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AMD

AMD

$13.49

-0.16 (-1.17%)

, INTC

Intel

$35.27

0.13 (0.37%)

10:49
03/20/17
03/20
10:49
03/20/17
10:49

AMD seen topping expectations as new processors take Intel share

AMD's (AMD) new processors will enable it to gain significant market share from Intel (INTC) in the desktop, notebook and server markets, predicted research firm Jefferies. The firm raised its estimates for AMD and expects the chip maker's 2017 results to beat expectations by a significant amount. AMD ZEN PROCESSORS: AMD's new Ryzen processors are 52% faster than the company's previous generation of processors, according to Jefferies analyst Mark Lipacis. Moreover, AMD's benchmarks show that its R7 1800X processor "performs better than Intel's Core i7 6900K at less than half the price," the analyst stated. Given these metrics, AMD's market share gains will accelerate. AMD is looking to eventually obtain market share of at least 10%, wrote Lipacis. ESTIMATES, TARGET: AMD will obtain 1% of the desktop, notebook and server markets this year and 4% of those markets in 2018, the analyst forecast. He thinks that the company's new higher margin processors will boost its gross margins by three percentage points this year, and he projects that AMD's 2017 earnings per share will beat expectations by 17c. Lipacis raised his price target on the shares to $16 from $13. PRICE ACTION: In morning trading, AMD jumped 6% to $14.34 per share. Over the last year, AMD shares have surged nearly 400%, as the stock was trading at $2.83 as of April 1, 2016.

AMD

AMD

$13.49

-0.16 (-1.17%)

INTC

Intel

$35.27

0.13 (0.37%)

  • 04

    Apr

  • 05

    Apr

AMD AMD
$13.49

-0.16 (-1.17%)

03/20/17
JEFF
03/20/17
NO CHANGE
Target $16
JEFF
Buy
Jefferies sees more share gains for AMD, ups target to $16
Jefferies analyst Mark Lipacis raised his price target for AMD (AMD) to $16 from $13 citing better visibility into the Ryzen 7 high-performance and Ryzen 5 power-performance desktop processor launch. The chipmaker closed Friday down 16c to $13.49. As AMD continues to roll out its Ryzen product offerings, incremental share gains will continue to expand in the near term, Lipacis tells investors in a research note. He believes the company's "ability to price between-the-seams" while achieving competitive performance will result in "meaningful" share gains from Intel (INTC) in the Desktop, Server, and Notebook markets starting in 2017. The analyst upped his estimates for AMD and keeps a Buy rating on the shares.
03/09/17
ADAM
03/09/17
NO CHANGE
Target $17
ADAM
Buy
AMD price target raised to $17 from $14 at Canaccord
Canaccord analyst Matthew Ramsay raised his price target on AMD (AMD) to $17 from $14 following investor meetings with CEO Lisa Su. Ramsay said the company is re-emerging as a competitive second source to Intel (INTC), its gradual GPU unit share recovery should be supplemented by the Vega launch in higher value tier markets, and the company is focused on delivering a multi-generational roadmap with the customer backing and foundry partners to do so. Ramsay reiterated his Buy rating on AMD shares.
02/22/17
RSBL
02/22/17
INITIATION
Target $16.5
RSBL
Buy
AMD initiated with a Buy at Rosenblatt
Rosenblatt analyst Hans Mosesmann initiated AMD with a Buy rating and $16.50 target.
02/21/17
MKMP
02/21/17
INITIATION
Target $13
MKMP
Neutral
AMD assumed with a Neutral at MKM Partners
MKM Partners assumed coverage on AMD with a Neutral and a $13 price target.
INTC Intel
$35.27

0.13 (0.37%)

03/20/17
03/20/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Pivotal Research analyst Brian Wieser downgraded Alphabet (GOOGL) to Hold from Buy citing brand safety concerns and valuation following the recent rally in the shares. News last week that Havas, the sixth largest global media network, is pulling its spending from Google's YouTube and Google Display Network in the U.K. because Google was "unable to provide specific reassurances, policy and guarantees that their video or display content is classified either quickly enough or with the correct filters" is a big deal, Wieser tells investors. 2. Canaccord analyst Lynne Collier downgraded Sonic (SONC) to Hold from Buy, citing challenging industry sales, the potential for Street estimates to be too high in the midst of soft sales, a lack of upcoming catalysts, and increasing competition from non-traditional venues such as convenience stores. 3. Piper Jaffray analyst Alexander Potter downgraded Mobileye (MBLY) to Neutral saying that while demanding a higher buyout price may be justified, he "begrudgingly" concluded that the price Intel (INTC) is paying for the company is fair. The analyst raised his price target for Mobileye shares to $63.54 from $60 to reflect Intel's offer. 4. Susquehanna analyst Sam Poser downgraded Caleres (CAL) citing the company's "disappointing" results and his belief that the company will not be able to overcome industry headwinds. 5. Goldman Sachs analyst Conor Fitzgerald downgraded Stifel Financial (SF) to Neutral from Buy while raising his price target for the shares to $59 from $58. The analyst believes LPL Financial (LPLA), a stock he upgraded this morning to Conviction Buy, offers more upside at current valuations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/20/17
PIPR
03/20/17
DOWNGRADE
Target $63.54
PIPR
Neutral
Mobileye downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Alexander Potter downgraded Mobileye (MBLY) to Neutral saying that while demanding a higher buyout price may be justified, he "begrudgingly" concluded that the price Intel (INTC) is paying for the company is fair. The analyst raised his price target for Mobileye shares to $63.54 from $60 to reflect Intel's offer.
03/15/17
FBCO
03/15/17
DOWNGRADE
Target $35
FBCO
Neutral
Intel downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst John Pitzer downgraded Intel to Neutral and lowered his price target for the shares to $35 from $45. Intel is a better company than a stock, Pitzer tells investors in a research note.

