A research report was published today by Wedbush analyst Betsy Van Hees on Advanced Micro Devices, Inc. (NASDAQ:AMD) after hosting an investor meeting yesterday with the company’s CTO and Sr. VP, Mark Papermaster, on Day 2 of the 13th Semi-Annual Bus Tour in Silicon Valley. The meeting focused on the execution of AMD’s new product strategy roadmap and upcoming high bandwidth memory technology. The analyst reiterated a Neutral rating on the stock with a price target of $2.50. Shares of AMD are currently trading at $2.34, up $0.01, or 0.65%.

Hees commented, “We came away encouraged with management’s confidence and intense focus on executing its new product roadmap; however, we still believe there are a lot of unknowns and uncertainties. AMD continues to face NT headwinds as it works through OEM and channel inventories in an already weak PC market.”

Further, “We continue to believe AMD is on the right track, but maintain our NEUTRAL as 2015 like 2014 is a year of transition. Our 12-month PT of $2.50 is based upon about a 0.70x EV/revenue multiple of our 2016 revenue estimate of $4.65B.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Betsy Van Hees has a total average return of 19.2% and a 55.8% success rate. Hees has a -21.9% average return when recommending AMD, and is ranked #234 out of 3621 analysts.

Out of the 21 analysts polled by TipRanks, 4 rate Advanced Micro Devices stock a Buy, 10 rate the stock a Hold, and 7 recommend a Sell. With a return potential of 8.8%, the stock’s consensus target price stands at $2.55.