Advanced Micro Devices, Inc. (NASDAQ:AMD) added another tier to its enterprise CPU portfolio with the introduction of AMD Ryzen™ PRO desktop processors. Designed to meet the demands of today’s compute-intensive workplace, Ryzen PRO desktop processors will bring reliability, security, and performance to enterprise desktops worldwide.
“Today marks another important step in our journey to bring innovation and excitement back to the PC industry: the launch of our Ryzen PRO desktop CPUs that will bring disruptive levels of performance to the premium commercial market,” said Jim Anderson, senior vice president and general manager, Computing and Graphics Group, AMD. “Offering a significant leap in generational performance, leadership multi-threaded performance, and the first-ever 8-core,16-thread CPU for commercial-grade PCs, Ryzen PRO provides a portfolio of technology choices that meet the evolving needs of businesses today and tomorrow.”
Ryzen PRO Lineup
Delivering breakthrough responsiveness for the most demanding enterprise-class applications and multi-tasking workflows, the ‘Zen’ core in every Ryzen PRO processor provides up to 52 percent improvement in compute capability over the previous generation, and the Ryzen™ 7 PRO 1700 offers up to 62 percent more multi-threaded performance than select competing solutions.
Targeted for enterprise and public sector implementations, Ryzen PRO processors offer state-of-the-art silicon-level security, providing hardware-based cryptographic and security technologies to help protect against an ever-growing number of threats. Security standards like secure boot, fTPM (firmware Trust Platform Module), AES, and Windows® 10 Enterprise security features are fully supported across the entire Ryzen PRO processor family.
Built upon exceptional AMD product dependability and sourced from wafers with the highest yields, Ryzen PRO processors provide commercial-grade quality and reliability to help ensure platform longevity for future-ready computing. Industry-leading, open-standard DASH manageability allows for CPU-agnostic administration and helps ensure businesses avoid getting locked into proprietary solutions.
Shares of Advanced Micro Devices closed yesterday at $13.23, down $0.17 or -1.27%. AMD has a 1-year high of $15.55 and a 1-year low of $4.82. The stock’s 50-day moving average is $11.93 and its 200-day moving average is $12.33.
On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on June 26, MKM Partners analyst Ruben Roy reiterated a Hold rating on AMD, with a price target of $13.00, which represents a slight downside potential from current levels. Separately, on the same day, Goldman Sachs’ Toshiya Hari reiterated a Sell rating on the stock and has a price target of $10.60.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ruben Roy and Toshiya Hari have a yearly average return of 10.4% and 22.3% respectively. Roy has a success rate of 62% and is ranked #615 out of 4600 analysts, while Hari has a success rate of 67% and is ranked #580.
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 $13.11 which is -0.9% 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.