Advanced Micro Devices

Sterne Agee is reiterating its Buy rating and $15 PT on shares of Advanced Micro Devices, Inc. (NYSE: AMD). “We had a meeting with AMD management yesterday,” Sterne Agee writes. “Overall AMD is seeing good traction with Llano, with strong Notebook design win activity into both larger screen an...

According to Sterne Agee, Advanced Micro Devices (NYSE: AMD) PC trends continue to be solid. Sterne Agee said that May PC builds are tracking up 5-7% M/M after a slightly weaker April. “Current June quarter PC NB builds continue to track up 10% q/q for the NB ODMs. PC NB channel is seeing better...

J.P. Morgan is out with its report today on Advanced Micro Devices (NYSE: AMD), raising its PT from $6.50 to $8. In a note to clients, J.P. Morgan writes, "AMD is trading at roughly 1.0X C11 sales, the lower end of its historic range of 0.2X-4.0X trailing twelve month sales. We are increasing our...

According to Morgan Stanley, Advanced Micro Devices (NYSE: AMD) coverage is discontinued. Morgan Stanley reported that effective immediately, it is discontinuing coverage of Advanced Micro Devices. “The primary analyst covering the stock no longer works at Morgan Stanley. All prior research on...

According to Sterne Agee, Advanced Micro Devices (NYSE: AMD) is expected to report its quarter on April-21st after the close of market. Sterne Agee reported that AMD had guided March quarter “flat to down slightly q/q.” “Current street consensus is for $1.6B down 3.5% q/q. We are revising our...

FBR Capital Markets is maintaining its MP rating and $10 PT on shares of Advanced Micro Devices, Inc. (NYSE: AMD). “Checks with the top six notebook ODMs have deteriorated of late, with 1Q notebook builds downticking slightly from – 10.5% QOQ to – 11% QOQ, and with 2Q builds downticking from an...

FBR Capital Markets has published a research report on Semiconductor Trading, in which it writes "Our latest back-end assembly/test production checks suggest 1Q production will seasonally decrease by about 6.5% QOQ, worse than our month-ago checks of –6.0% QOQ and in line with typical seasonality....

Sterne Agee has upgraded Advanced Micro Devices (NYSE: AMD) from Neutral to Buy and has established a $15 price target.

Oppenheimer has published a research report on Advanced Micro Devices (NYSE: AMD) after the company reported 4Q EPS that was in-line with consensus despite lagging on servers. In the report, Oppenheimer writes "After the close, AMD reported 4Q EPS (non-GAAP) of $0.14 on revs of $1.65B (+2% Q/Q), in...

Yesterday after the close, Advanced Micro Devices, Inc. (NYSE: AMD) reported 4Q10 EPS of $0.14, “$0.32 above our estimate of ($0.18) and $0.27 above Consensus of ($0.13) due to higher than expected equity gains from its stake in Globalfoundries,” J.P. Morgan reports. “Our modeled EPS excludes the...

Sterne Agee has published a research report on Advanced Micro Devices (NYSE: AMD) after the company pre-announced 4Q revenues on January 10 that beat consensus. In the report, Sterne Agee writes "While AMD Llano is expected to launch in C2Q11, we believe 4Q-1Q strength in peer PC OEMs was driven by...

Integrated Device Technology, Inc. (IDT®) (NASDAQ: IDTI), the Analog and Digital Company™ delivering essential mixed-signal semiconductor solutions, today announced it has demonstrated the world's first usage of the DisplayPort auxiliary (AUX) channel to carry touch screen data. The demonstration...

Advanced Micro Devices, Inc. (NYSE: AMD) has announced the resignation of its CEO, Dirk Meyer, effective immediately, Wells Fargo reports. “In connection with this announcement AMD also provided preliminary results for its December 2010 quarter,” Wells Fargo writes. “Revenue increased 2%...

Goldman Sachs has published a research report on Advanced Micro Devices (NYSE: AMD) after the company announced the resignation of CEO Dirk Meyer. In the report, Goldman Sachs writes "AMD announced that President and CEO Dirk Meyer resigned from the company, effective immediately. The press release...

FBR Capital released its Semiconductor Trading Tidbits today and offered guidance on the following companies: For Intel Corp. (NASDAQ: INTC) (Market Perform), we do think shares can grind higher in coming quarters if the tablet impact is not too great on PCs, particularly given low valuations,...