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According to TipRanks, Rakesh is a top 25 analyst with an average return of 82.5% and a 74.19% success rate. Rakesh covers the Technology sector, focusing on stocks such as Micron, Intel, and ARM Holdings PLC ADR.
In addition to Mizuho Securities, Advanced Micro Devices also received a Buy from Evercore ISI’s Mark Lipacis in a report issued on May 18. However, on May 19, Citi assigned a Hold rating to Advanced Micro Devices (NASDAQ: AMD).
Based on Advanced Micro Devices’ latest earnings release for the quarter ending March 28, the company reported a quarterly revenue of $10.25 billion and a net profit of $1.38 billion. In comparison, last year the company earned a revenue of $7.44 billion and had a net profit of $709 million
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMD in relation to earlier this year. Earlier this month, PAUL DARREN GRASBY, the EVP & CSO of AMD sold 24,376.00 shares for a total of $10,832,450.64.
