Morgan Stanley reaffirmed their equal weight rating on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in a report published on Thursday morning. The brokerage currently has a $6.00 price objective on the semiconductor manufacturer’s stock.

AMD has been the topic of a number of other reports. Summit Redstone restated a hold rating on shares of Advanced Micro Devices in a research note on Saturday, July 22nd. Canaccord Genuity restated a buy rating and set a $17.00 price objective on shares of Advanced Micro Devices in a research note on Friday, May 19th. Wells Fargo & Company restated an outperform rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd. MKM Partners restated a neutral rating and set a $13.00 price objective on shares of Advanced Micro Devices in a research note on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. restated a market perform rating on shares of Advanced Micro Devices in a research note on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $13.98.

Advanced Micro Devices (NASDAQ:AMD) traded up 1.77% during trading on Thursday, hitting $13.23. 36,990,164 shares of the stock were exchanged. Advanced Micro Devices has a one year low of $5.66 and a one year high of $15.65. The stock’s 50 day moving average is $13.13 and its 200-day moving average is $12.90. The company’s market cap is $12.53 billion. Advanced Micro Devices also saw some unusual options trading on Wednesday. Traders purchased 124,344 call options on the company. This represents an increase of 204% compared to the average volume of 40,889 call options.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. On average, equities research analysts expect that Advanced Micro Devices will post $0.10 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/01/advanced-micro-devices-amd-equal-weight-rating-reaffirmed-at-morgan-stanley.html.

In related news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of Advanced Micro Devices stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $525,600,000.00, for a total value of $21,024,000,000,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $12.10, for a total value of $242,000.00. Following the completion of the transaction, the senior vice president now directly owns 533,773 shares in the company, valued at approximately $6,458,653.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,956,790 shares of company stock worth $21,024,000,025,260,100. 1.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Advanced Micro Devices by 6.6% in the second quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock worth $1,161,796,000 after buying an additional 5,797,819 shares in the last quarter. Baillie Gifford & Co. bought a new position in shares of Advanced Micro Devices during the second quarter worth $184,767,000. Wellington Management Group LLP boosted its position in shares of Advanced Micro Devices by 5,764.6% in the first quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock worth $206,339,000 after buying an additional 13,939,494 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Advanced Micro Devices by 31.7% in the first quarter. Geode Capital Management LLC now owns 9,210,323 shares of the semiconductor manufacturer’s stock worth $133,854,000 after buying an additional 2,215,111 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Advanced Micro Devices by 39.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,151,851 shares of the semiconductor manufacturer’s stock worth $74,960,000 after buying an additional 1,455,622 shares in the last quarter. 59.15% of the stock is currently owned by hedge funds and other institutional investors.

About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Stock Ratings for Advanced Micro Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related stocks with our FREE daily email newsletter.