The Manufacturers Life Insurance Company Sells 179,085 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

The Manufacturers Life Insurance Company lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,362,480 shares of the semiconductor manufacturer's stock after selling 179,085 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Advanced Micro Devices worth $164,574,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. Summit Securities Group LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $32,000. 71.34% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Philip Guido bought 4,645 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AMD shares. Piper Sandler reissued an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Summit Insights upgraded shares of Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. StockNews.com lowered shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Finally, UBS Group decreased their price objective on shares of Advanced Micro Devices from $175.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $139.57.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $2.15 during trading hours on Friday, hitting $98.80. The company had a trading volume of 29,850,878 shares, compared to its average volume of 42,261,197. 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 firm has a market capitalization of $159.69 billion, a price-to-earnings ratio of 99.80, a PEG ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The firm has a 50 day simple moving average of $97.49 and a 200 day simple moving average of $118.95.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities research analysts expect 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.