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

Advanced Micro Devices (NASDAQ:AMD - Free Report) had its price objective trimmed by Morgan Stanley from $193.00 to $177.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has an overweight rating on the semiconductor manufacturer's stock.

A number of other research analysts also recently commented on the stock. UBS Group increased their price objective on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the company a buy rating in a research note on Thursday, January 25th. Rosenblatt Securities reissued a buy rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Cantor Fitzgerald restated an overweight rating and set a $190.00 price objective on shares of Advanced Micro Devices in a research report on Monday, March 4th. JPMorgan Chase & Co. raised their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a neutral rating in a research report on Wednesday, January 31st. Finally, HSBC upgraded shares of Advanced Micro Devices from a hold rating to a buy rating and raised their price objective for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of Moderate Buy and an average price target of $184.68.

Advanced Micro Devices Stock Up 1.8 %

NASDAQ AMD traded up $2.80 during trading hours on Monday, reaching $160.20. 43,392,332 shares of the company traded hands, compared to its average volume of 72,423,914. Advanced Micro Devices has a 12 month low of $81.02 and a 12 month high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $258.91 billion, a PE ratio of 307.04, a PEG ratio of 2.39 and a beta of 1.64. The company has a 50 day moving average of $177.46 and a two-hundred day moving average of $150.85.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting 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 firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the prior year, the firm posted $0.54 EPS. The firm's revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices will post 2.64 earnings per share for the current year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company's stock, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the firm's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock valued at $62,580,844 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the stock. Washburn Capital Management Inc. acquired a new stake in Advanced Micro Devices during the fourth quarter worth $231,000. Pathway Financial Advisors LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth $229,000. Independence Bank of Kentucky boosted its stake in Advanced Micro Devices by 84.1% during the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer's stock worth $541,000 after buying an additional 1,677 shares in the last quarter. Gendell Jeffrey L acquired a new stake in Advanced Micro Devices during the third quarter worth $3,085,000. Finally, Headlands Technologies LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth $1,759,000. Institutional investors and hedge funds 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.