of 50% and is ranked #1267.
Overall, one research analyst has rated the stock with a Sell rating, 10 research analysts have assigned a Hold rating and 5 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 $7.08 which is 9% above where the stock closed last Friday.
Advanced Micro Devices, Inc. is a global semiconductor company that develops computer processors and related technologies for business and consumer markets. It design and integrate technology for intelligent devices, including personal computers, game consoles and cloud servers. The company operates through the following segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop, notebook processors, chipsets, discrete GPUs and professional graphics. The Enterprise, Embedded and Semi-Custom segment includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.