Oppenheimer analyst Rick Schafer reiterated a Hold rating on Advanced Micro Devices (NASDAQ: AMD) yesterday. The company’s shares closed yesterday at $12.75.

According to TipRanks.com, Schafer is a top 100 analyst with an average return of 17.4% and a 73.2% success rate. Schafer covers the Technology sector, focusing on stocks such as Adesto Technologies Corp, NXP Semiconductors, and Skyworks Solutions.

Currently, the analyst consensus on Advanced Micro Devices is Moderate Buy and the average price target is $12.64, representing a -0.9% downside.

In a report issued on May 2, Stifel Nicolaus also reiterated a Hold rating on the stock with a $11 price target.

The company has a one year high of $15.55 and a one year low of $3.69. Currently, Advanced Micro Devices has an average volume of 69.85M.

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Advanced Micro Devices, Inc. is a global semiconductor company that develops computer processors and related technologies for business and consumer markets. It design and integrate technology for intelligent devices, including personal computers, game consoles and cloud servers. It operates through the following segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop, notebook processors, chipsets, discrete GPUs and professional graphics. The Enterprise, Embedded and Semi-Custom segment includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. The company was founded by W. J. Sanders III and David John Carey on May 1, 1969 and is headquartered in Sunnyvale, CA.