Advanced Micro Devices (NASDAQ:AMD) PT Lowered to $101.00 at Morgan Stanley

Advanced Micro Devices (NASDAQ:AMDGet Rating) had its target price lowered by stock analysts at Morgan Stanley from $103.00 to $101.00 in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the semiconductor manufacturer’s stock. Morgan Stanley’s price objective would suggest a potential upside of 2.97% from the company’s previous close.

AMD has been the topic of several other reports. KeyCorp decreased their price target on shares of Advanced Micro Devices from $150.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Susquehanna decreased their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set a “positive” rating on the stock in a report on Wednesday, July 13th. The Goldman Sachs Group decreased their price target on shares of Advanced Micro Devices from $133.00 to $99.00 in a report on Friday, July 15th. Wells Fargo & Company decreased their price target on shares of Advanced Micro Devices from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, July 19th. Finally, Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $97.00 to $95.00 in a report on Thursday, June 30th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.48.

Advanced Micro Devices Price Performance

AMD stock opened at $98.09 on Tuesday. The company has a quick ratio of 1.96, a current ratio of 2.40 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 12 month low of $71.60 and a 12 month high of $164.46. The firm has a market cap of $158.96 billion, a P/E ratio of 36.46, a P/E/G ratio of 0.86 and a beta of 1.96. The company’s 50-day moving average price is $88.41 and its two-hundred day moving average price is $100.67.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last released its earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. Advanced Micro Devices had a net margin of 17.98% and a return on equity of 20.66%. During the same period last year, the company posted $0.58 EPS. On average, analysts anticipate that Advanced Micro Devices will post 3.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CFO Devinder Kumar sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $102.44, for a total transaction of $2,048,800.00. Following the completion of the sale, the chief financial officer now owns 504,370 shares in the company, valued at approximately $51,667,662.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 32,694 shares of the business’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the completion of the sale, the executive vice president now owns 37,800 shares in the company, valued at approximately $2,910,222. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Devinder Kumar sold 20,000 shares of the company’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $102.44, for a total transaction of $2,048,800.00. Following the completion of the sale, the chief financial officer now owns 504,370 shares of the company’s stock, valued at approximately $51,667,662.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,660 shares of company stock worth $7,462,511. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently made changes to their positions in AMD. Vanguard Group Inc. grew its position in Advanced Micro Devices by 36.9% during the first quarter. Vanguard Group Inc. now owns 133,525,143 shares of the semiconductor manufacturer’s stock valued at $14,599,640,000 after buying an additional 36,016,818 shares during the period. BlackRock Inc. grew its position in Advanced Micro Devices by 34.6% during the first quarter. BlackRock Inc. now owns 119,569,366 shares of the semiconductor manufacturer’s stock valued at $13,073,716,000 after buying an additional 30,732,205 shares during the period. State Street Corp grew its position in Advanced Micro Devices by 37.5% during the first quarter. State Street Corp now owns 65,577,025 shares of the semiconductor manufacturer’s stock valued at $7,170,192,000 after buying an additional 17,896,122 shares during the period. Fisher Asset Management LLC grew its position in Advanced Micro Devices by 22.2% during the first quarter. Fisher Asset Management LLC now owns 24,387,801 shares of the semiconductor manufacturer’s stock valued at $2,666,562,000 after buying an additional 4,431,251 shares during the period. Finally, Geode Capital Management LLC grew its position in Advanced Micro Devices by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 19,885,441 shares of the semiconductor manufacturer’s stock valued at $2,853,395,000 after buying an additional 593,949 shares during the period. Institutional investors own 69.61% of the company’s stock.

About Advanced Micro Devices

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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