FARMERS & MERCHANTS TRUST Co OF LONG BEACH Purchases 1,474 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 38.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,344 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,474 shares during the period. 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 and other institutional investors have also recently modified their holdings of the company. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $25,000. Greenline Partners LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $29,000. Mpwm Advisory Solutions LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $30,000. Finally, Summit Securities Group LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $31,000. 71.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 2.0%

NASDAQ:AMD opened at $116.16 on Monday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The company has a market cap of $188.34 billion, a PE ratio of 117.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99. The company has a 50 day simple moving average of $104.51 and a two-hundred day simple moving average of $111.15.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm’s revenue was up 35.9% on a year-over-year basis. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have commented on AMD. Benchmark restated a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Friday. Bank of America raised their price objective on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Loop Capital lowered their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Roth Capital raised their price objective on shares of Advanced Micro Devices from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Friday. Finally, Citigroup lifted their target price on shares of Advanced Micro Devices from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, June 9th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.13.

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.