Should You Buy the AMD Dip?
In this video, I will be talking about AMD (NASDAQ: AMD), the updates by some analysts, and the outlook of the company in an ever-growing industry. You can find the video below, but here are some highlights.
- An analyst at Barclays has cut his price target by 22% to $115 per share because of "cyclical risk across several end markets" looming in 2023 as well as increased competition from Intel.
- Meanwhile, an analyst at Rosenblatt recommends buying, as AMD is not in danger of missing its 30% year-over-year (YOY) growth target for 2022.
- The company expects full-year 2022 revenue to grow by approximately 31% to $21.5 billion, and analysts expect the company to grow earnings at a compound annual growth rate (CAGR) of 30% over the next five years.
- Last quarter the company reported that revenue grew 49% YOY and 12% quarter over quarter (QOQ).
- Earnings per share grew 77% YOY and 26% QOQ.
- AMD just closed its $35 billion acquisition of Xilinx, a leader in field-programmable gate arrays.
- McKinsey says that the semiconductor industry will be a trillion-dollar one in 2030.
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*Stock prices used were the closing prices of April 1, 2022. The video was published on April 4, 2022.
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Neil Rozenbaum owns Intel. The Motley Fool owns and recommends Advanced Micro Devices and Intel. The Motley Fool recommends the following options: long January 2023 $57.50 calls on Intel and short January 2023 $57.50 puts on Intel. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
