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

MML Investors Services LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 321,445 shares of the semiconductor manufacturer’s stock after buying an additional 23,482 shares during the period. MML Investors Services LLC’s holdings in Advanced Micro Devices were worth $38,827,000 at the end of the most recent reporting period.

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

Advanced Micro Devices Trading Down 0.9 %

Shares of NASDAQ AMD opened at $87.50 on Monday. The business’s 50 day moving average price is $100.93 and its 200-day moving average price is $123.02. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market cap of $141.42 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89.

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

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were 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 owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research report on Friday, February 7th. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. HSBC reiterated a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Finally, Wedbush restated an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $144.90.

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.