Advanced Micro Devices, Inc. Shares Cautiously Higher on Back of 4Q:17 Results


Chip giant Advanced Micro Devices, Inc. (NASDAQ:AMD) has spent 2017 steadily rolling out new products that offered impressive performance for personal computers, servers, and cloud data centers. In the fourth quarter, that translated into overall revenue growth of 33% and net income of $61 million.

Wall Street seems to be cautiously optimistic with those financial results, sending shares climbing nearly 1% in after-hours trading Tuesday.

AMD CEO Dr. Lisa Su commented, “2017 marked a key inflection point for AMD as we re-shaped our product portfolio, delivered 25 percent annual revenue growth, expanded gross margin and achieved full-year profitability […] We are even more excited about 2018 as we launch our next wave of high-performance products and continue to position AMD as one of the premier long-term growth companies in the technology industry.”

Analyst Ratings

On the ratings front, AMD has been the subject of a number of recent research reports. In a report released today, MKM Partners analyst Ruben Roy reiterated a Buy rating on AMD, with a price target of $14.50, which represents a potential upside of 11% from where the stock is currently trading. On the other hand, Susquehanna’s Christopher Rolland reiterated a Hold rating on the stock yesterday, with a price target of $13.00.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ruben Roy and Christopher Rolland have a yearly average return of 12.5% and 12.8% respectively. Roy has a success rate of 66% and is ranked #580 out of 4759 analysts, while Rolland has a success rate of 68% and is ranked #282.

Overall, out of the 23 analysts polled in the past 12 months, 9 rate AMD stock a Buy, 10 rate the stock a Hold and 4 recommend a Sell. With a return potential of 11%, the stock’s consensus target price stands at $14.24.

 

Analyst Name Firm Ranking Position Price Target
Christopher Rolland Susquehanna   Hold $13.00
Joseph Moore Morgan Stanley   Sell $8.00
Mike Burton Longbow Research   Hold  
Ross Seymore Deutsche Bank   Hold $12.00
Ruben Roy MKM Partners   Buy $14.50
Toshiya Hari Goldman Sachs   Sell  
Tristan Gerra Robert W. Baird   Buy $20.00
Vijay Rakesh Mizuho Securities   Buy $17.00
Matt Ramsay Canaccord Genuity   Buy $20.00
Vivek Arya Merrill Lynch   Buy $18.00
Mark Lipacis Jefferies   Buy $19.00
Hans Mosesmann Rosenblatt Securities   Buy $22.00
Ambrish Srivastava BMO Capital   Hold  
Blayne Curtis Barclays   Sell $10.00
Christian Schwab Craig-Hallum   Buy $19.00
Christopher Danely Citigroup   Sell $5.00
John Pitzer Credit Suisse   Hold $12.00
Kevin Cassidy Stifel Nicolaus   Hold $13.00
Rick Schafer Oppenheimer   Hold  
David Wong Wells Fargo   Buy  
Michael McConnell KeyBanc   Hold  
Harlan Sur J.P. Morgan   Hold $11.50
Stacy Rasgon Bernstein   Hold $8.00

 

 

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts