Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Lessened by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,451 shares of the semiconductor manufacturer’s stock after selling 495 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Advanced Micro Devices were worth $5,316,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Veracity Capital LLC increased its stake in shares of Advanced Micro Devices by 17.1% in the first quarter. Veracity Capital LLC now owns 4,822 shares of the semiconductor manufacturer’s stock valued at $870,000 after purchasing an additional 703 shares during the period. Willis Johnson & Associates Inc. increased its position in Advanced Micro Devices by 29.6% in the 1st quarter. Willis Johnson & Associates Inc. now owns 2,840 shares of the semiconductor manufacturer’s stock valued at $513,000 after acquiring an additional 648 shares during the period. Oak Harvest Investment Services raised its stake in Advanced Micro Devices by 26.6% during the 1st quarter. Oak Harvest Investment Services now owns 15,880 shares of the semiconductor manufacturer’s stock valued at $2,866,000 after acquiring an additional 3,339 shares in the last quarter. Tempus Wealth Planning LLC boosted its position in Advanced Micro Devices by 8.8% during the 1st quarter. Tempus Wealth Planning LLC now owns 3,275 shares of the semiconductor manufacturer’s stock worth $591,000 after acquiring an additional 265 shares during the period. Finally, First Trust Direct Indexing L.P. grew its stake in shares of Advanced Micro Devices by 18.3% in the first quarter. First Trust Direct Indexing L.P. now owns 39,553 shares of the semiconductor manufacturer’s stock worth $7,139,000 after purchasing an additional 6,123 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Benchmark dropped their target price on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Truist Financial cut their price objective on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, May 1st. Piper Sandler reaffirmed an “overweight” rating and set a $175.00 target price (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Citigroup cut their price target on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, TD Cowen lifted their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded down $0.41 during mid-day trading on Thursday, hitting $163.90. 26,980,906 shares of the company were exchanged, compared to its average volume of 48,034,668. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of $159.78 and a 200 day moving average of $165.55. The company has a market capitalization of $264.91 billion, a PE ratio of 241.03, a price-to-earnings-growth ratio of 1.90 and a beta of 1.68.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current 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.