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Advanced Micro Devices Inc. Nasdaq Global Select
Open: $94 High: $95.74 Low: $91.4 Close: $94.78
Range: 2021-01-25 - 2021-01-26
Volume: 82,242,073
Market: Open
Powered by Finage Stock APIDelayed data
Advanced Micro Devices Inc. 2485 Augustine Drive Santa Clara CA, 95054
Advanced Micro Devices Inc designs and produces microprocessors and low-power processor solutions for the computer, communications, and consumer electronics industries.
  • CEO: Lisa T. Su
  • Employees: 8,900
  • Sector: Technology
  • Industry: Semiconductors
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  • Earnings Preview for Advanced Micro Devices

    Advanced Micro Devices (NASDAQ:AMD) announces its next round of earnings this Tuesday, January 26. Here is Benzinga's everything-that-matters guide for this Tuesday's Q4 earnings announcement.What Are Earnings, Net Income, And Earnings Per Share? Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.Earnings And Revenue Based on management's projections, Advanced Micro Devices analysts model for earnings of $0.47 per share on sales of $3.02 billion. In the same quarter last year, Advanced Micro Devices announced EPS of $0.32 on revenue of $2.13 billion.Why Analyst Estimates And Earnings Surprises Are Important Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.View more earnings on AMDThe analyst consensus estimate would represent a 46.87% increase in the company's EPS figure. Sales would be up 41.98% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate 0.35 0.16 0.18 0.31 EPS Actual 0.41 0.18 0.18 0.32 Revenue Estimate 2.56 B 1.86 B 1.78 B 2.11 B Revenue Actual 2.80 B 1.93 B 1.79 B 2.13 B Stock Performance Shares of Advanced Micro Devices were trading at $92.79 as of January 22. Over the last 52-week period, shares are up 87.73%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.Do not be surprised to see the stock move on comments made during its conference call. Advanced Micro Devices is scheduled to hold the call at 17:00:00 ET and can be accessed here.See more from Benzinga * Click here for options trades from Benzinga * 10 Information Technology Stocks Showing Unusual Options Activity In Today's Session * 10 Information Technology Stocks With Unusual Options Alerts In Today's Session(C) 2021 Benzinga does not provide investment advice. All rights reserved.

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  • Advanced Micro Devices Is Priced Too High for Value Investors

    Advanced Micro Devices (NASDAQ:AMD) is simply too highly-priced for most value investors. This is despite the buy recommendations on AMD stock that most analysts presently hold. Source: Casimiro PT / The bottom line is that at $89.45 per share as of Jan. 19, AMD traded for 49 times 2021 earnings and over 8.7 times sales. That is simply too high for investors looking for a bargain stock. Moreover, investors may be taking this point into consideration. The stock has fallen 3.8% this year so far. Moreover, in the last month, AMD stock is down more than 9%. However, in the past year, it spiked 81% plus. This is the main reason why the stock may have gone too far too fast.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Valuation Issues With AMD Granted, there seems to be plenty of justification for this high valuation. For one, earnings this year are forecast to grow more than 45% to $1.80 per share, according to analysts surveyed by Seeking Alpha. But that puts AMD stock at 47 times this year’s forecast earnings per share (EPS). That is very high for any kind of stock, including a growth stock like AMD. 7 Great Sub-$20 Stocks to Buy After Inauguration Day In fact, further out-year forecasts show EPS growth will be 34% in 2022 and 7% in 2o23. By then EPS is forecast to hit $2.59 per share. That lowers the forward year price-to-earnings (P/E) ratio to 34.5 times at the price of $89.45. But this is still very high for most investors. A lot of things have to go right. For example, keep in mind that lower valuation is for earnings three years in the future. For all intents and purposes that is just an educated guess. It’s not as if earnings for Advanced Micro Devices are highly recurring and can be easily forecast out that far. In other words, there is a high degree of risk in these out-year numbers. Granted, they likely include the combined earnings for the company’s latest acquisitions, including Xilinx (NASDAQ:XLNX). I wrote about the benefits of that all-stock acquisition in my previous article on AMD stock. That deal should close any day now. What Analysts Say About AMD Stock In my previous article, I wrote about the Financial Times article analyzing the AMD acquisition of Xilinx. So far, I believe this is the best analysis I have seen on the structure and purpose of the deal. The deal shows that Advanced Micro Devices is one of the long-term winners as a chip supplier for data centers. The article points out that data centers are essentially what is known as “the cloud” for us laypeople. AMD and Xilinx are at the forefront of where the action is in terms of who really needs and buys large amounts of semiconductor chips. This includes data centers and other users of neural networks that use FPGA chips that act as accelerators for “deep learning.” Neural networks are necessary for artificial intelligence (AI) applications in various industries. This is the cutting edge of software development these days. So, in a way, you can see why the stock is so highly-priced. But again, this euphoria is already mostly in the stock price already. Most analysts do not see much upside in AMD stock, in terms of price targets. says that 35 analysts have an average price target of $82.09. That is more than 8% below the Jan. 19 price. In addition, reports that 23 analysts have a consensus price target of $96.55. That is an upside of about 8%. Yahoo Finance says that 23 analysts have a lower price target of $93.03. Averaging all three of these reports leaves us with a price target of $90.55. AMD stock closed at $89.45 on Jan. 19. In other words, the stock is fully valued, especially for value investors who typically look for a bargain stock. On the date of publication, Mark R. Hake did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Mark Hake runs the Total Yield Value Guide which you can review here. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post Advanced Micro Devices Is Priced Too High for Value Investors appeared first on InvestorPlace.

