Home / Features / Chipmaker Titian on Revamping Position: Advanced Micro Devices (NASDAQ:AMD), NVIDIA (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO)

Chipmaker Titian on Revamping Position: Advanced Micro Devices (NASDAQ:AMD), NVIDIA (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO)

Advanced Micro Devices, Inc. (NASDAQ:AMD) [Detail Analytic Report] rose around 2% in before market on Monday as it has sold majority stakes in two of its Asian operations in a contract value over $371M. The California semiconductor maker with major operations in Austin revealed on Friday in a regulatory filing that it had reached into contract to follow sale in October 2015 among China-based AMD Technologies Co. Ltd. as well as Malaysia-based Advanced Micro Devices Export Sdn. Bhd. and affiliates of Nantong Fujitsu Microelectronics Co. Ltd.

The declaration of alters comes one week following AMD inked a $293M licensing agreement with China-based Tianjin Haiguang Advanced Technology Investment Co. Ltd., for technology designed for Chinese server market that it will complement AMD products. Advanced Micro Devices, Inc. and Nantong Fujitsu Microelectronics Co., Ltd. (NFME) released that they contain closed transaction to create a JV offering differentiated assembly, test, mark, and pack (ATMP) capabilities to both AMD and a broader range of customers.

AMD President and CEO Dr. Lisa Su stated that combining AMD’s world-class teams and facilities in Penang and Suzhou with NFME’s expertise in growing assembly and it test market will make a new outsource congregation and test leader with scale and capabilities to assist them deliver their upcoming high-performance technologies and products that can re-shape industry.

Noting a main crunch of analyst research by WSJ, AMD under observation of quarterly per share earnings, it has second quarter 2016 trend of $-0.08, while in next quarter estimated EPS trend is $-0.03 and for annual basis for 2016 estimated EPS is $-0.28. Relatively pool of WSJ analyst issues diverse rating, as for current level it has 5 experts rated as “BUY” security, 2 analyst recommend as “Overweight,” and 16 experts rated as “Hold”.

NVIDIA Corporation (NASDAQ:NVDA) [Detail Analytic Report] reported that it will host a conference call on Thursday, May 12, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for Q1 of fiscal year 2017, ending May 1, 2016. Ahead of call, NVIDIA will provide written commentary on its Q1 results from its CFO.

NVIDIA (NASDAQ:NVDA) in graphics processing world with Advanced Micro Devices (NASDAQ:AMD) lead pack. Both have fundamentally cornered the GPU market, and their pursuits contain paid off substantially for investors over previous few years. NVIDIA is as well using its Tesla graphics processors to assist power its new DGX-1 supercomputer. The server will be used for a variety of high-powered calculations, comprising crunching data for driverless cars from cloud. To its credit, several of AMD’s latest Radeon GPUs are in several VR-ready computers as well. The firm is positioned to benefit from VR’s growth just as NVIDIA is, other than with its discrete GPU market share far behind NVIDIA’s, AMD won’t benefit to similar degree.

For current month, 0.30 analyst from pool recommended for an “overweight” rating, while 0.28 gave rating of “Buy” and 1.35 analysts suggest to “Hold” and 5 gave preference to “underweight,” according to research rating by WSJ. While alarming thing to be notice is price target, the average pool price target for NVDA has been mentioned as; 2 tends to high price target, medium level touched to 1, and 2 was assigned as lowest share price targets. To accommodate all of these, average analyst price target appeared by 18, where as the current price is 17, as per research conducted by WSJ.

Broadcom Limited (NASDAQ:AVGO) [Detail Analytic Report] and Cypress Semiconductor Corp. (CY) released that signing of a definitive contract under which Cypress will takeover Broadcom’s Wireless Internet of Things (IoT) business and related assets in an all-cash transaction worth at $550M.

Cypress President and CEO T.J. Rodgers stated that Cypress is a significant player in IoT for the reason that of their ultra-low-power PSoC programmable system-on-chip technology, but they only been able to pair it with generic radios up to now. Now they have highly regarded Broadcom IoT business state-of-the-art Wi-Fi, Bluetooth and Zigbee RF technologies that will transform them into a force in IoT and provide them with new market opportunities as well.

To narrow down focus on firm’s analytic rating, AVGO receives a wide range of reviews through technical indicators; experts eagerly produce EPS tends for quartile and annual, for current quarter trends were $-0.08 and $-0.03 for next quarter. On annual bases, it has $-0.28 for FY 2016 Estimate Trends and $-0.13 for FY 2017 Estimate Trends. To neat down this understanding, 1.35 analysts rate it as ‘Holding’ security, at the same time as 0.28 suggests for ‘Buy’ as compare to 0.31 analyst suggested in 3 month ago. To lodge it average analyst gave price target to 10.51, whereas current price stands at 10.52.

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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