Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $178.00 at Morgan Stanley

Advanced Micro Devices (NASDAQ:AMD) had its price objective increased by Morgan Stanley from $176.00 to $178.00 in a research note released on Wednesday, Benzinga reports. They currently have an equal weight rating on the semiconductor manufacturer’s stock.

A number of other analysts also recently weighed in on the company. Roth Mkm decreased their price objective on Advanced Micro Devices from $190.00 to $180.00 and set a buy rating for the company in a report on Wednesday, May 1st. Bank of America decreased their price objective on Advanced Micro Devices from $195.00 to $180.00 and set a buy rating for the company in a report on Wednesday. Benchmark decreased their price objective on Advanced Micro Devices from $245.00 to $200.00 and set a buy rating for the company in a report on Thursday, May 2nd. Barclays decreased their price objective on Advanced Micro Devices from $235.00 to $180.00 and set an overweight rating for the company in a report on Monday, July 29th. Finally, Susquehanna reaffirmed a positive rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $193.45.

Advanced Micro Devices Stock Down 0.0 %

Shares of AMD opened at $132.50 on Wednesday. Advanced Micro Devices has a one year low of $93.11 and a one year high of $227.30. The company has a market cap of $214.45 billion, a P/E ratio of 194.86, a P/E/G ratio of 1.79 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 1.92. The firm has a 50 day simple moving average of $160.41 and a two-hundred day simple moving average of $167.82.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. Research analysts forecast that Advanced Micro Devices will post 2.58 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of large investors have recently modified their holdings of AMD. Pinnacle Financial Partners Inc boosted its stake in Advanced Micro Devices by 5.5% during the fourth quarter. Pinnacle Financial Partners Inc now owns 3,568 shares of the semiconductor manufacturer’s stock worth $526,000 after acquiring an additional 185 shares in the last quarter. Stonegate Investment Group LLC lifted its stake in shares of Advanced Micro Devices by 133.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,747 shares of the semiconductor manufacturer’s stock worth $995,000 after buying an additional 3,857 shares in the last quarter. Coastline Trust Co lifted its stake in shares of Advanced Micro Devices by 8.6% in the fourth quarter. Coastline Trust Co now owns 7,822 shares of the semiconductor manufacturer’s stock worth $1,153,000 after buying an additional 620 shares in the last quarter. Colonial River Wealth Management LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $387,000. Finally, Independence Bank of Kentucky lifted its stake in shares of Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after buying an additional 1,677 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.