Advanced Micro Devices, Inc. (NASDAQ:AMD) released its 22nd annual update on corporate responsibility, reporting on the company’s progress and milestones in its environmental and social goals. The update demonstrates how AMD is working to address issues important to its workforce, customers, investors, and other stakeholders and features new case studies, volunteer stories, and key issue overviews.
“As AMD launches high-performance computing products for datacenters, machine learning, university research, growing businesses, and home entertainment, we do so driven by a desire to help solve some of the world’s biggest problems and minimize our footprint,” said Susan Moore, AMD corporate vice president for public affairs. “The capabilities of technology continue to expand, providing opportunities for creative minds to affect positive change in our world, and it is inspiring to see AMD help enable those visions while keeping true to our own environmental and social goals.”
AMD’s corporate responsibility update highlights how:
- AMD teams up with technology and community leaders to help transform lives from the school classroom to the doctor’s office.
- One hundred percent of AMD’s manufacturing supplier facilities completed the Electronic Industry Citizenship Coalition (EICC) self-assessment questionnaire, with no “high-risk” supplier facilities identified, affirming that AMD’s suppliers are focused on respecting human rights and providing safe, environmentally-friendly workplaces.
- AMD has received Edison, Environmental Leader, and Energy Manager awards for ambitiously accelerating energy efficiency in processors for mobile devices through the AMD 25×20 Energy Efficiency Initiative.
- The company achieved a 100 percent score on the Human Rights Campaign Foundation’s Corporate Equality Index in 2016, ranking AMD as a “Best Place to Work for LGBT Equality.”
- AMD’s workforce around the world help address educational and social needs in their communities through company-sponsored volunteerism, including 9,100 hours of service by 1,900 AMD’ers in 2016.
- Company leaders regularly assess evolving and emerging issues in corporate responsibility, and AMD briefs its stakeholders about the role of AMD’s technology in society, the data privacy and security of technology users, human rights and labor issues in the industry’s supply chain, and product energy efficiency and climate change.
Shares of AMD closed yesterday at $13.37, down $0.34 or -2.48%. 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 $13.40 and its 200-day moving average is $12.74.
On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on July 31, Wells Fargo analyst David Wong reiterated a Buy rating on AMD. On July 26, Merrill Lynch’s Vivek Arya maintained a Buy rating on the stock and has a price target of $18.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, David Wong and Vivek Arya have a yearly average return of 17.2% and 18.4% respectively. Wong has a success rate of 71% and is ranked #189 out of 4625 analysts, while Arya has a success rate of 57% and is ranked #264.
Overall, 3 research analysts have rated the stock with a Sell rating, 12 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 $13.79 which is 3.1% above where the stock closed yesterday.