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Advanced Micro Devices (AMD) Receives a Hold from BMO Capital

BMO Capital analyst Ambrish Srivastava maintained a Hold rating on Advanced Micro Devices (AMDResearch Report) today and set a price target of $100.00. The company’s shares closed last Friday at $106.30.

According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 12.2% and a 67.0% success rate. Srivastava covers the Technology sector, focusing on stocks such as NXP Semiconductors, Skyworks Solutions, and Texas Instruments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $134.47 average 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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