Morgan Stanley Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $158.00

Advanced Micro Devices (NASDAQ:AMD - Free Report) had its target price decreased by Morgan Stanley from $169.00 to $158.00 in a report released on Friday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the semiconductor manufacturer's stock.

A number of other analysts also recently issued reports on AMD. Roth Mkm reaffirmed a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Barclays reduced their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Mizuho lowered their price objective on shares of Advanced Micro Devices from $185.00 to $180.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. Evercore ISI lifted their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, UBS Group decreased their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $191.96.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded up $0.33 on Friday, reaching $119.21. 53,088,133 shares of the company's stock traded hands, compared to its average volume of 53,737,328. The firm has a market cap of $193.45 billion, a PE ratio of 107.40, a P/E/G ratio of 1.88 and a beta of 1.65. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of $142.98 and a 200-day simple moving average of $150.91. Advanced Micro Devices has a 12 month low of $117.90 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the company earned $0.53 EPS. The firm's quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Creative Capital Management Investments LLC lifted its holdings in Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 86 shares during the period. ZRC Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 75 shares during the period. Fairway Wealth LLC purchased a new stake in Advanced Micro Devices during the second quarter worth $27,000. Morton Brown Family Wealth LLC grew its position in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after buying an additional 85 shares during the period. Finally, Ridgewood Investments LLC acquired a new stake in Advanced Micro Devices during the second quarter valued at $35,000. Hedge funds and other 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.