Advanced Micro Devices, Inc. (AMD) reported its fiscal second quarter earnings that topped analysts’ expectations, while revenue was close to estimates.
The semiconductor company’s earnings for the quarter were $1.05 per share, which exceeded analyst’ expectations of $0.91 per share.
Revenue surged +70% year-over-year to $6.6 billion, in line with expectations.
The company’s revenue from its Data Center segment was up +83% from the year-ago quarter to $1.5 billion. Client segment revenue was up +25% y/y to $2.2 billion. Revenue from Gaming business rose +32% y/y to $1.7 billion. Embedded segment revenue grew 2,228% y/y.
Looking ahead, AMD expects revenue for its fiscal third quarter to be about $6.7 billion, (plus or minus $200 million). For the full fiscal year 2022, the company projects revenue to be around $26.3 billion (plus or minus $300 million) –which would imply a +60% increase over 2021.
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 .
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 44 cases over the following month. The odds of a continued upward trend are .
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.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where AMD advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for AMD moved out of overbought territory on May 31, 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 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 16 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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.
The Aroon Indicator for AMD entered a downward trend on May 09, 2023. 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 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 (3.481) is normal, around the industry mean (6.949). AMD's P/E Ratio (625.000) is considerably higher than the industry average of (53.678). Projected Growth (PEG Ratio) (1.921) is also within normal values, averaging (2.555). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. P/S Ratio (8.306) is also within normal values, averaging (11.547).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of integrated circuits for semiconductors
A.I.dvisor indicates that over the last year, AMD has been closely correlated with NVDA. These tickers have moved in lockstep 84% 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.
|NVDA - AMD|
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|ADI - AMD|
|AMAT - AMD|
|LRCX - AMD|