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

Advanced Micro Devices (NASDAQ:AMD) had its target price boosted by Morgan Stanley from $176.00 to $178.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor manufacturer’s stock. Morgan Stanley’s target price would indicate a potential upside of 23.18% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. UBS Group reduced their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Barclays reduced their target price on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday. TD Cowen upped their price objective on shares of Advanced Micro Devices from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Benchmark reduced their price objective on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded up $6.06 during midday trading on Wednesday, hitting $144.50. The company’s stock had a trading volume of 86,759,484 shares, compared to its average volume of 63,662,949. The company has a 50-day moving average price of $162.06 and a two-hundred day moving average price of $168.26. The company has a market cap of $233.56 billion, a price-to-earnings ratio of 212.78, a PEG ratio of 1.62 and a beta of 1.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. Advanced Micro Devices has a 1-year low of $93.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS. As a group, sell-side analysts predict that Advanced Micro Devices will post 2.6 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on 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 approximately $245,757,319.38. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of AMD. Tradewinds Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares during the period. Morton Brown Family Wealth LLC increased its position in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 85 shares during the period. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Semmax Financial Advisors Inc. boosted its stake in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 139 shares in the last quarter. Finally, Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $29,000. 71.34% of the stock is owned by institutional investors and hedge funds.

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.