Advanced Micro Devices ( AMD:NASDAQ)
Apple – Stock Upgrade Drives AMD To Higher Levels
Chip Maker Sees I-Phone Sales Up Significantly
|AMD sees analysts upping their projections for I Phone sales . AAPL’s upgrade is based upon greater I-Phone sales. More phones , more chips , more revenues . AMD is driven by I-Phone sales . Powerful chips give the I-Phone computer qualities and sell for much more than your average laptop. Wall Street Daily
Seven Wall Street analysts rate these shares a STRONG BUY .We urge serious investors to place these shares on their BUY LIST
Advanced Micro Devices (AMD) Outpaces Stock Market Gains: What You Should Know
Investors will be hoping for strength from AMD as it approaches its next earnings release. In that report, analysts expect AMD to post earnings of $0.08 per share. This would mark a year-over-year decline of 38.46%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.80 billion, up 9.08% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.63 per share and revenue of $6.76 billion, which would represent changes of +36.96% and +4.43%, respectively, from the prior year.
Any recent changes to analyst estimates for AMD should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. AMD is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note AMD’s current valuation metrics, including its Forward P/E ratio of 45.71. This valuation marks a premium compared to its industry’s average Forward P/E of 19.05.
Also, we should mention that AMD has a PEG ratio of 1.94. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. The Electronics – Semiconductors industry currently had an average PEG ratio of 1.94 as of yesterday’s close.
The Electronics – Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 32% of all 250+ industries.