Advanced Micro Devices, Inc. (NYSE:AMD) to introduce FM2 and AM3+ sockets for next year

Advanced Micro DevicesThe renowned microprocessor maker Advanced Micro Devices, Inc. (NYSE:AMD) recently disclosed that it plans to replace its CPU products by mid Aprilusing AM3 and FM1 sockets to gradually leave the long enjoyed market.

Moreover, the company will also phase out its AM3 processors at the end of current year. According to company’s latest plans it will cut the prices for its FX 4300, 8320 and 6300 sockets by 12 to 20 US dollars in the second quarter.

The quad core processors based on FM2 socket will have price cut by 10 US dollars. AMD’s existing quad core and dual core processors series feature FM2 sockets. Company said that in 2014 its mainstream processors will feature the FM2 socket while the FX series products will have AM3+ socket. AMD currently designs several FX series chips including quad core, six core and eight core that feature AM3 sockets.

Coming to the stock performance in last Session; Advanced Micro Devices, Inc. (NYSE:AMD) in last trading session end up at $2.29 by falling -1.72 with traded volume of 13.73 million shares which is up the average volume of 13.29 million shares.

The stock price saw week’s volatility of 3.30% and month’s volatility is 3.43%, while the stock price of the company is moving down from its 20 days moving average with -10.23% and isolated negatively from 50 days moving average with -11.75%.

Looking at Analytic Ratios; the price to sales ratio of AMD in past twelve months was calculated as 0.30 and price to cash ratio as 1.63. Company return on equity ratio is recorded as -111.18% and its return on assets is -26.42%.

AMD belongs to Technology sector. Yesterday Dow Jones U.S. Technology Index (STC) was at 732.57 with -0.97% change.

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