Callan Family Office LLC Decreases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Callan Family Office LLC reduced its holdings in Advanced Micro Devices, Inc. by 60.6% in Q1, resulting in ownership of 7,505 shares valued at $771,000 after selling 11,552 shares.
• A number of institutional investors made changes to their positions in AMD, with Farmers & Merchants Trust Co increasing its stake by 277.8% during the same period.
• Analyst ratings for AMD show a general positive outlook, with the company holding an average rating of "Moderate Buy" and a consensus price target of $179.21, despite some analysts reducing their price targets.

Callan Family Office LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 60.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,505 shares of the semiconductor manufacturer's stock after selling 11,552 shares during the quarter. Callan Family Office LLC's holdings in Advanced Micro Devices were worth $771,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AMD. Greenline Partners LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth $28,000. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. American Capital Advisory LLC increased its position in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares during the period. Kozak & Associates Inc. raised its stake in shares of Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after acquiring an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

AMD has been the topic of a number of research analyst reports. Loop Capital reduced their price target on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barclays lifted their price objective on Advanced Micro Devices from $130.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. DZ Bank upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 target price for the company in a report on Thursday, August 7th. Melius Research raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and raised their price target for the stock from $110.00 to $175.00 in a research note on Monday, June 23rd. Finally, Wedbush reissued a "cautious" rating on shares of Advanced Micro Devices in a research report on Saturday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $179.21.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $184.42 on Thursday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $148.18 and a 200-day moving average price of $119.36. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65. The firm has a market capitalization of $299.28 billion, a PE ratio of 105.99, a P/E/G ratio of 2.07 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The company had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its board has authorized a stock buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

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.

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