Teamwork Financial Advisors LLC Purchases 12,852 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Teamwork Financial Advisors LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 30.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,543 shares of the semiconductor manufacturer's stock after purchasing an additional 12,852 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Advanced Micro Devices were worth $5,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AMD. Norges Bank purchased a new position in Advanced Micro Devices in the 4th quarter worth $2,867,193,000. Toronto Dominion Bank grew its holdings in Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after acquiring an additional 4,461,609 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Advanced Micro Devices by 2,265.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock worth $364,459,000 after acquiring an additional 2,889,739 shares during the last quarter. Northern Trust Corp grew its holdings in Advanced Micro Devices by 20.1% in the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after acquiring an additional 2,874,012 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in Advanced Micro Devices by 23.3% in the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock worth $1,432,538,000 after acquiring an additional 2,238,866 shares during the last quarter. 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 recent analyst reports. Raymond James reissued an "outperform" rating and issued a $120.00 price target (down previously from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Stifel Nicolaus set a $132.00 price target on shares of Advanced Micro Devices in a report on Monday, April 28th. Dbs Bank lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Melius Research set a $110.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, Susquehanna cut their target price on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a research note on Thursday, April 24th. Fifteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $132.58.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of AMD traded up $0.50 during mid-day trading on Friday, hitting $116.19. 26,964,110 shares of the company traded hands, compared to its average volume of 41,498,489. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The stock has a market cap of $188.39 billion, a price-to-earnings ratio of 117.36, a P/E/G ratio of 1.11 and a beta of 1.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a 50-day moving average price of $101.39 and a two-hundred day moving average price of $112.13.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same period in the prior year, the company earned $0.62 earnings per share. The firm's revenue was up 35.9% on a year-over-year basis. Equities analysts anticipate 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 share buyback program on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

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.