TODAY'S FREE FLY STORIES

NEWM

New Media

$12.75

0.045 (0.35%)

14:51
05/26/17
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14:51
Conference/Events
New Media management to meet with Stephens »

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FSIC

FS Investment

$9.25

0.1 (1.09%)

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Breaking Hot Stocks news story on FS Investment »

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SONS

Sonus

$6.91

-0.12 (-1.71%)

14:47
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Conference/Events
Sonus management to meet with William Blair »

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GOOG

Alphabet

$969.54

14.58 (1.53%)

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Alphabet Class A

$991.86

14.25 (1.46%)

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Periodicals
Google creates AI-focused venture capital program, Axios reports »

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Alphabet

$969.54

14.58 (1.53%)

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Alphabet Class A

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14:45
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General news
NY Fed's 4-day reverse repo totaled $169.0 B (55 counterparties) »

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OOMA

Ooma

$8.58

0.075 (0.88%)

14:29
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Ooma CFO acquires 3,000 common shares »

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SHW

Sherwin-Williams

$334.27

0.18 (0.05%)

, VAL

Valspar

$113.06

0.6 (0.53%)

14:20
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Hot Stocks
Sherwin-Williams says Valspar acquisition expected to close on June 1 »

Sherwin-Williams (SHW)…

SHW

Sherwin-Williams

$334.27

0.18 (0.05%)

VAL

Valspar

$113.06

0.6 (0.53%)

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NVDA

Nvidia

$138.26

-0.31 (-0.22%)

, SFTBF

SoftBank

$79.50

3.295 (4.32%)

14:18
05/26/17
05/26
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Periodicals
SoftBank considering increasing Nvidia stake over time, Bloomberg says »

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NVDA

Nvidia

$138.26

-0.31 (-0.22%)

SFTBF

SoftBank

$79.50

3.295 (4.32%)

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  • 09

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$NSD

NASDAQ Market Internals

14:17
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Technical Analysis
NASDAQ market internals summary »

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OCRX

Ocera Therapeutics

$1.13

-0.01 (-0.88%)

14:17
05/26/17
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14:17
Conference/Events
Ocera Therapeutics to hold a conference call »

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  • 02

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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MAR

Marriott

$106.53

0.65 (0.61%)

14:10
05/26/17
05/26
14:10
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14:10
Options
Repeat action in Marriott »

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CMG

Chipotle

$479.98

-1.41 (-0.29%)

14:04
05/26/17
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Hot Stocks
Chipotle says malware found during investigation of card security incident »

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F

Ford

$10.87

0.005 (0.05%)

14:04
05/26/17
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Conference/Events
Ford to host sales conference call »

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  • 12

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SPY

SPDR S&P 500 ETF Trust

$241.73

-0.03 (-0.01%)

, SPX

S&P 500

14:00
05/26/17
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Technical Analysis
On The Fly: Weekly technical notes for S&P 500 »

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SPY

SPDR S&P 500 ETF Trust

$241.73

-0.03 (-0.01%)

SPX

S&P 500

AMZN

Amazon.com

$993.38

13.03 (1.33%)

GOOG

Alphabet

$969.54

14.58 (1.53%)

GOOGL

Alphabet Class A

$991.86

14.25 (1.46%)

FB

Facebook

$151.96

1.92 (1.28%)

MSFT

Microsoft

$69.62

0.85 (1.24%)

AAPL

Apple

$153.87

0.53 (0.35%)

XLI

Industrial Select Sector SPDR

$67.45

0.12 (0.18%)

XLU

Utilities SPDR

$53.38

-0.0232 (-0.04%)

XLY

Consumer Discretionary Sector SPDR

$90.63

0.16 (0.18%)

XLF

Financial Select Sector

$23.66

0.04 (0.17%)

IYR

DJ US Real Estate Index Fund

$79.09

-0.53 (-0.67%)

XLE

Energy Select Sector SPDR

$66.54

0.04 (0.06%)

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  • 01

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TV

Grupo Televisa

$25.08

0.18 (0.72%)

14:00
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Options
Short-term put sellers back in Grupo Televisa »

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14:00
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General news
Energy Action: Baker-Hughes »

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MNK

Mallinckrodt

$43.29

2.29 (5.59%)

13:59
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  • 13

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NSANY

Nissan

$19.34

0.06 (0.31%)

, TSLA

Tesla

$316.83

6.61 (2.13%)

13:51
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Periodicals
Nissan near deal to sell battery unit for around $1B, Nikkei says »

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NSANY

Nissan

$19.34

0.06 (0.31%)

TSLA

Tesla

$316.83

6.61 (2.13%)

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PVG

Pretium Resources

$9.24

0.13 (1.43%)

13:50
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Options
Call buyers active in Pretrium Resources »

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13:40
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General news
Fedspeak resumes next week with SF Fed dove Williams »

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IWM

iShares Trust Russell 2000 Index Fund

$137.74

0.1592 (0.12%)

, RUT

Russell 2000 Index

13:26
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Technical Analysis
On The Fly: Weekly technical notes for Russell 2000 »

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iShares Trust Russell 2000 Index Fund

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Russell 2000 Index

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$NSD

NASDAQ Market Internals

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Technical Analysis
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$NYE

NYSE Market Internals

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NYSE market internals summary »

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HTZ

Hertz

$9.25

-0.31 (-3.24%)

13:15
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Options
Hertz put volume heavy and directionally bearish »

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