Osterweis Capital Management Inc. Decreases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Osterweis Capital Management Inc. trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,204 shares of the semiconductor manufacturer’s stock after selling 35,208 shares during the quarter. Osterweis Capital Management Inc.’s holdings in Advanced Micro Devices were worth $17,297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at $29,000. Summit Securities Group LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices during the 4th quarter worth about $32,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMD. Barclays cut their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Bank of America cut their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Finally, Benchmark reissued a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.76.

Advanced Micro Devices Trading Down 7.3 %

Shares of AMD opened at $88.29 on Thursday. The firm’s 50-day moving average is $101.86 and its two-hundred day moving average is $124.57. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $142.70 billion, a P/E ratio of 89.18, a PEG ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal 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.