Advanced Micro Devices (NASDAQ:AMD) had its price target boosted by investment analysts at Morgan Stanley from $30.00 to $32.00 in a research note issued on Monday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the semiconductor manufacturer’s stock. Morgan Stanley’s price target indicates a potential downside of 0.48% from the stock’s previous close.
AMD has been the subject of several other research reports. Cowen set a $40.00 price target on shares of Advanced Micro Devices and gave the company a “buy” rating in a research report on Wednesday, July 31st. Atlantic Securities began coverage on shares of Advanced Micro Devices in a research report on Monday, July 22nd. They issued a “neutral” rating and a $28.00 price target for the company. Piper Jaffray Companies began coverage on shares of Advanced Micro Devices in a research report on Monday, August 19th. They issued a “neutral” rating and a $33.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $25.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Mizuho set a $36.00 price target on shares of Advanced Micro Devices and gave the company a “hold” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the stock. Advanced Micro Devices currently has an average rating of “Hold” and a consensus price target of $31.70.
Shares of NASDAQ:AMD traded up $1.19 during trading on Monday, hitting $32.16. 41,910,854 shares of the company were exchanged, compared to its average volume of 48,226,824. The stock has a market capitalization of $34.88 billion, a P/E ratio of 91.87, a PEG ratio of 2.72 and a beta of 2.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.08 and a quick ratio of 1.52. Advanced Micro Devices has a 12-month low of $16.03 and a 12-month high of $35.55. The firm’s 50 day moving average price is $30.04 and its 200-day moving average price is $29.90.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The company’s revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. As a group, equities research analysts anticipate that Advanced Micro Devices will post 0.48 EPS for the current year.
In other news, CAO Darla M. Smith sold 8,388 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $33.53, for a total transaction of $281,249.64. Following the transaction, the chief accounting officer now directly owns 35,918 shares of the company’s stock, valued at approximately $1,204,330.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Forrest Eugene Norrod sold 50,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $34.12, for a total transaction of $1,706,000.00. Following the transaction, the senior vice president now directly owns 809,171 shares in the company, valued at $27,608,914.52. The disclosure for this sale can be found here. Insiders sold a total of 1,717,405 shares of company stock worth $55,408,542 over the last three months. 1.50% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of AMD. Westside Investment Management Inc. acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at about $5,484,000. First PREMIER Bank acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at about $30,000. Doyle Wealth Management acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at about $31,000. Ropes Wealth Advisors LLC grew its stake in Advanced Micro Devices by 182.9% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,160 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 750 shares during the last quarter. Finally, Assetmark Inc. grew its stake in Advanced Micro Devices by 55.7% in the 2nd quarter. Assetmark Inc. now owns 1,381 shares of the semiconductor manufacturer’s stock valued at $42,000 after acquiring an additional 494 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.