MML Investors Services LLC Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

MML Investors Services LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 321,445 shares of the semiconductor manufacturer's stock after purchasing an additional 23,482 shares during the quarter. MML Investors Services LLC's holdings in Advanced Micro Devices were worth $38,827,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Howard Capital Management Group LLC lifted its position in shares of Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock valued at $300,000 after buying an additional 324 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock worth $416,430,000 after purchasing an additional 588,595 shares during the period. M&T Bank Corp raised its position in shares of Advanced Micro Devices by 6.0% during the 3rd quarter. M&T Bank Corp now owns 116,889 shares of the semiconductor manufacturer's stock valued at $19,179,000 after purchasing an additional 6,569 shares during the period. Advisory Resource Group raised its position in shares of Advanced Micro Devices by 19.3% during the 3rd quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer's stock valued at $1,300,000 after purchasing an additional 1,282 shares during the period. Finally, Westside Investment Management Inc. boosted its holdings in Advanced Micro Devices by 1.9% in the 3rd quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer's stock worth $815,000 after buying an additional 103 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com downgraded Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Bank of America reduced their target price on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Benchmark reiterated a "buy" rating and set a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Stifel Nicolaus lowered their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Finally, Piper Sandler restated an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $140.57.

Advanced Micro Devices Stock Up 4.5 %

Advanced Micro Devices stock traded up $4.08 during midday trading on Thursday, reaching $94.47. The company's stock had a trading volume of 33,538,915 shares, compared to its average volume of 42,866,657. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a market capitalization of $152.69 billion, a P/E ratio of 95.43, a PEG ratio of 1.11 and a beta of 1.89. The stock's 50-day simple moving average is $99.44 and its 200-day simple moving average is $121.95. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.06% of the company's stock.

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.