0R15 9263.0 5.0108% 0R1E 8452.1602 1.1266% 0M69 17150.1406 36.2203% 0R2V 172.4 -2.4335% 0QYR 1461.5286 -0.4069% 0QYP 428.0701 1.1986% 0LCV 139.42 -2.0239% 0RUK 2966.5117 1.5233% 0RYA 1810.0 2.1445% 0RIH 148.0 0.339% 0RIH 148.44 0.6373% 0R1O 177.75 10071.6738% 0R1O None None% 0QFP 9346.083 85.4382% 0M2Z 284.6256 0.0529% 0VSO 25.39 -28.6898% 0R1I None None% 0QZI 511.0 2.8169% 0QZ0 220.0 0.0% 0NZF 839.5385 68.4467%
Advanced Micro Devices, Inc.
AMD Details
Advanced Micro Devices, Inc. (NASDAQ: AMD) is a semiconductor manufacturing firm in the United States. The business provides x86 microprocessors (CPUs), accelerated processing units (APUs), discrete graphics processing units (GPUs), and semi-custom System-on-Chip (SOC) solutions and chipsets for the PC, gaming, datacenter, and embedded industries.
Latest News:
Q1 FY22 Results:
FY 22 Outlook
Key Risks:
The company is exposed to a variety of risks ranging from Intel Corporation’s dominance of the microprocessor market and its aggressive business practices may limit their ability to compete effectively on a level playing field. The semiconductor industry is highly cyclical and has experienced severe downturns that have materially adversely affected, and may continue to materially adversely affect, their business in the future. Unfavorable currency exchange rate fluctuations could adversely affect company.
Valuation Methodology: EV/Sales Multiple based Relative Valuation
(Source: Analysis by Kalkine Group)
Stock Recommendation:
AMD's stock price has fallen 35.68% in the past six months and is leaning towards the lower end of its 52-week range of USD 164.46 to USD 77.47. We have valued the stock using the EV/Sales multiple based relative valuation methodology and arrived at a target price of USD 116.50.
On daily price AMD shares have recorded a breakout above the downward sloping trendline, with leading momentum indicator14-day RSI recorded a bullish reversal and hovering in neutral zone with bullish bias. Further, AMD stock has decisively moved above 21-day SMA resistance, another bullish indicator. Also, MACD is rising with the spread between 12-day EMA and 26-day EMA is turning positive and MACD hovering above 9-day signal, bullish signal.
Based on robust revenue, increased margins, higher profitability, positive guidance, enough cash, related risks, technical standpoint and current valuation, we recommend a "Hold" rating on the stock at the current market price of USD 99.90 as of May 26, 2022, at 09:20 AM PDT.
1 Year Technical Price Chart (as of May 26, 2022, at 09:20 AM PDT). Source: REFINITIV, Analysis by Kalkine Group
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decision should be made depending on the investors' appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the valuation has been achieved and subject to the factors discussed above.
Note 3: The report publishing date is as per the Pacific Time Zone.
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