Strategic Wealth Partners CEO Mark Tepper Increases Position In AMD Ahead Of Earnings

This post was originally published on this site

Strategic Wealth Partners CEO Mark Tepper said the company recently increased its position by 75% in Advanced Micro Devices, Inc. (NASDAQ: AMD) Monday on CNBC’s “Trading Nation.”

Related Link: Analyzing Advanced Micro Devices’s Unusual Options Activity

AMD has been taking market share from Intel Corporation (NASDAQ: INTC) for the last few years, Tepper said.

The company has better innovation, performance and a better price point, he noted, adding it has a two- to three-year competitive lead on Intel.

AMD has lagged the semiconductor index by almost 25% in 2021, he said. 

Earnings: The company is set to report earnings on Tuesday.

Consensus analyst estimates are calling for earnings-per-share of $0.44 and revenue of $3.18-billion. 

See Also: Nvidia, AMD And Qualcomm Are Popping Off Monday

Price Action: AMD is down 7.07% year-to-date.

At last check Monday, the stock was up 3.20% at $85.41. 

(Photo courtesy of Advanced Micro Devices)

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Related Posts