F M Investments LLC Sells 3,964 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

F M Investments LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,780 shares of the semiconductor manufacturer’s stock after selling 3,964 shares during the quarter. F M Investments LLC’s holdings in Advanced Micro Devices were worth $9,488,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. Chicago Partners Investment Group LLC increased its position in Advanced Micro Devices by 1.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 76,191 shares of the semiconductor manufacturer’s stock valued at $11,650,000 after purchasing an additional 1,022 shares during the period. Creative Capital Management Investments LLC boosted its stake in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Advanced Micro Devices by 4.0% during the third quarter. Farther Finance Advisors LLC now owns 18,560 shares of the semiconductor manufacturer’s stock valued at $3,045,000 after buying an additional 716 shares during the period. Capital Advisors Inc. OK raised its stake in Advanced Micro Devices by 10.8% in the third quarter. Capital Advisors Inc. OK now owns 5,137 shares of the semiconductor manufacturer’s stock worth $843,000 after buying an additional 501 shares in the last quarter. Finally, CacheTech Inc. lifted its holdings in Advanced Micro Devices by 9.8% during the third quarter. CacheTech Inc. now owns 17,965 shares of the semiconductor manufacturer’s stock worth $2,948,000 after buying an additional 1,609 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. Edward Jones began coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. TD Cowen decreased their price target on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group lowered their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Price Performance

NASDAQ AMD traded down $2.21 during mid-day trading on Friday, hitting $141.86. The stock had a trading volume of 39,027,430 shares, compared to its average volume of 56,716,766. Advanced Micro Devices, Inc. has a twelve month low of $105.91 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 2.01. The firm’s 50 day moving average is $154.75 and its 200 day moving average is $155.81. The stock has a market capitalization of $229.60 billion, a price-to-earnings ratio of 127.80, a PEG ratio of 2.03 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.