Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 91,722 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,581 shares during the period. Osborne Partners Capital Management LLC’s holdings in Advanced Micro Devices were worth $15,050,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cherrydale Wealth Management LLC raised its stake in Advanced Micro Devices by 4.7% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after acquiring an additional 58 shares in the last quarter. Christopher J. Hasenberg Inc raised its stake in shares of Advanced Micro Devices by 12.0% during the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock valued at $97,000 after purchasing an additional 60 shares in the last quarter. Delta Financial Group Inc. lifted its holdings in Advanced Micro Devices by 5.0% in the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after purchasing an additional 63 shares during the period. Trivant Custom Portfolio Group LLC grew its position in Advanced Micro Devices by 0.3% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock valued at $3,995,000 after buying an additional 65 shares in the last quarter. Finally, Wealth Effects LLC increased its stake in Advanced Micro Devices by 0.7% during the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock valued at $1,545,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMD shares. TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Piper Sandler increased their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Susquehanna reissued a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Roth Mkm reaffirmed a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Price Performance

AMD opened at $156.23 on Friday. The stock has a market cap of $252.52 billion, a price-to-earnings ratio of 229.75, a PEG ratio of 2.33 and a beta of 1.70. The stock has a fifty day moving average price of $154.91 and a 200 day moving average price of $156.41. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. Analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS 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.