Advanced Micro Devices (NASDAQ:AMD) Price Target Lowered to $177.00 at Morgan Stanley

Advanced Micro Devices (NASDAQ:AMD) had its price target reduced by Morgan Stanley from $193.00 to $177.00 in a research report sent to investors on Monday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the semiconductor manufacturer’s stock.

A number of other brokerages have also recently issued reports on AMD. DZ Bank reissued a hold rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, March 7th. Raymond James lowered Advanced Micro Devices from a strong-buy rating to an outperform rating and boosted their price objective for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. StockNews.com lowered Advanced Micro Devices from a hold rating to a sell rating in a research report on Thursday, April 25th. TD Cowen boosted their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a buy rating in a report on Thursday, April 18th. Finally, Rosenblatt Securities restated a buy rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of Moderate Buy and a consensus price target of $184.68.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $160.20 on Monday. The stock has a market capitalization of $258.91 billion, a PE ratio of 308.08, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. The business’s fifty day moving average price is $177.19 and its 200 day moving average price is $151.21. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices has a 12-month low of $81.02 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices will post 2.64 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 341,143 shares of company stock valued at $62,580,844. Corporate insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Tradewinds Capital Management LLC increased its stake in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares during the period. Peoples Bank KS acquired a new position in shares of Advanced Micro Devices in the third quarter worth $26,000. Spartan Planning & Wealth Management acquired a new stake in Advanced Micro Devices during the third quarter valued at $27,000. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $28,000. Finally, Bare Financial Services Inc acquired a new position in Advanced Micro Devices in the 4th quarter worth about $29,000. 71.34% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

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.