Shares of chipmaker Advanced Micro Devices rose on Thursday, following a report that said the European Commission hasn’t objected to the company’s proposed $35 billion acquisition of Xilinx .
Citing knowledgeable source, Dealreporter mentioned that the Commission hasn’t called on a state-of-play meeting in its Phase I investigation of the deal.
In April, the two semiconductor companies announced that their shareholders have given the nod to the deal, under which AMD would pay 1.7234 shares for each Xilinx share. According to the companies’ stamen, the acquisition would combine central processing units, graphics processing units, field programmable gate arrays, adaptive systems on chips, and deep software expertise to enable leadership in computing platforms for cloud, edge and end devices.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where AMD declined for three days, in of 287 cases, the price declined further within the following month. The odds of a continued downward trend are .
AMD moved below its 50-day moving average on April 02, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for AMD crossed bearishly below the 50-day moving average on April 01, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The Aroon Indicator for AMD entered a downward trend on April 17, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator entered the oversold zone -- be on the watch for AMD's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMD advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .
AMD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 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 62, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady 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 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 (4.454) is normal, around the industry mean (6.420). P/E Ratio (290.604) is within average values for comparable stocks, (115.554). Projected Growth (PEG Ratio) (0.625) is also within normal values, averaging (2.540). AMD has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.021). P/S Ratio (11.038) is also within normal values, averaging (34.446).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of integrated circuits for semiconductors
Industry Semiconductors