We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AMD and Mentor Graphics Ink Deal on Embedded Technology
Read MoreHide Full Article
Advanced Micro Devices, Inc. (AMD - Free Report) has reportedly inked a three-year partnership with Mentor Graphics , which will enable it to offer more choices to embedded developers in the x86 architecture high-performance computing segment.
Per the announcement, customers will be able to download Mentor Embedded Sourcery CodeBench Lite and Mentor Embedded Linux Lite for free to design new solutions and applications.
The partnership will enable developers to access useful Linux tools so as to build new applications in the fields of industrial, healthcare, casino gaming and more.
We note that, in 2014, the two companies had founded an embedded software ecosystem complete with open-source tools to build, analyze, debug and optimize embedded software.
With more and more devices become interconnected, Moore’s Law is getting validated time and again. Moreover, microprocessors at the core of the devices are becoming even smaller in size, better at performance and last but not the least easy on the pocket.
As per an IDC report, worldwide intelligent systems revenues are expected to reach over $2.2 trillion in 2020 that is currently growing at a CAGR of 7.2%. Given the immense scope the sector offers, Advanced Micro’s efforts to further strengthen its position in the burgeoning embedded market looks aptly timed and promise growth in the coming years.
Stock Performance Overview
We note that shares of AMD have outperformed the broader Zacks Elec-Semiconductors industry on a year-to-date basis. While the stock has returned a phenomenal 202.4%, the broader sector has returned only 38.8%.
The upside momentum in the stock was primarily driven by the introduction of several new Accelerated Processing Units (APUs) and Graphichs Processing Units (GPUs). Additionally, upcoming new products like Zen will drive top-line growth in the long run.
Moreover, partnerships with the likes of Alibaba will boost its competitive prowess. We also note that Radeon technology continues to gain traction, which is positive for the company's top-line growth.
Zacks Rank and Stock to Consider
At present, Advanced Micro carries a Zacks Rank #2 (Buy).
Notably, the consensus estimate for Applied Optoelectronics’ current year has improved to 81 cents from 51 cents over the last 30 days.
Similarly, the consensus estimate for Cirrus Logic’s current year has improved to $3.73 from $ 2.89 over the last 60 days.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AMD and Mentor Graphics Ink Deal on Embedded Technology
Advanced Micro Devices, Inc. (AMD - Free Report) has reportedly inked a three-year partnership with Mentor Graphics , which will enable it to offer more choices to embedded developers in the x86 architecture high-performance computing segment.
Per the announcement, customers will be able to download Mentor Embedded Sourcery CodeBench Lite and Mentor Embedded Linux Lite for free to design new solutions and applications.
The partnership will enable developers to access useful Linux tools so as to build new applications in the fields of industrial, healthcare, casino gaming and more.
We note that, in 2014, the two companies had founded an embedded software ecosystem complete with open-source tools to build, analyze, debug and optimize embedded software.
ADV MICRO DEV Price
ADV MICRO DEV Price | ADV MICRO DEV Quote
What this Means for AMD?
With more and more devices become interconnected, Moore’s Law is getting validated time and again. Moreover, microprocessors at the core of the devices are becoming even smaller in size, better at performance and last but not the least easy on the pocket.
As per an IDC report, worldwide intelligent systems revenues are expected to reach over $2.2 trillion in 2020 that is currently growing at a CAGR of 7.2%. Given the immense scope the sector offers, Advanced Micro’s efforts to further strengthen its position in the burgeoning embedded market looks aptly timed and promise growth in the coming years.
Stock Performance Overview
We note that shares of AMD have outperformed the broader Zacks Elec-Semiconductors industry on a year-to-date basis. While the stock has returned a phenomenal 202.4%, the broader sector has returned only 38.8%.
The upside momentum in the stock was primarily driven by the introduction of several new Accelerated Processing Units (APUs) and Graphichs Processing Units (GPUs). Additionally, upcoming new products like Zen will drive top-line growth in the long run.
Moreover, partnerships with the likes of Alibaba will boost its competitive prowess. We also note that Radeon technology continues to gain traction, which is positive for the company's top-line growth.
Zacks Rank and Stock to Consider
At present, Advanced Micro carries a Zacks Rank #2 (Buy).
Some better-ranked stocks in the broader technology space are Applied Optoelectronics, Inc. (AAOI - Free Report) and Cirrus Logic, Inc. (CRUS - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Notably, the consensus estimate for Applied Optoelectronics’ current year has improved to 81 cents from 51 cents over the last 30 days.
Similarly, the consensus estimate for Cirrus Logic’s current year has improved to $3.73 from $ 2.89 over the last 60 days.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>