Advanced Micro Devices, Inc. (NASDAQ:AMD) announced new AMD Embedded R-Series SOC processors that establish performance leadership across a targeted range of embedded application market requirements for digital signage, retail signage, medical imaging, electronic gaming, media storage and communications and networking. Designed for demanding embedded needs, the processors incorporate the newest AMD 64-bit x86 CPU core (“Excavator”), plus third-generation Graphics Core Next GPU architecture, and state-of-the-art power management for reduced energy consumption. Combined, these AMD innovations and technologies provide industry-leading graphics performance and key embedded features for next-generation designs.
The single-chip system-on-chip (SOC) architecture enables simplified, small form factor board and system designs from AMD customers and a number of third party development platform providers, while providing astounding graphics and multimedia performance, including capability for hardware-accelerated decode of 4K video playback. With a robust suite of peripheral support and interface options, high-end AMD Radeon™ graphics, designed for the industry’s first Heterogeneous Systems Architecture (HSA) 1.0 certification, and support for the latest DDR4 memory, the new AMD R-Series SOC addresses the needs of a wide range of markets and customers.
“AMD continues its push into x86 embedded platforms and that’s paying off with an increasing number of customers and applications,” said Jim McGregor, principal analyst, TIRIAS Research. “There is a need for immersive graphics, high-quality visualization, and parallel computing in an increasing number of embedded applications. Across these fronts, the AMD Embedded R-Series SOC is a very compelling solution.”
“With so much momentum around immersive experiences, especially for visual and parallel computing, the embedded industry needs a high-performance, low-power and efficient architecture with superior graphics and compute capabilities,” said Scott Aylor, corporate vice president and general manager, AMD Embedded Solutions. “Our new AMD Embedded R-Series SOC is a strong match for these needs in a variety of industries including digital signage, retail signage, medical imaging, electronic gaming machines, media storage, and communications and networking. The platform offers a strong value proposition for this next generation of high-performance, low-power embedded designs.” (Original Source)
Shares of Advanced Micro Devices closed yesterday at $2.02. AMD has a 1-year high of $3.37 and a 1-year low of $1.61. The stock’s 50-day moving average is $1.84 and its 200-day moving average is $2.12.
On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on October 16, Credit Suisse analyst John Pitzer reiterated a Sell rating on AMD, with a price target of $1.90, which implies a downside of 5.9% from current levels. Separately, on the same day, Canaccord Genuity’s Stephen Lee maintained a Hold rating on the stock and has a price target of $2.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, John Pitzer and Stephen Lee have a total average return of 17.4% and 10.0% respectively. Pitzer has a success rate of 64.7% and is ranked #89 out of 3795 analysts, while Lee has a success rate of 100.0% and is ranked #2394.
The street is mostly Neutral on AMD stock. Out of 14 analysts who cover the stock, 9 suggest a Hold rating , 3 suggest a Sell and 2 recommend to Buy the stock. The 12-month average price target assigned to the stock is $2.35, which implies an upside of 16.3% from current levels.
Advanced Micro Devices Inc is a semiconductor company with facilities around the world. It operates in two segments: Computing Solutions and Graphics and Visual Solutions.