Morgan Stanley Lowers Advanced Micro Devices (NASDAQ:AMD) Price Target to $121.00

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price objective cut by equities research analysts at Morgan Stanley from $137.00 to $121.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the semiconductor manufacturer's stock. Morgan Stanley's price target points to a potential upside of 22.69% from the stock's current price.

A number of other research firms have also recently weighed in on AMD. Hsbc Global Res cut shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research report on Wednesday, January 8th. StockNews.com cut Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Sanford C. Bernstein cut their price objective on Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Melius Research reaffirmed a "hold" rating and set a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Finally, Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $137.53.

Advanced Micro Devices Stock Down 2.0 %

Advanced Micro Devices stock opened at $98.62 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The company has a market cap of $159.40 billion, a PE ratio of 99.62, a PEG ratio of 1.11 and a beta of 1.97. The business's 50-day simple moving average is $97.29 and its two-hundred day simple moving average is $117.51.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm's revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 earnings per share. Equities analysts anticipate that Advanced Micro Devices will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently made changes to their positions in the business. IvyRock Asset Management HK Ltd acquired a new stake in Advanced Micro Devices in the 1st quarter valued at $247,000. Firetrail Investments PTY Ltd. raised its stake in shares of Advanced Micro Devices by 3.8% during the first quarter. Firetrail Investments PTY Ltd. now owns 81,542 shares of the semiconductor manufacturer's stock valued at $8,468,000 after purchasing an additional 2,998 shares during the period. Caliber Wealth Management LLC KS acquired a new position in shares of Advanced Micro Devices during the first quarter worth $1,191,000. Trilogy Capital Inc. grew its holdings in Advanced Micro Devices by 37.5% during the 1st quarter. Trilogy Capital Inc. now owns 24,069 shares of the semiconductor manufacturer's stock valued at $2,473,000 after purchasing an additional 6,562 shares in the last quarter. Finally, Amazon Com Inc. purchased a new stake in Advanced Micro Devices during the 1st quarter worth $84,476,000. Hedge funds and other 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.

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