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  • Samsung Considers $10 Billion Texas Chipmaking Plant, Sources Say

    (Bloomberg) -- Samsung Electronics Co. is considering spending more than $10 billion building its most advanced logic chipmaking plant in the U.S., a major investment it hopes will win more American clients and help it catch up with industry leader Taiwan Semiconductor Manufacturing Co.The world’s largest memory chip and smartphone maker is in discussions to locate a facility in Austin, Texas, capable of fabricating chips as advanced as 3 nanometers in the future, people familiar with the matter said. Plans are preliminary and subject to change but for now the aim is to kick off construction this year, install major equipment from 2022, then begin operations as early as 2023, they said. While the investment amount could fluctuate, Samsung’s plans would mean upwards of $10 billion to bankroll the project, one of the people said.Samsung is taking advantage of a concerted U.S. government effort to counter China’s rising economic prowess and lure back home some of the advanced manufacturing that over the past decades has gravitated toward Asia. The hope is that such production bases in the U.S. will galvanize local businesses and support American industry and chip design. Intel Corp.’s troubles ramping up on technology and its potential reliance in the future on TSMC and Samsung for at least some of its chipmaking only underscored the extent to which Asian giants have forged ahead in recent years.The envisioned plant will be its first in the U.S. to use extreme ultraviolet lithography, the standard for next-generation silicon, the people said, asking not to be identified talking about internal deliberations. Asked about plans for a U.S. facility, Samsung said in an email no decision has yet been made.“If Samsung really wants to realize its goal to become the top chipmaker by 2030, it needs massive investment in the U.S. to catch up with TSMC,” said Greg Roh, senior vice president at HMC Securities. “TSMC is likely to keep making progress in process nodes to 3nm at its Arizona plant and Samsung may do the same. One challenging task is to secure EUV equipment now, when Hynix and Micron are also seeking to purchase the machines.”Read more: Intel Talks With TSMC, Samsung to Outsource Some Chip ProductionIf Samsung goes ahead, it would effectively go head-to-head on American soil with TSMC, which is on track to build its own $12 billion chip plant in Arizona by 2024. Samsung is trying to catch TSMC in the so-called foundry business of making chips for the world’s corporations -- a particularly pivotal capability given a deepening shortage of semiconductors in recent weeks.Under Samsung family scion Jay Y. Lee, the company has said it wants to be the biggest player in the $400 billion chip industry. It plans to invest $116 billion into its foundry and chip design businesses over the next decade, aiming to catch TSMC by offering chips made using 3-nanometer technology in 2022.It already dominates the market for memory chips and is trying to increase its presence in the more profitable market for logic devices, such as the processors that run smartphones and computers. It already counts Qualcomm Inc. and Nvidia Corp. as customers, companies that historically relied on TSMC exclusively. It has two EUV plants, one near its main chip site in Hwaseong, south of Seoul, and another coming online nearby at Pyeongtaek.To close a deal, Samsung may need time to negotiate potential incentives with U.S. President Joe Biden’s administration. The company has hired people in Washington D.C. to lobby on behalf of the deal and is ready to go ahead with the new administration in place, the people said. Tax benefits and subsidies will ease Samsung’s financial burden, but the company may go ahead even without major incentives, one of the people said.Samsung has been looking into overseas chipmaking for years. Intensifying trade tensions between the U.S. and China and now Covid-19 are stoking uncertainty over the reliability and economics of the global supply chain. Plants in the U.S. could help the Korean chipmaker strike better deals with key clients in the U.S., particularly in competition with TSMC.From Microsoft Corp. to Inc. and Google, the world’s largest cloud computing firms are increasingly designing their own silicon to power their vast data centers more efficiently. All need manufacturers like TSMC or Samsung to turn their blueprints into reality.Samsung’s U.S. branch purchased land in October next to its existing Austin fab, which is capable of running older processes. The Austin City Council held a meeting in December to discuss Samsung’s request to rezone that parcel of land for industrial development, according to meeting minutes.The Korean company’s existing Texas facility is too small to to meet increasing orders for outsourced chips coming from Qualcomm, Intel and Tesla, according to research by Citibank. Intel in particular is likely to funnel more orders toward Samsung to offset any reliance on TSMC for its foundry needs, the brokerage said in a report.Late Thursday, Intel’s incoming Chief Executive Officer Pat Gelsinger told investors he was likely to keep most production of the company’s best processors in-house and that the delayed introduction of new manufacturing technology was showing signs of improving. Still, his comments disappointed some investors who have been lobbying for more outsourcing by the world’s largest chipmaker. Intel shares dropped as much as 9% in New York trading Friday, the most since October. Rival Advanced Micro Devices Inc., which relies on TSMC for production, gained as much as 4.8%.Read more: Samsung Intensifies Chip Wars With Bet It Can Catch TSMC by 2022Some analysts question Samsung’s ability to carve out a significant share of a market dominated by TSMC, which is spending a record $28 billion this year to ensure it remains at the forefront of technology and capacity. For its part, Samsung’s semiconductor division spent $26 billion on capital expenditure in 2020, but that’s been largely in support of its dominant memory business and not all of its expertise in making memory is directly relevant to creating advanced logic chips.Processors are more complex to manufacture than memory and their production yields are harder to control and scale up in the same way. Foundry customers also require bespoke solutions, imposing another barrier to rapid expansion and also making Samsung dependent on customers’ designs. But the Korean giant can draw confidence from its work with Nvidia, whose chief executive officer has sung Samsung’s praises in collaborating on the manufacturing for its latest graphics card silicon.(Updates with Intel plans in 14th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Intel Tumbles After New CEO Recommits to Chip Manufacturing

