Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $147.00 by Analysts at Morgan Stanley

Advanced Micro Devices (NASDAQ:AMD) had its price target decreased by research analysts at Morgan Stanley from $158.00 to $147.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor manufacturer’s stock. Morgan Stanley’s price objective points to a potential upside of 24.40% from the company’s current price.

Several other brokerages also recently weighed in on AMD. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Tuesday. Mizuho decreased their price objective on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Susquehanna cut their target price on Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Finally, KeyCorp decreased their price target on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $169.35.

Advanced Micro Devices Stock Up 3.4 %

AMD traded up $3.90 during midday trading on Tuesday, reaching $118.17. The company’s stock had a trading volume of 15,177,177 shares, compared to its average volume of 37,593,715. The stock’s 50-day moving average is $125.38 and its 200-day moving average is $140.81. The firm has a market capitalization of $191.76 billion, a price-to-earnings ratio of 106.49, a PEG ratio of 1.03 and a beta of 1.66. Advanced Micro Devices has a 1 year low of $112.80 and a 1 year high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently made changes to their positions in the business. RPG Investment Advisory LLC lifted its holdings in shares of Advanced Micro Devices by 1.4% in the fourth quarter. RPG Investment Advisory LLC now owns 129,865 shares of the semiconductor manufacturer’s stock worth $15,686,000 after buying an additional 1,824 shares in the last quarter. WealthShield Partners LLC lifted its stake in Advanced Micro Devices by 18.9% in the 4th quarter. WealthShield Partners LLC now owns 25,797 shares of the semiconductor manufacturer’s stock worth $3,116,000 after purchasing an additional 4,095 shares in the last quarter. Waverton Investment Management Ltd boosted its holdings in shares of Advanced Micro Devices by 4.2% during the 4th quarter. Waverton Investment Management Ltd now owns 1,526,942 shares of the semiconductor manufacturer’s stock valued at $184,447,000 after purchasing an additional 61,834 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $61,000. Finally, Boothe Investment Group Inc. increased its holdings in shares of Advanced Micro Devices by 0.3% in the fourth quarter. Boothe Investment Group Inc. now owns 38,961 shares of the semiconductor manufacturer’s stock worth $4,706,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

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.