Osterweis Capital Management Inc. Sells 35,208 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Osterweis Capital Management Inc. lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,204 shares of the semiconductor manufacturer's stock after selling 35,208 shares during the period. 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 hedge funds have also recently made changes to their positions in the company. Farringdon Capital Ltd. bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $226,000. Main Street Financial Solutions LLC increased its stake in shares of Advanced Micro Devices by 3.9% in the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after buying an additional 98 shares during the period. Finer Wealth Management Inc. raised its position in shares of Advanced Micro Devices by 2.6% during the fourth quarter. Finer Wealth Management Inc. now owns 19,610 shares of the semiconductor manufacturer's stock worth $2,369,000 after acquiring an additional 497 shares during the last quarter. NFJ Investment Group LLC boosted its holdings in Advanced Micro Devices by 60.6% in the fourth quarter. NFJ Investment Group LLC now owns 141,027 shares of the semiconductor manufacturer's stock valued at $17,035,000 after acquiring an additional 53,241 shares during the last quarter. Finally, Acorns Advisers LLC increased its position in Advanced Micro Devices by 35.6% during the 4th quarter. Acorns Advisers LLC now owns 7,697 shares of the semiconductor manufacturer's stock valued at $930,000 after purchasing an additional 2,019 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Philip Guido acquired 4,645 shares of the stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, February 6th. Citigroup reissued a "buy" rating on shares of Advanced Micro Devices in a research note on Wednesday. Benchmark reiterated a "buy" rating and issued a $170.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Melius Research restated a "hold" rating and set a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Finally, Loop Capital started coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price objective for the company. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $144.90.

Advanced Micro Devices Stock Down 0.9 %

Shares of AMD stock traded down $0.79 on Friday, hitting $87.50. The stock had a trading volume of 34,685,670 shares, compared to its average volume of 43,016,706. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The stock has a market cap of $141.42 billion, a price-to-earnings ratio of 88.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The business has a 50 day moving average of $100.93 and a 200 day moving average of $123.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS 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.