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Advanced Micro Devices (AMD) Gets a Buy Rating from Jefferies

In a report issued on June 1, Mark Lipacis from Jefferies maintained a Buy rating on Advanced Micro Devices (AMDResearch Report). The company’s shares closed last Friday at $73.67, close to its 52-week low of $72.69.

According to TipRanks.com, Lipacis is a top 25 analyst with an average return of 26.2% and a 65.0% success rate. Lipacis covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Smart Global Holdings, and NXP Semiconductors.

Currently, the analyst consensus on Advanced Micro Devices is a Moderate Buy with an average price target of $133.38, a 77.4% upside from current levels. In a report issued on June 22, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $103.00 price target.

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Based on Advanced Micro Devices’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.89 billion and net profit of $786 million. In comparison, last year the company earned revenue of $3.45 billion and had a net profit of $555 million.

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Founded in 1969, California-based Advanced Micro Devices, Inc. is America’s leading semiconductor company. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services. The Enterprise, Embedded and Semi-Custom segment includes server and embedded processors, semi-custom System-on-Chip products, development services and technology for game consoles.

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