Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $178.00

Advanced Micro Devices (NASDAQ:AMD) had its price target boosted by Morgan Stanley from $176.00 to $178.00 in a report issued on Wednesday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the semiconductor manufacturer’s stock.

AMD has been the topic of several other reports. DZ Bank raised shares of Advanced Micro Devices from a hold rating to a buy rating and set a $190.00 price objective on the stock in a report on Tuesday, May 7th. Piper Sandler reiterated an overweight rating and set a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Jefferies Financial Group assumed coverage on Advanced Micro Devices in a research report on Monday, May 13th. They issued a buy rating and a $190.00 target price on the stock. Barclays cut their price target on Advanced Micro Devices from $235.00 to $180.00 and set an overweight rating on the stock in a research report on Monday, July 29th. Finally, Susquehanna reaffirmed a positive rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $193.45.

Advanced Micro Devices Trading Down 0.0 %

Shares of AMD opened at $132.50 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a market cap of $214.16 billion, a P/E ratio of 194.86, a P/E/G ratio of 1.68 and a beta of 1.69. The company’s fifty day simple moving average is $160.41 and its 200-day simple moving average is $167.75.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a return on equity of 6.00% and a net margin of 5.82%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. As a group, analysts expect that Advanced Micro Devices will post 2.6 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. Impact Partnership Wealth LLC increased its position in Advanced Micro Devices by 720.6% during the second quarter. Impact Partnership Wealth LLC now owns 2,355 shares of the semiconductor manufacturer’s stock worth $382,000 after buying an additional 2,068 shares during the period. Mayflower Financial Advisors LLC lifted its position in Advanced Micro Devices by 34.9% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 7,202 shares of the semiconductor manufacturer’s stock worth $1,168,000 after acquiring an additional 1,864 shares during the period. Stablepoint Partners LLC grew its stake in shares of Advanced Micro Devices by 4.1% in the 2nd quarter. Stablepoint Partners LLC now owns 8,622 shares of the semiconductor manufacturer’s stock valued at $1,399,000 after purchasing an additional 338 shares during the last quarter. Pursue Wealth Partners LLC grew its position in Advanced Micro Devices by 242.3% in the 2nd quarter. Pursue Wealth Partners LLC now owns 17,704 shares of the semiconductor manufacturer’s stock valued at $2,872,000 after buying an additional 12,532 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its stake in Advanced Micro Devices by 9.6% in the 2nd quarter. Belpointe Asset Management LLC now owns 34,428 shares of the semiconductor manufacturer’s stock valued at $5,585,000 after buying an additional 3,021 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.