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Why AMD Has Risen in the Past Month

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Feb. 22 2017, Published 3:43 p.m. ET

Stock rose 43.6% in the trailing-one-month period

Advanced Micro Devices (AMD) stock has risen 43.6% in the last one month. Shares of the firm rose 12% after it posted better-than-expected 4Q16 earnings, beating analyst estimates. AMD has had a prolific run since the start of 2016. Last year, shares of the firm rose almost 300% YoY (year-over-year). As seen in the below chart, AMD led the stock growth in the semiconductor space, beating returns of heavyweights like Micron (MU), Qualcomm (QCOM), Texas Instruments (TXN), and NVIDIA (NVDA).

AMD plans to launch three chips in 2017. AMD recently unveiled its next-generation GPU, Vega, which it plans to launch in 1H17. It also unveiled its long-awaited Ryzen CPU, which it plans to launch in 1Q17.

AMD aims to meet its 2017 objectives by making its comeback in the high-end graphics and computing market. By targeting high-end markets, AMD aims to improve its margins and cash flows.

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How do analysts view AMD?

Of the 26 analysts covering AMD, ten have given it “buy” recommendations, two have given it “sell” recommendations, and 14 have given it “hold” recommendations. Analysts’ stock price target for the company is $11.14, and its median target price is $10.8, which indicates that AMD is trading at a premium of 23% to median analyst estimates.

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