Farmers & Merchants Investments Inc. Cuts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Farmers & Merchants Investments Inc. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,025 shares of the semiconductor manufacturer’s stock after selling 1,295 shares during the quarter. Advanced Micro Devices accounts for approximately 1.3% of Farmers & Merchants Investments Inc.’s portfolio, making the stock its 13th largest holding. Farmers & Merchants Investments Inc.’s holdings in Advanced Micro Devices were worth $37,366,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Chase Investment Counsel Corp grew its holdings in Advanced Micro Devices by 0.7% during the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after buying an additional 87 shares in the last quarter. Washburn Capital Management Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter worth approximately $231,000. Pathway Financial Advisors LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth approximately $229,000. Independence Bank of Kentucky boosted its stake in Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after buying an additional 1,677 shares in the last quarter. Finally, Fortis Capital Advisors LLC lifted its position in Advanced Micro Devices by 137.8% in the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock valued at $1,840,000 after purchasing an additional 7,235 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Up 0.9 %

Advanced Micro Devices stock traded up $1.38 during midday trading on Tuesday, reaching $159.07. The stock had a trading volume of 26,838,783 shares, compared to its average volume of 64,720,867. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The firm has a market cap of $257.11 billion, a price-to-earnings ratio of 231.93, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. The company has a fifty day moving average of $159.12 and a 200 day moving average of $165.24.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the company posted $0.43 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on AMD shares. Morgan Stanley downgraded Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price objective for the company. in a research report on Monday, June 10th. Barclays upped their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. TD Cowen increased their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. KeyCorp decreased their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Finally, Citigroup decreased their price objective on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.83.

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.