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

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

Other equities analysts have also recently issued reports about the company. HSBC raised Advanced Micro Devices from a hold rating to a buy rating and lifted their price objective for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Roth Mkm cut their price objective on shares of Advanced Micro Devices from $190.00 to $180.00 and set a buy rating for the company in a research report on Wednesday, May 1st. KeyCorp decreased their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an overweight rating on the stock in a report on Tuesday, July 9th. Piper Sandler reaffirmed an overweight rating and set a $175.00 price target (down previously from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, Cantor Fitzgerald decreased their price objective on shares of Advanced Micro Devices from $200.00 to $180.00 and set an overweight rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of Moderate Buy and a consensus target price of $193.45.

Advanced Micro Devices Stock Down 0.0 %

AMD stock opened at $132.50 on Wednesday. The business’s fifty day moving average price is $160.41 and its two-hundred day moving average price is $167.75. The stock has a market capitalization of $214.16 billion, a price-to-earnings ratio of 194.86, a PEG ratio of 1.68 and a beta of 1.69. Advanced Micro Devices has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. 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 (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 6.00%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Micro Devices will post 2.6 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Advanced Micro Devices

Several large investors have recently added to or reduced their stakes in the business. Cherrydale Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 4.7% in the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after purchasing an additional 58 shares during the last quarter. Addison Advisors LLC increased its stake in Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 62 shares during the last quarter. Prentice Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 1.6% during the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after buying an additional 62 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after buying an additional 63 shares in the last quarter. Finally, Delta Financial Group Inc. boosted its stake in shares of Advanced Micro Devices by 5.0% in the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after buying an additional 63 shares during 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.