Advanced Micro Devices, Inc. (NASDAQ:AMD) announced thatFujitsu selected the AMD Embedded G-Series SoC (system-on-chip), formerly codenamed “Steppe Eagle,” for the newest additions to the FUJITSU Thin Client FUTRO family. The new FUJITSU FUTRO S920, S720 and S520 are powered by AMD Embedded G-Series SoCs that couple high performance computing and graphics capability in a highly integrated, low power design. The updated FUJITSU FUTRO thin clients deliver 20% higher frequency at the top end of the performance envelope compared to previous generations, delivered through the AMD G-Series SoC.1
The AMD G-Series SoC features enhanced security for enterprise IT operations, enabling security between the thin client and the server and allowing only authorized software to run on the thin client device. It also lends enhanced power management technology, resulting in an excellent cost-performance ratio for business users.
“Fujitsu is a longtime partner with AMD on thin clients, and we’re thrilled to continue working together to keep improving performance and lowering total cost of ownership for users,” said Scott Aylor, vice president and general manager, AMD Embedded Solutions. “As thin client technology advances, more and more enterprises are realizing the benefits of switching from standard PCs to thin clients.”
The FUJITSU FUTRO S920, S720 and S520 are versatile thin clients engineered for highly secure server-based computing and desktop virtualization. The FUJITSU FUTRO S920 is a powerful front-end device that offers expansion slots and unique connectivity options to maximize user convenience. Silent and easy to use, the FUJITSU FUTRO S720 provides user convenience through a small footprint, dual monitoring and unique connectivity options. The FUJITSU FUTRO S520 has a small footprint and virtually zero noise emission that contribute to a pleasant working environment.
“Businesses demand technology that is simple and reliable yet powerful, and we’re pleased to partner with AMD to provide thin clients that are easy to manage, power efficient and compact in design,” said Dieter Heiss, Vice President, Client Computing Devices, Product Management & Development, Fujitsu. “Engineered and manufactured in Germany with the customers’ needs in mind, these thin clients are ideal devices for reliable server-based computing and desktop virtualization.” (Original Source)
Shares of Advanced Micro Devices closed last Friday at $1.82. AMD has a 1-year high of $4.18 and a 1-year low of $1.61. The stock’s 50-day moving average is $1.85 and its 200-day moving average is $2.34.
On the ratings front, Advanced Micro Devices has been the subject of a number of recent research reports. In a report issued on September 2, Deutsche Bank analyst Ross Seymore maintained a Hold rating on AMD, with a price target of $2, which represents a potential upside of 9.9% from where the stock is currently trading. Separately, on August 30, 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, Ross Seymore and Matt Ramsay have a total average return of 17.2% and -4.9% respectively. Seymore has a success rate of 60.7% and is ranked #101 out of 3747 analysts, while Ramsay has a success rate of 36.4% and is ranked #3451.
The street is mostly Neutral on AMD stock. Out of 15 analysts who cover the stock, 7 suggest a Hold rating , 6 suggest a Sell and 2 recommend to Buy the stock. The 12-month average price target assigned to the stock is $2.45, which implies an upside of 34.6% 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.