Fri Sep 20 12:30:23 UTC 2024: ## Massachusetts Financial Services Cuts Stake in AMD, Other Investors Make Moves
**September 20, 2024** – Massachusetts Financial Services Co. (MA) has reduced its holdings in Advanced Micro Devices, Inc. (AMD) by 9.6% in the second quarter, according to a recent SEC filing. The firm now owns 384,767 shares of the semiconductor manufacturer, valued at $62,413,000.
This move comes as other institutional investors and hedge funds adjust their positions in AMD. Some investors are increasing their stakes: Tradewinds Capital Management LLC lifted its position by 102.9% in the first quarter, Morton Brown Family Wealth LLC by 94.4% in the second quarter, Semmax Financial Advisors Inc. by 926.7% in the first quarter, and Valued Wealth Advisors LLC by 70.7% in the first quarter.
Meanwhile, Northwest Bank & Trust Co acquired a new position in AMD during the fourth quarter. Overall, 71.34% of AMD’s stock is owned by institutional investors and hedge funds.
Despite the mixed investor sentiment, AMD opened at $156.74 on Friday. The company boasts a market capitalization of $253.34 billion and a price-to-earnings ratio of 230.50.
In other AMD news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock on July 15th for a total value of $3,091,482.00. Following the transaction, he now owns 1,546,227 shares, valued at approximately $285,278,881.50. Company insiders currently own 0.73% of the stock.
AMD has been the subject of numerous research reports, with analysts offering mixed opinions. While some analysts maintain a “buy” rating and have increased their price targets, others have reduced their targets or downgraded the stock. Overall, the consensus rating on AMD is “Moderate Buy” with an average target price of $193.45.
AMD operates globally in the semiconductor industry, providing microprocessors, GPUs, and other semiconductor solutions for various applications. For more information about AMD and its holdings, visit HoldingsChannel.com.
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