Teamwork Financial Advisors LLC Buys 7,246 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Teamwork Financial Advisors LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,553 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,246 shares during the period. Teamwork Financial Advisors LLC’s holdings in Advanced Micro Devices were worth $6,162,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its position in Advanced Micro Devices by 8.6% during the first quarter. Massmutual Trust Co. FSB ADV now owns 4,017 shares of the semiconductor manufacturer’s stock worth $725,000 after acquiring an additional 319 shares during the period. Perpetual Ltd raised its position in shares of Advanced Micro Devices by 70.2% in the first quarter. Perpetual Ltd now owns 9,651 shares of the semiconductor manufacturer’s stock valued at $1,742,000 after buying an additional 3,982 shares in the last quarter. Apella Capital LLC boosted its stake in shares of Advanced Micro Devices by 28.9% in the first quarter. Apella Capital LLC now owns 4,143 shares of the semiconductor manufacturer’s stock valued at $708,000 after buying an additional 929 shares during the period. Park Avenue Securities LLC grew its position in Advanced Micro Devices by 12.0% during the first quarter. Park Avenue Securities LLC now owns 51,986 shares of the semiconductor manufacturer’s stock worth $9,383,000 after buying an additional 5,552 shares in the last quarter. Finally, Inscription Capital LLC bought a new position in Advanced Micro Devices during the 1st quarter worth $251,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $156.25 on Friday. The company has a market capitalization of $252.55 billion, a price-to-earnings ratio of 229.78, a PEG ratio of 2.33 and a beta of 1.70. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The stock has a fifty day simple moving average of $153.43 and a 200 day simple moving average of $157.13.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMD shares. Roth Mkm reiterated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. Susquehanna reaffirmed a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Barclays reduced their price objective on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. KeyCorp dropped their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Company 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.