Farmers & Merchants Investments Inc. Sells 1,295 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Farmers & Merchants Investments Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 207,025 shares of the semiconductor manufacturer’s stock after selling 1,295 shares during the quarter. Advanced Micro Devices comprises about 1.3% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 13th biggest holding. Farmers & Merchants Investments Inc.’s holdings in Advanced Micro Devices were worth $37,366,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $28,000. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. Gables Capital Management Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $30,000. 71.34% of the stock is 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 stock was 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 owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 trading hours on Tuesday, hitting $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. The stock has a market cap of $257.11 billion, a price-to-earnings ratio of 231.93, a P/E/G ratio of 1.87 and a beta of 1.69. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The business’s 50 day simple moving average is $159.12 and its 200-day simple moving average is $165.24.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Evercore ISI dropped their price objective on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. TD Cowen boosted their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Truist Financial decreased their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, May 1st. Finally, Mizuho decreased their target price on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has a consensus 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.