Bank of America Securities Remains a Buy on Advanced Micro Devices (AMD)
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Arya covers the Technology sector, focusing on stocks such as Nvidia, ON Semiconductor, and Advanced Micro Devices. According to TipRanks, Arya has an average return of 18.8% and a 61.68% success rate on recommended stocks.
In addition to Bank of America Securities, Advanced Micro Devices also received a Buy from Mizuho Securities's Vijay Rakesh in a report issued yesterday. However, on August 12, Citi reiterated a Hold rating on Advanced Micro Devices (NASDAQ: AMD).
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Based on Advanced Micro Devices' latest earnings release for the quarter ending June 28, the company reported a quarterly revenue of $7.69 billion and a net profit of $872 million. In comparison, last year the company earned a revenue of $5.84 billion and had a net profit of $265 million
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, PAUL DARREN GRASBY, the EVP & CSO of AMD sold 10,000.00 shares for a total of $1,732,100.00.
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