Teamwork Financial Advisors LLC Cuts Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Teamwork Financial Advisors cut its AMD position by 53.8% in the second quarter, selling 48,529 shares and retaining 41,602 shares valued at approximately $24.2 million. Institutional investors still own 71.34% of AMD.
• AMD executives also sold shares under pre-arranged Rule 10b5-1 plans, with insiders selling 285,934 shares worth roughly $130.4 million over the past three months.
• Despite the selling, AMD reported strong quarterly results, with revenue up 50.1% year over year to $11.54 billion and EPS of $1.66, beating estimates. Analysts maintain a “Moderate Buy” consensus, though AMD’s high valuation and competition from Nvidia remain key risks.

Teamwork Financial Advisors LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 53.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,602 shares of the semiconductor manufacturer's stock after selling 48,529 shares during the quarter. Advanced Micro Devices comprises 2.2% of Teamwork Financial Advisors LLC's holdings, making the stock its 8th biggest position. Teamwork Financial Advisors LLC's holdings in Advanced Micro Devices were worth $24,167,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Joseph Group Capital Management bought a new position in Advanced Micro Devices during the 4th quarter worth about $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $27,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $27,000. Basepoint Wealth LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, Graney & King LLC acquired a new position in shares of Advanced Micro Devices during the first quarter worth about $31,000. 71.34% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Lisa T. Su sold 125,000 shares of the business's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. The trade was a 4.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the company's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the sale, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 285,934 shares of company stock valued at $130,353,006 over the last three months. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $483.36 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.96 and a current ratio of 2.61. The stock has a 50 day moving average price of $514.56 and a 200 day moving average price of $359.10. The stock has a market capitalization of $789.07 billion, a PE ratio of 124.26 and a beta of 2.48. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the previous year, the firm earned $0.48 EPS. The business's quarterly revenue was up 50.1% on a year-over-year basis. Analysts predict that Advanced Micro Devices, Inc. will post 6.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMD shares. Needham & Company LLC upgraded Advanced Micro Devices to a "buy" rating in a report on Wednesday, May 6th. Royal Bank Of Canada restated a "sector perform" rating and issued a $540.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. Jefferies Financial Group set a $650.00 price target on Advanced Micro Devices in a research report on Wednesday. HSBC cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and raised their price target for the stock from $335.00 to $340.00 in a research note on Monday, May 4th. Finally, TD Cowen reissued a "buy" rating on shares of Advanced Micro Devices in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $546.87.

Key Headlines Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD agreed to acquire Toronto-based AI-inference chip startup Taalas for an undisclosed amount. Taalas develops specialized silicon designed to reduce computing and memory bottlenecks, and AMD plans to integrate the technology with its Instinct GPUs. The deal could improve AMD’s inference performance and strengthen its challenge to Nvidia in a rapidly expanding market. AMD deepens AI inference bet with Taalas deal as chip race heats up
• Positive Sentiment: AMD reported record second-quarter revenue of $11.54 billion, up 50.1% year over year, and adjusted earnings of $1.66 per share, exceeding consensus estimates. Data Center revenue more than doubled, while management raised its outlook, reinforcing the long-term AI growth case. AMD tops Q2 earnings estimates and provides strong outlook
• Positive Sentiment: Several analysts remain constructive: Rosenblatt raised its price target to $700 with a buy rating, while JPMorgan lifted its target to $550 but retained a neutral rating. Recent institutional filings also showed sizable increases in AMD holdings by PNC Financial and GF Fund Management. AMD analyst price-target changes
• Neutral Sentiment: Investors continue to debate whether AMD can become a major Nvidia alternative. Optimistic views point to data-center demand, AI deployments and supply leverage, but the stock’s high valuation means additional upside likely requires sustained execution and accelerating growth. This Could Be One of the Best Opportunities to Buy AMD Stock in Months
• Negative Sentiment: AMD’s results and guidance, although strong, did not clear an exceptionally high AI-growth bar. Investors wanted stronger evidence of accelerating AI revenue, higher margins and a faster path to closing Nvidia’s competitive lead. Why AMD’s solid quarterly earnings failed to impress investors
• Negative Sentiment: Near-term concerns include slowing growth in AMD’s client and gaming businesses and intensifying Nvidia competition. SpaceX’s selection of Nvidia rather than AMD for an AI-chip partnership further underscored concerns about Nvidia’s customer and ecosystem advantages. AMD stock falls after record quarter as SpaceX picks Nvidia
• Negative Sentiment: At roughly 124 times earnings, AMD leaves little room for disappointment. The combination of lofty expectations, post-earnings profit-taking and increased short interest contributed to the weaker investor reaction despite the earnings beat. AMD short volume hits a two-week high

Advanced Micro Devices Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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