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Advanced Micro Devices (AMD) Receives a Rating Update from a Top Analyst

In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on Advanced Micro Devices (AMDResearch Report), with a price target of $115.00. The company’s shares closed last Friday at $94.47.

According to TipRanks.com, Rolland is a top 25 analyst with an average return of 25.8% and a 74.2% success rate. Rolland covers the Technology sector, focusing on stocks such as Lattice Semiconductor, NXP Semiconductors, and Skyworks Solutions.

Advanced Micro Devices has an analyst consensus of Moderate Buy, with a price target consensus of $127.22, which is a 40.3% upside from current levels. In a report issued on July 19, Wells Fargo also maintained a Buy rating on the stock with a $130.00 price target.

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The company has a one-year high of $164.46 and a one-year low of $71.60. Currently, Advanced Micro Devices has an average volume of 105.8M.

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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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