Advanced Micro Devices, Inc. (NASDAQ:AMD) announced that the company achieved a number one market share position for thin clients based on its thin-client shipments. According to its unit sales to thin client customers last year, AMD has more than half of that market, with 53 percent market share.1
Thin clients, with little or no local storage, often serve as intelligent front-ends for server or cloud-based applications. Thin clients using AMD Embedded G-Series have a strong value proposition for immersive graphics in single- or multi-display configurations in the enterprise. Recent design wins with HP, Fujitsu, and Samsung validate that AMD APUs provide compelling value with horsepower for data movement, encryption/decryption of central server data, and even video encode/decode for video conferencing or multimedia streaming.
“The AMD Embedded G-Series SoC couples high performance compute and graphics capability in a highly integrated low power design,” said Scott Aylor, corporate vice president and general manager, AMD Enterprise Solutions. “These processors provide compelling performance per dollar per watt, strong security, sophisticated power management, and superior graphics performance. The product lineup includes an unparalleled range of pin- and software-compatible offerings, helping to address multiple needs of our customers.”
AMD G-Series SOC Ideal for Thin Client Applications
AMD thin client solutions continue to gain market adoption because of the move to cloud-based computing. Increasingly, thin clients are also being used for more complex and high performance tasks. This is especially true for devices incorporating x86 CPUs and sophisticated graphics. The surge of innovation in the desktop virtualization market has created new opportunities for powerful thin clients that are now capable of executing demanding tasks including computer-aided design and 3D modeling. Customers are also using AMD thin client solutions in financial and government services, call centers, kiosks, and hospitals, “smart” monitors and other multi-user, virtualized installations.
The AMD G-Series SoC also features enhanced security for enterprise IT operations, enabling security between the thin client and the server, and allowing only software approved by an enterprise’s IT organization to run on the thin client device. It also supports enhanced power management technology to help manage energy costs and environmental impact across large deployments. (Original Source)
Shares of Advanced Micro Devices closed yesterday at $2.39, up $0.04 or 1.49%. 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 $2.18 and its 200-day moving average is $2.05.
On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on October 26, Northland Securities analyst Gus Richard reiterated a Buy rating on AMD, with a price target of $5, which represents a potential upside of 109.2% from where the stock is currently trading. Separately, on October 16, Canaccord Genuity’s Matt Ramsay reiterated 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, Gus Richard and Matt Ramsay have a total average return of 8.6% and 0.9% respectively. Richard has a success rate of 70.6% and is ranked #421 out of 3640 analysts, while Ramsay has a success rate of 57.9% and is ranked #1538.
The street is mostly Neutral on AMD stock. Out of 14 analysts who cover the stock, 8 suggest a Hold rating , 3 suggest a Sell and 3 recommend to Buy the stock. The 12-month average price target assigned to the stock is $2.57, which represents a potential upside of 7.5% from where the stock is currently trading.
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.