Advanced Micro Devices, Inc. (NASDAQ:AMD) released two models of its mainstream-priced, high-efficiency AMD Ryzen™ 3 desktop processor — the AMD Ryzen™ 3 1300X and AMD Ryzen™ 3 1200 CPUs. The two Ryzen 3 processors come equipped with true quad-core unlocked performance for gaming and computing, and join the award-winning AMD Ryzen™ 7 and Ryzen™ 5 desktop processors with a large and growing AM4 motherboard ecosystem.
“These past few months have been an exciting period for AMD with the global launch of Ryzen 7, designed for even the most demanding power users, and the release of Ryzen 5, which meets and even exceeds the needs of serious Prosumers,” said Jim Anderson, senior vice president and general manager, Computing and Graphics Group, AMD. “Ryzen 3 is a significant addition to our Ryzen desktop processor lineup, scaling industry leading responsiveness and performance into a budget-friendly package for mainstream users. AMD’s Ryzen processor line reenergizes innovation and competition across the entire PC market, providing consumers with a newfound selection of processors that can fulfill their computing needs at virtually every price point.”
The Ryzen 3 lineup includes two 4-core, 4-thread desktop CPUs available for purchase, both of which support the new AM4 platform found throughout the entire mainstream Ryzen processor family. Ryzen 3 1300X and Ryzen 3 1200 are designed to deliver optimum performance for esports gaming and computing applications. Thanks to four physical processing cores, the Ryzen 3 1300X and Ryzen 3 1200 boast impressive multiprocessing advantages compared to the competition while delivering impressive game performance. And like all socket AM4 processors, Ryzen 3 is multiplier-unlocked to provide even more performance to users who appreciate the freedom to overclock.1
Shares of Advanced Micro Devices are currently trading at $14.97, up $0.21 or 1.42%. AMD has a 1-year high of $15.65 and a 1-year low of $5.66. The stock’s 50-day moving average is $13.20 and its 200-day moving average is $12.64.
On the ratings front, AMD has been the subject of a number of recent research reports. In a report released yesterday, BMO analyst Ambrish Srivastava downgraded AMD to Hold, with a price target of $15, which represents a slight upside potential from current levels. Separately, on the same day, Baird’s Tristan Gerra initiated coverage with a Buy rating on the stock and has a price target of $20.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ambrish Srivastava and Tristan Gerra have a yearly average return of 26.2% and 21.3% respectively. Srivastava has a success rate of 100% and is ranked #1417 out of 4160 analysts, while Gerra has a success rate of 50% and is ranked #1164.
Overall, 3 research analysts have rated the stock with a Sell rating, 10 research analysts have assigned a Hold rating and 9 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 $13.88 which is -6.0% under where the stock closed yesterday.
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. It operates through the following segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom.