Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 72.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,431 shares of the semiconductor manufacturer’s stock after selling 287,949 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Advanced Micro Devices were worth $12,977,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Howard Capital Management Group LLC raised its stake 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 worth $300,000 after buying an additional 324 shares in the last quarter. Principal Financial Group Inc. raised its position in 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 acquiring an additional 588,595 shares in the last quarter. United Bank acquired a new stake in Advanced Micro Devices in the third quarter valued at $516,000. MML Investors Services LLC grew its stake in shares of Advanced Micro Devices by 15.1% during the 3rd quarter. MML Investors Services LLC now owns 297,963 shares of the semiconductor manufacturer’s stock worth $48,890,000 after purchasing an additional 39,190 shares during the period. Finally, Raab & Moskowitz Asset Management LLC increased its holdings in shares of Advanced Micro Devices by 11.4% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 12,782 shares of the semiconductor manufacturer’s stock valued at $2,097,000 after purchasing an additional 1,309 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated 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 owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Down 2.5 %

Shares of NASDAQ:AMD opened at $83.64 on Tuesday. The stock has a 50-day simple moving average of $106.25 and a 200-day simple moving average of $128.29. The stock has a market capitalization of $135.19 billion, a P/E ratio of 84.49, a PEG ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 1 year low of $77.75 and a 1 year 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.

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

Analysts Set New Price Targets

Several brokerages have weighed in on AMD. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Morgan Stanley set a $137.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Finally, Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $152.72.

Advanced Micro Devices 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.