Susquehanna Reaffirms Their Buy Rating on Advanced Micro Devices (AMD)

Susquehanna analyst Christopher Rolland maintained a Buy rating on Advanced Micro Devices (AMDResearch Report) on May 31 and set a price target of $140.00. The company’s shares closed last Friday at $94.82.

According to, Rolland is a top 100 analyst with an average return of 24.6% and a 69.0% success rate. Rolland covers the Technology sector, focusing on stocks such as Lattice Semiconductor, Power Integrations, and NXP Semiconductors.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $138.40 average price target, a 40.1% upside from current levels. In a report issued on June 10, KeyBanc also maintained a Buy rating on the stock with a $150.00 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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