Advanced Micro Devices (NASDAQ:AMD) PT Raised to $30.00 at Morgan Stanley

Advanced Micro Devices (NASDAQ:AMD) had its target price boosted by equities researchers at Morgan Stanley from $28.00 to $30.00 in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the semiconductor manufacturer’s stock. Morgan Stanley’s target price suggests a potential upside of 2.04% from the company’s previous close.

A number of other equities research analysts have also commented on AMD. UBS Group raised their price target on Advanced Micro Devices from $24.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Craig Hallum lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research report on Wednesday. Wedbush raised their price target on Advanced Micro Devices from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Wells Fargo & Co raised their price target on Advanced Micro Devices from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Mizuho lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and raised their price target for the stock from $33.00 to $37.00 in a research report on Thursday, July 18th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twelve have given a buy rating to the company. Advanced Micro Devices has an average rating of “Hold” and a consensus price target of $31.08.

NASDAQ:AMD traded down $0.46 during mid-day trading on Wednesday, hitting $29.40. The company had a trading volume of 1,879,807 shares, compared to its average volume of 46,919,084. Advanced Micro Devices has a fifty-two week low of $16.03 and a fifty-two week high of $34.86. The company has a fifty day moving average price of $31.77. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $36.63 billion, a price-to-earnings ratio of 84.06, a P/E/G ratio of 2.72 and a beta of 3.08.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The company’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, research analysts anticipate that Advanced Micro Devices will post 0.54 earnings per share for the current year.

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $26.86, for a total value of $805,800.00. Following the completion of the transaction, the executive vice president now directly owns 1,329,588 shares in the company, valued at $35,712,733.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul Darren Grasby sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $28.39, for a total value of $170,340.00. Following the completion of the transaction, the senior vice president now owns 22,979 shares of the company’s stock, valued at $652,373.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 917,402 shares of company stock valued at $27,700,088. 1.50% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Tyers Asset Management LLC lifted its position in shares of Advanced Micro Devices by 1.8% in the first quarter. Tyers Asset Management LLC now owns 22,000 shares of the semiconductor manufacturer’s stock valued at $561,000 after buying an additional 384 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Advanced Micro Devices by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the semiconductor manufacturer’s stock valued at $1,187,000 after buying an additional 400 shares during the last quarter. Berman Capital Advisors LLC lifted its position in shares of Advanced Micro Devices by 41.6% in the second quarter. Berman Capital Advisors LLC now owns 1,525 shares of the semiconductor manufacturer’s stock valued at $46,000 after buying an additional 448 shares during the last quarter. Centaurus Financial Inc. lifted its position in shares of Advanced Micro Devices by 32.3% in the first quarter. Centaurus Financial Inc. now owns 2,295 shares of the semiconductor manufacturer’s stock valued at $90,000 after buying an additional 560 shares during the last quarter. Finally, Peddock Capital Advisors LLC lifted its position in shares of Advanced Micro Devices by 151.5% in the first quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 615 shares during the last quarter. Hedge funds and other institutional investors own 60.98% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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