Teamwork Financial Advisors LLC Raises Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Teamwork Financial Advisors LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,691 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,138 shares during the period. Teamwork Financial Advisors LLC’s holdings in Advanced Micro Devices were worth $5,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. MinichMacGregor Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 31.1% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 3,646 shares of the semiconductor manufacturer’s stock worth $440,000 after buying an additional 865 shares during the period. Mutual Advisors LLC raised its holdings in shares of Advanced Micro Devices by 13.8% in the fourth quarter. Mutual Advisors LLC now owns 50,563 shares of the semiconductor manufacturer’s stock valued at $5,989,000 after acquiring an additional 6,124 shares in the last quarter. True North Advisors LLC lifted its stake in Advanced Micro Devices by 46.0% in the fourth quarter. True North Advisors LLC now owns 7,863 shares of the semiconductor manufacturer’s stock worth $950,000 after acquiring an additional 2,476 shares during the period. Traynor Capital Management Inc. grew its holdings in Advanced Micro Devices by 15.8% during the 4th quarter. Traynor Capital Management Inc. now owns 65,132 shares of the semiconductor manufacturer’s stock worth $7,867,000 after acquiring an additional 8,894 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its position in Advanced Micro Devices by 8.9% during the 4th quarter. Wesbanco Bank Inc. now owns 169,404 shares of the semiconductor manufacturer’s stock valued at $20,462,000 after purchasing an additional 13,846 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $123.75 on Thursday. The stock has a market capitalization of $200.82 billion, a P/E ratio of 111.49, a P/E/G ratio of 1.08 and a beta of 1.66. The company’s fifty day moving average price is $128.68 and its 200 day moving average price is $144.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a 1 year low of $114.41 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMD shares. Evercore ISI increased their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Loop Capital assumed coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target for the company. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Finally, Barclays reduced their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.71.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 over the last quarter. 0.73% of the stock is currently owned by insiders.

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.