Advanced Micro Devices, Inc. $AMD Stake Lessened by Farmers & Merchants Investments Inc.

Key Points

• Farmers & Merchants Investments reduced its AMD position by 1.3% in the third quarter, selling 2,573 shares and retaining 190,945 shares valued at approximately $116.8 million. AMD remains the fund’s ninth-largest holding and represents 2.7% of its portfolio.
• AMD reported strong operating momentum, with quarterly revenue up 50.1% year over year to $11.54 billion and earnings of $1.66 per share, exceeding estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $606.76, supported by expectations for AI-driven growth.
• Valuation and insider selling remain risks. AMD trades at a high price-to-earnings ratio of 132.85, while executives sold shares under pre-arranged trading plans; insiders sold $114.9 million worth of stock over the past 90 days.

Farmers & Merchants Investments Inc. lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 190,945 shares of the semiconductor manufacturer's stock after selling 2,573 shares during the quarter. Advanced Micro Devices comprises 2.7% of Farmers & Merchants Investments Inc.'s investment portfolio, making the stock its 9th biggest holding. Farmers & Merchants Investments Inc.'s holdings in Advanced Micro Devices were worth $116,813,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AMD. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Advanced Micro Devices in the third quarter worth $29,000. JNBA Financial Advisors raised its holdings in shares of Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after purchasing an additional 30 shares during the period. Graney & King LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at about $31,000. Main Street Group LTD purchased a new position in shares of Advanced Micro Devices in the 1st quarter valued at $33,000. Finally, Downshift Financial LLC boosted its position in Advanced Micro Devices by 850.0% during the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock worth $35,000 after purchasing an additional 51 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Analyst support is helping sentiment. AMD received an analyst upgrade, while Erste Group raised its FY2027 earnings estimate to $15.05 per share from $14.80. The company’s long-term earnings outlook is being supported by expectations for continued AI accelerator demand. AMD Stock Jumps Following Analyst Upgrade
• Positive Sentiment: AI growth remains the core bullish argument. Articles point to AMD’s hyperscaler contracts, data-center expansion and expected product cycles as potential drivers of substantial future revenue growth. AMD recently reported 50.1% year-over-year revenue growth, and analysts continue to debate whether its AI opportunity is being underestimated. AMD’s Potential May Be Underestimated
• Neutral Sentiment: Today’s strength follows a broad technology rebound. AMD and Intel recovered after a sharp semiconductor sell-off, while AMD also contributed to gains in the Invesco QQQ Trust. This suggests some of the buying reflects sector rotation and short-term dip buying rather than a change in AMD’s fundamentals. Why AMD and Intel Stocks Are Gaining
• Negative Sentiment: Valuation and execution risks remain significant. AMD has already risen sharply this year, and its high earnings multiple leaves little room for disappointment. Investors are focused on whether upcoming earnings and new AI products can validate the expectations embedded in the stock. AMD Stock Price Prediction
• Negative Sentiment: Competitive and macroeconomic pressures could limit upside. Nvidia is expanding into CPU systems traditionally dominated by AMD and Intel, while higher oil prices, interest rates and questions about AI infrastructure spending are weighing on the broader semiconductor trade. Nvidia Enters the CPU Market

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the sale, the executive vice president directly owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 25,000 shares of the company's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the completion of the transaction, the chief executive officer owned 74,211 shares of the company's stock, valued at $37,609,392.69. This trade represents a 25.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 231,100 shares of company stock valued at $114,867,400 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $516.79 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The stock has a fifty day simple moving average of $541.54 and a 200 day simple moving average of $483.45. The company has a market capitalization of $843.64 billion, a price-to-earnings ratio of 132.85, a PEG ratio of 5.30 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the previous year, the business posted $0.48 EPS. Advanced Micro Devices's revenue for the quarter was up 50.1% compared to the same quarter last year. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.50 EPS for the current year.

Analyst Ratings Changes

AMD has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Citigroup lifted their price target on Advanced Micro Devices from $575.00 to $800.00 and gave the stock a "buy" rating in a research note on Tuesday, October 6th. Roth Capital boosted their price target on Advanced Micro Devices from $500.00 to $650.00 and gave the company a "buy" rating in a report on Friday, July 24th. KeyCorp set a $650.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on Advanced Micro Devices from $385.00 to $550.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $606.76.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.

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