Auriga Maintains Sell Rating On Advanced Micro Devices, Inc. (AMD)

Analyst Daniel Berenbaum and Jie Liu at Auriga have released an update on Advanced Micro Devices, Inc. (NYSE: AMD). The company reported its first-quarter result on Thursday, which was broadly in-line with analysts’ estimates.

With the stock trading at 25x analysts’ CY10 EPS estimate and checks, which suggest continued market share loss due to weak competitive positioning in CPU, analysts have maintained their negative bias on the company and reiterated their Sell rating on it. The price target for Advanced Micro Devices stock has maintained at $6.