Massachusetts Financial Services Co. MA Grows Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Massachusetts Financial Services Co. MA increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 395,380 shares of the semiconductor manufacturer's stock after purchasing an additional 10,613 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Advanced Micro Devices were worth $64,874,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMD. EntryPoint Capital LLC increased its stake in Advanced Micro Devices by 81.9% in the 1st quarter. EntryPoint Capital LLC now owns 342 shares of the semiconductor manufacturer's stock valued at $62,000 after buying an additional 154 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Advanced Micro Devices during the 1st quarter worth about $4,205,000. Bayesian Capital Management LP bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $1,144,000. Industrial Alliance Investment Management Inc. grew its holdings in Advanced Micro Devices by 2.9% during the first quarter. Industrial Alliance Investment Management Inc. now owns 4,231 shares of the semiconductor manufacturer's stock worth $764,000 after purchasing an additional 120 shares during the period. Finally, Oxford Wealth Group LLC bought a new stake in Advanced Micro Devices in the first quarter valued at approximately $204,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.65% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $2.57 during mid-day trading on Monday, reaching $140.92. 23,123,323 shares of the company's stock traded hands, compared to its average volume of 54,868,855. The firm has a 50 day moving average price of $153.67 and a two-hundred day moving average price of $154.59. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a 12 month low of $116.37 and a 12 month high of $227.30. The firm has a market capitalization of $228.69 billion, a PE ratio of 126.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.71.

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

Wall Street Analysts Forecast Growth

AMD has been the subject of several recent research reports. Robert W. Baird reduced their price target on Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating for the company in a research note on Wednesday, July 31st. UBS Group lowered their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Edward Jones initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a "buy" rating for the company. Citigroup lowered their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, Truist Financial lowered their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating on the stock in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $192.79.

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.