Cramer reacts to AMD-Xilinx tie-up: 'I think the stock's a steal'
"I think AMD still has a ton of upside. "At these levels, I think the stock's a steal." Xilinx shares surged more than 8% to close at $124.35 Tuesday. AMD said earlier this year that data center sales could account for 30% of its business in the next three years. The data center made up 15% of sales last year.
cnbc.comAs world goes online in pandemic, another mammoth chip deal
AMD and Xilinx is a huge tie-up in a season of massive buyouts for the semiconductor industry. Xilinx stockholders will receive 1.7234 shares of AMD stock for each Xilinx share they hold, or approximately $143 per share of Xilinx stock. AMD stockholders will own about 74% of the combined company, with Xilinx stockholders owning approximately 26%. AMD CEO Dr. Lisa Su will lead the combined company as CEO. The deal is expected to close by the end of next year, but still needs approval from regulators and shareholders of both companies.
CEO pay has topped $12.3M. Can it keep rising post-pandemic?
The 4.1% rise in median pay was a slowdown for S&P 500 CEOs, who had seen their pay jump 7.2% the year before and by even more in earlier years. SAY ON PAYThe slowdown in CEO pay across the S&P 500 is partly due to the increased voice investors have gotten on the subject, shareholder advocates say. The S&P 500 lost as much as a third of its value earlier this year, when worries about the recession were at their peak. Corporate profits, another key measure for CEO pay, are also expected to crater. Across the S&P 500, earnings per share will likely sink 33% this year, strategists at Goldman Sachs say.
AMDS Su, Discoverys Zaslav among highest paid CEOs
Change from last year: 338%Her pay vs typical company worker: 604 times, up from 165Overall ranking: No. Virginia M. RomettyIBM$19.1 millionChange from last year: 9%Her pay vs typical company worker: 354 times, up from 319Overall ranking: 57___5. David ZaslavDiscovery$45.8 millionChange from last year: -65%His pay vs typical company worker: 578 times, down from 1,511Overall ranking: No. Shantanu NarayenAdobe Inc.$39.1 millionChange from last year: 38%His pay vs typical company worker: 266 times, up from 200Overall ranking: No. Larry J. MerloCVS Health$36.5 millionChange from last year: 66%His pay vs typical company worker: 790 times, up from 618Overall ranking: No.
AMD's Lisa Su is first woman to top AP's CEO pay analysis
FILE - In this May 1, 2019 photo, Lisa Su, president and CEO of AMD, attends the opening bell at Nasdaq, in New York. Pay for women was up 2.3% from last year, looking at the median; the median change for men was 5.4%. The gain was driven primarily by rewards for performance, including $53 million in stock awards and $3 million in stock options, which vest over several years. To calculate CEO pay, Equilar adds salary, bonus, perks, stock awards, stock option awards, deferred compensation and other pay components that include benefits and perks. Stock awards can either be time-based, or performance-based, meaning the CEO has to meet certain goals before getting them.
AMD falls after soft revenue projection
Excluding certain items, 32 cents per share, vs. 31 cents per share as expected by analysts, according to Refinitiv. Revenue: $2.13 billion, vs. $2.11 billion as expected by analysts, according to Refinitiv. Revenue growth for the 2019 fiscal year, at $6.73 billion, was up 4%. The revenue forecast was below the $1.86 billion Refinitiv revenue consensus. For the 2020 fiscal year AMD sees 28% to 30% revenue growth and a 45% gross margin, excluding certain items.
cnbc.comAMD just hit its first record high in two decades. Here's what's next
TradingAnalysis.com founder Todd Gordon said Thursday the charts are pointing to an even bigger rally for AMD. On a daily chart of AMD, Gordon emphasized that a "well-established uptrend" suggests there's more room to run for the stock. Su's tenure as CEO has actually strengthened the stock's fundamentals, Sanchez said. "They had solid Q3 2019 numbers with 9 percent growth and they are expected to continue to take market share away from Intel." Shares trade at 42 times forward earnings, more than twice the multiple on the S&P 500.
cnbc.comOne beaten-down semis stock could be in for a 40% rally, tech investor Paul Meeks says
The escalating trade war has taken a sledgehammer to tech stocks. That sell-off has uncovered opportunities in the space, according to Paul Meeks, lead portfolio manager of WIREX fund. "This is an interesting play, because they got splattered a couple days ago on their quarterly conference call," said Meeks. Meeks also likes tech stocks exposed to 5G adoption, a transition he expects to happen faster than many anticipate. I think that gap in fundamentals is going to be closed in about probably six to nine months," said Meeks.
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