    (Bloomberg) -- Intel Corp. shares tumbled after the incoming chief executive officer pledged to regain the company’s lead in chip manufacturing, countering growing calls from some investors to shed that part of its business.“I am confident that the majority of our 2023 products will be manufactured internally,” Pat Gelsinger said on a conference call to discuss financial results. “At the same time, given the breadth of our portfolio, it’s likely that we will expand our use of external foundries for certain technologies and products.”He plans to provide more details after officially taking over the CEO role Feb. 15, however Gelsinger was clear that Intel is sticking with its once-mighty manufacturing operation.“We’re not just interested in closing gaps,” he told analysts on a conference call Thursday. “We’re interested in resuming that position as the unquestioned leader in process technology.”Keeping production in-house may be bad for Intel because its manufacturing technology has fallen behind Taiwan Semiconductor Manufacturing Co., which makes chips for many of Intel’s rivals. If the U.S. company can’t catch up, its products will become less competitive and it could lose sales and market share.Intel shares fell 5.7%% at 9:36 a.m. in New York on Friday. They have declined about 6% over the last 12 months compared with a 16% increase in the S&P 500.Activist Dan Loeb has suggested the company consider spinning off its manufacturing business. Other investors have been waiting to see if Intel will outsource more production.“Where investors are going to be disappointed is that some were expecting some sort of larger announcement of a strategic partnership with TSMC,” said Edward Jones & Co. analyst Logan Purk.TSMC recently announced capital spending of as much as $28 billion for 2021 to maintain its lead. Purk said Intel would have to increase its own spending massively to try to catch the Asian company.TSMC dropped 3.6%, the most since March 23. Shares of some Intel suppliers also dropped, with Screen Holdings Co. down 3.7% and Tokyo Electron Ltd. declined 1.6%.Read More: Intel Probes Potential Unauthorized Access to Earnings ReportGelsinger is taking the reins of a company in the midst of its worst crisis in at least a decade. It has been the largest chipmaker for most of the past 30 years, dominating the $400 billion industry by making the best designs in its own cutting-edge factories. Most other U.S. chip companies shut or sold plants and tapped other firms to make the components. Intel held out, arguing that doing both improved each side of its operations and created better semiconductors.That strategy has crumbled in recent years as Intel struggled to introduce new production techniques on time. It is now lagging behind TSMC and Samsung Electronics Co., which make chips for Intel competitors, such as Advanced Micro Devices Inc., and big Intel customers including Inc. and Apple Inc.AMD shares rallied in extended trading while Gelsinger discussed his goal of improving Intel’s in-house manufacturing.Intel’s quarterly results, released before the market closed on Thursday, initially sent the shares higher. A hacker accessed sensitive information from Intel’s website, prompting the company to report the numbers earlier than planned.Revenue in the period ending in March will be about $17.5 billion, the Santa Clara, California-based company said. This excludes the memory chip division Intel is selling. Analysts were looking for $16.2 billion on average, according to data compiled by Bloomberg.Intel sees strong demand for laptops through the first half of the year, Chief Financial Officer George Davis said in an interview. Earnings in the second part of the year will partly depend on whether corporations increase spending on new hardware, he added.“The question is will we see support from enterprise,” he said. “They’ve been very quiet.”Intel’s personal computer chip division had revenue of $10.9 billion in the fourth quarter. Analysts expected $9.72 billion. Its higher-margin data center unit generated sales of $6.1 billion. Wall Street was looking for $5.37 billion.In Intel’s data center business, revenue from cloud service providers fell 15% from a year earlier. Enterprise and government sales slumped 25%. Volumes and average selling prices declined. Owners of large data centers are working their way through unused stockpiles of chips.In its PC business, Intel reported a 30% surge in laptop chip sales, even as average selling prices declined 15%.Fourth-quarter profit, excluding some items, was $1.52 a share on $20 billion of revenue, down 1% from a year earlier. Analysts had estimated $1.11 a share on revenue of $17.5 billion.Intel’s gross margin, the percentage of revenue remaining after deducting the cost of production, was 56.8%. This is a key indicator of the strength of its manufacturing and product pricing. Intel has historically delivered margins of about 60%.(Updates with shares in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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