Advanced Micro Devices, Inc. (AMD) Releases Radeon Software Crimson Edition Providing a Large Boost for Stock

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Advanced Micro Devices, Inc. (NASDAQ:AMD) today released its new Radeon Software Crimson Edition, which is a new graphics software aimed at bringing new and enhanced features, better graphics performance and much more to their users. This latest release really thrusts the company into the software market. For AMD, focusing more on the software side of things may be just what the company needs to attract new shareholders.

“As the primary way that people interact with our products, our software deserves to be viewed as a top priority, and going forward that’s exactly what we’re doing, delivering easy-to-use software that is packed with real user benefits, starting with Radeon Software Crimson Edition,” stated Raja Koduri, senior vice president and chief architect at Radeon Technologies Group. “Radeon Technologies Group is laser-focused on the vertical integration of all things graphics, propelling the industry forward by driving performance per watt, creating innovative technologies and ensuring that the software supporting our GPUs is world class.”

The stock is up 5.41% or $0.12 after the positive news, hitting $2.34 per share. About 12.41M shares traded hands or 52.46% up from the average. AMD has declined 2.63% since April 22, 2015 and is downtrending. It has underperformed by 1.62% the S&P500.

Out of 3 analysts covering Advanced Micro (NASDAQ:AMD), 1 rate it “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $2.05 is the highest target while $2.0 is the lowest. The $2.03 average target is -13.25% below today’s ($2.34) stock price. Advanced Micro was the topic in 3 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Vetr upgraded the stock on September 22 to “Strong-Buy” rating. Topeka Capital Markets initiated the shares of AMD in a report on August 13 with “Hold” rating.

The institutional sentiment decreased to 1.05 in Q2 2015. Its down 0.09, from 1.14 in 2015Q1. The ratio fall, as 38 funds sold all Advanced Micro Devices, Inc. shares owned while 56 reduced positions. 26 funds bought stakes while 73 increased positions. They now own 320.18 million shares or 12.12% more from 285.57 million shares in 2015Q1.

Shanda Payment Holdings Ltd. holds 6.67% of its portfolio in Advanced Micro Devices, Inc. for 6.14 million shares. Nichols Asset Management Llc owns 3.80 million shares or 1.63% of their US portfolio. Moreover, Mcglinn Capital Management Inc has 0.51% invested in the company for 92,600 shares. The Illinois-based Chicago Equity Partners Llc has invested 0.35% in the stock. Personal Capital Advisors Corp, a California-based fund reported 1.79 million shares.

Advanced Micro Devices, Inc. is a global semiconductor firm with facilities across the world. The company has a market cap of $1.85 billion. The Firm offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit , chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles. It currently has negative earnings. The Firm operates in two divisions: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.

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