2 Analysts Upgrade Semiconductor Stock

AMD has legged out the S&P 500 in the last month

Deputy Editor
Nov 14, 2022 at 9:13 AM
facebook X logo linkedin


Advanced Micro Devices, Inc. (NASDAQ:AMD) is up 3.5% to trade at $74.92 ahead of the bell, after receiving bull notes from Baird and UBS. The former upgraded the shares to "outperform" from "neutral," while the latter upgraded AMD to "buy" and hiked its price target to $95 from $75. Both firms noted positive industry cyclical trends and highlighted strong demand for the chip manufacturer's Genoa chip.

Fresh off its fourth-straight weekly win, Advanced Micro Devices stock is a notable outperformer of late, boasting a 25.1% one-month return versus the SPDR S&P 500 ETF Trust's (SPY) 11.8% gain in the same timeframe. However, AMD still stands 50.4% lower year-over-year, and has its overhead 80-day moving average to contend with today. 

In the options pits, Advanced Micro Devices stock sports a 10-day put/call volume ratio of 0.87 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks in the 98th percentile of its annual range. In other words, these traders have had a healthier-than usual appetite for puts in the last two weeks.

Now might be the perfect time for options players to speculate on the stock's next move higher. Advanced Micro Devices stock's Schaeffer's Volatility Index (SVI) sits in the relatively low 30th annual percentile. It's also worth noting the AMD's Schaeffer's Volatility Scorecard (SVS) stands at a relatively high 83 out of 100. This means the equity has exceeded options traders' volatility expectations during the past year.

 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI