Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 297,963 shares of the semiconductor manufacturer’s stock after acquiring an additional 39,190 shares during the period. MML Investors Services LLC’s holdings in Advanced Micro Devices were worth $48,890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. First National Bank of Omaha grew its position in Advanced Micro Devices by 3.2% in the third quarter. First National Bank of Omaha now owns 27,392 shares of the semiconductor manufacturer’s stock worth $4,494,000 after buying an additional 861 shares during the last quarter. Montchanin Asset Management LLC boosted its stake in shares of Advanced Micro Devices by 10.3% during the 3rd quarter. Montchanin Asset Management LLC now owns 10,575 shares of the semiconductor manufacturer’s stock worth $1,735,000 after acquiring an additional 990 shares in the last quarter. Northeast Financial Consultants Inc grew its holdings in shares of Advanced Micro Devices by 2.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock worth $479,000 after acquiring an additional 81 shares during the last quarter. Dunhill Financial LLC raised its position in shares of Advanced Micro Devices by 39.4% during the third quarter. Dunhill Financial LLC now owns 555 shares of the semiconductor manufacturer’s stock worth $91,000 after purchasing an additional 157 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of Advanced Micro Devices by 4.4% during the third quarter. Orion Portfolio Solutions LLC now owns 62,169 shares of the semiconductor manufacturer’s stock valued at $10,201,000 after purchasing an additional 2,644 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 197,036 shares of company stock valued at $28,165,821. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $138.59 on Monday. The stock has a market capitalization of $224.90 billion, a P/E ratio of 124.86, a P/E/G ratio of 1.99 and a beta of 1.65. The business has a 50-day moving average of $150.14 and a two-hundred day moving average of $153.22. Advanced Micro Devices, Inc. has a fifty-two week low of $119.56 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the company earned $0.53 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMD. Piper Sandler reissued an “overweight” rating and issued a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Morgan Stanley dropped their target price on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Barclays reduced their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Edward Jones started coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They set a “buy” rating on the stock. Finally, Mizuho reduced their target price on Advanced Micro Devices from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.25.

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.