MML Investors Services LLC Purchases 23,482 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

MML Investors Services LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 321,445 shares of the semiconductor manufacturer’s stock after acquiring 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 hedge funds have also bought and sold shares of the business. MetLife Investment Management LLC lifted its position in shares of Advanced Micro Devices by 1.5% during the 4th quarter. MetLife Investment Management LLC now owns 476,152 shares of the semiconductor manufacturer’s stock valued at $57,514,000 after acquiring an additional 7,057 shares during the period. Norinchukin Bank The lifted its position in Advanced Micro Devices by 7.9% during the fourth quarter. Norinchukin Bank The now owns 86,171 shares of the semiconductor manufacturer’s stock worth $10,409,000 after purchasing an additional 6,327 shares during the period. Ossiam increased its holdings in Advanced Micro Devices by 22.4% in the 4th quarter. Ossiam now owns 1,331,316 shares of the semiconductor manufacturer’s stock valued at $160,810,000 after buying an additional 243,945 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $20,727,000. Finally, Capital Research Global Investors acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $165,739,000. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Argus set a $160.00 price objective on Advanced Micro Devices in a research note on Thursday, February 6th. UBS Group lowered their target price on Advanced Micro Devices from $175.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday. Barclays decreased their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Susquehanna cut their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.90.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $87.50 on Monday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The company’s 50 day moving average price is $100.93 and its two-hundred day moving average price is $123.02. The stock has a market cap of $141.42 billion, a P/E ratio of 88.38, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly 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 return on equity of 7.42% and a net margin of 6.36%. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.