Farmers & Merchants Investments Inc. Sells 886 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Farmers & Merchants Investments Inc. lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,367 shares of the semiconductor manufacturer’s stock after selling 886 shares during the quarter. Advanced Micro Devices comprises 1.1% of Farmers & Merchants Investments Inc.’s investment portfolio, making the stock its 19th largest position. Farmers & Merchants Investments Inc.’s holdings in Advanced Micro Devices were worth $33,861,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Cutter & CO Brokerage Inc. boosted its position in shares of Advanced Micro Devices by 5.8% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 2,827 shares of the semiconductor manufacturer’s stock valued at $464,000 after acquiring an additional 155 shares during the last quarter. MONECO Advisors LLC lifted its position in Advanced Micro Devices by 17.8% in the 3rd quarter. MONECO Advisors LLC now owns 7,910 shares of the semiconductor manufacturer’s stock worth $1,298,000 after buying an additional 1,194 shares during the last quarter. Integrated Advisors Network LLC lifted its position in Advanced Micro Devices by 17.7% in the 3rd quarter. Integrated Advisors Network LLC now owns 21,823 shares of the semiconductor manufacturer’s stock worth $3,581,000 after buying an additional 3,278 shares during the last quarter. Fortitude Family Office LLC increased its stake in Advanced Micro Devices by 376.8% in the 3rd quarter. Fortitude Family Office LLC now owns 2,675 shares of the semiconductor manufacturer’s stock worth $439,000 after purchasing an additional 2,114 shares during the period. Finally, Boston Financial Mangement LLC increased its stake in Advanced Micro Devices by 1.4% in the 3rd quarter. Boston Financial Mangement LLC now owns 5,654 shares of the semiconductor manufacturer’s stock worth $928,000 after purchasing an additional 80 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on AMD shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday. Morgan Stanley boosted their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Citigroup boosted their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Roth Mkm reissued a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Finally, Bank of America reissued a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Advanced Micro Devices Trading Up 0.2 %

Shares of NASDAQ:AMD traded up $0.36 during trading on Tuesday, hitting $160.28. The company had a trading volume of 4,232,866 shares, compared to its average volume of 56,389,594. The stock has a market cap of $259.06 billion, a price-to-earnings ratio of 235.18, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a one year low of $94.07 and a one year high of $227.30. The company has a fifty day simple moving average of $155.15 and a two-hundred day simple moving average of $156.06. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01.

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

Advanced Micro Devices 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.