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Sarah Patel's Avatar
published in Blogs
Aug 14, 2021

AMD (AMD, $110.55) is "top catch-up candidate" at Bank of America

Advanced Micro Devices  shares got designated as a  “top catchup candidate” by Bank of America. Bank of America analyst Vivek Arya has a buy rating and $135 price target on the semiconductor company’s shares.

The analyst noted that AMD has the strongest upward earnings-per-share revisions among chipmakers  and “a clear path” to doubling EPS to about $5 per share. According to Arya, AMD shares are trading at a substantial discount to its competitors.

Arya expects AMD to gain market share from Intel , as the latter focuses on expanding into the noncore foundry market.

Related Ticker: AMD

AMD in upward trend: price rose above 50-day moving average on May 05, 2023

AMD moved above its 50-day moving average on May 05, 2023 date and that indicates a change from a downward trend to an upward trend. In of 39 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 05, 2023. You may want to consider a long position or call options on AMD as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for AMD just turned positive on May 08, 2023. Looking at past instances where AMD's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for AMD crossed bullishly above the 50-day moving average on May 11, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMD advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 260 cases where AMD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for AMD moved out of overbought territory on June 07, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where AMD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AMD broke above its upper Bollinger Band on May 25, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AMD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.471) is normal, around the industry mean (7.004). AMD's P/E Ratio (625.000) is considerably higher than the industry average of (54.222). Projected Growth (PEG Ratio) (1.916) is also within normal values, averaging (2.573). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. P/S Ratio (8.285) is also within normal values, averaging (11.793).

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), Texas Instruments (NASDAQ:TXN), QUALCOMM (NASDAQ:QCOM), Intel Corp (NASDAQ:INTC), Applied Materials (NASDAQ:AMAT), Analog Devices (NASDAQ:ADI), Lam Research Corp (NASDAQ:LRCX).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 27.35B. The market cap for tickers in the group ranges from 13.43K to 925.63B. NVDA holds the highest valuation in this group at 925.63B. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was 2%. For the same Industry, the average monthly price growth was 16%, and the average quarterly price growth was 21%. AEHR experienced the highest price growth at 26%, while PRSO experienced the biggest fall at -41%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was -47%. For the same stocks of the Industry, the average monthly volume growth was 20% and the average quarterly volume growth was 29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 55
Price Growth Rating: 46
SMR Rating: 62
Profit Risk Rating: 62
Seasonality Score: 1 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of integrated circuits for semiconductors

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
2485 Augustine Drive
Phone
+1 408 749-4000
Employees
25000
Web
http://www.amd.com
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AMD and

Correlation & Price change

A.I.dvisor indicates that over the last year, AMD has been closely correlated with NVDA. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if AMD jumps, then NVDA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AMD
1D Price
Change %
AMD100%
-5.12%
NVDA - AMD
83%
Closely correlated
-3.04%
ASML - AMD
81%
Closely correlated
-0.93%
ADI - AMD
80%
Closely correlated
+1.35%
AMAT - AMD
78%
Closely correlated
+0.78%
LRCX - AMD
77%
Closely correlated
-0.21%
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