FARMERS & MERCHANTS TRUST Co OF LONG BEACH Lowers Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,383 shares of the semiconductor manufacturer’s stock after selling 147 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Advanced Micro Devices were worth $549,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its holdings in Advanced Micro Devices by 5.3% in the second quarter. Daiwa Securities Group Inc. now owns 349,140 shares of the semiconductor manufacturer’s stock worth $56,633,000 after purchasing an additional 17,595 shares in the last quarter. RPG Investment Advisory LLC raised its holdings in Advanced Micro Devices by 15.8% in the second quarter. RPG Investment Advisory LLC now owns 124,442 shares of the semiconductor manufacturer’s stock worth $20,186,000 after purchasing an additional 16,957 shares in the last quarter. Doheny Asset Management CA raised its holdings in Advanced Micro Devices by 47.6% in the second quarter. Doheny Asset Management CA now owns 41,860 shares of the semiconductor manufacturer’s stock worth $6,790,000 after purchasing an additional 13,506 shares in the last quarter. Andra AP fonden bought a new position in Advanced Micro Devices in the second quarter worth about $2,855,000. Finally, Royal London Asset Management Ltd. raised its holdings in Advanced Micro Devices by 1.7% in the second quarter. Royal London Asset Management Ltd. now owns 692,104 shares of the semiconductor manufacturer’s stock worth $112,266,000 after purchasing an additional 11,842 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

AMD opened at $138.15 on Tuesday. The firm has a market capitalization of $223.59 billion, a PE ratio of 203.16, a PEG ratio of 1.83 and a beta of 1.69. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The firm’s 50-day moving average price is $150.92 and its 200 day moving average price is $162.56. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. Advanced Micro Devices’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’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 transaction of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Bank of America decreased their price target on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Edward Jones assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Wells Fargo & Company raised their price target on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

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.