Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $158.00 by Analysts at Morgan Stanley

Advanced Micro Devices (NASDAQ:AMD) had its price objective lowered by Morgan Stanley from $169.00 to $158.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the semiconductor manufacturer’s stock.

A number of other brokerages have also recently issued reports on AMD. Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $180.00 to $155.00 in a report on Monday, December 9th. Mizuho dropped their target price on shares of Advanced Micro Devices from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. TD Cowen lowered their price target on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Citigroup dropped their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Evercore ISI lifted their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $191.96.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $119.21 on Friday. Advanced Micro Devices has a 1 year low of $117.90 and a 1 year high of $227.30. The company has a fifty day simple moving average of $142.00 and a 200 day simple moving average of $150.61. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a market cap of $193.45 billion, a P/E ratio of 107.40, a P/E/G ratio of 1.88 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. On average, sell-side analysts predict that Advanced Micro Devices will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AMD. LRI Investments LLC increased its position in shares of Advanced Micro Devices by 601.8% during the 2nd quarter. LRI Investments LLC now owns 1,923 shares of the semiconductor manufacturer’s stock valued at $312,000 after purchasing an additional 1,649 shares during the last quarter. McAdam LLC raised its holdings in shares of Advanced Micro Devices by 49.1% in the 2nd quarter. McAdam LLC now owns 3,619 shares of the semiconductor manufacturer’s stock worth $587,000 after purchasing an additional 1,191 shares during the period. Kanawha Capital Management LLC bought a new position in Advanced Micro Devices during the second quarter valued at $317,000. SNS Financial Group LLC increased its position in Advanced Micro Devices by 3.7% in the second quarter. SNS Financial Group LLC now owns 2,158 shares of the semiconductor manufacturer’s stock worth $350,000 after buying an additional 76 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its stake in shares of Advanced Micro Devices by 9.3% in the second quarter. Clear Creek Financial Management LLC now owns 4,686 shares of the semiconductor manufacturer’s stock valued at $760,000 after buying an additional 397 shares during the period. 71.34% of the stock is owned by institutional investors.

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.