Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 229,696 shares of the semiconductor manufacturer’s stock after buying an additional 20,841 shares during the period. Crossmark Global Holdings Inc.’s holdings in Advanced Micro Devices were worth $27,744,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Creative Capital Management Investments LLC boosted its position in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the period. ZRC Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 75 shares during the period. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $26,000. Abich Financial Wealth Management LLC grew its position in Advanced Micro Devices by 101.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at $41,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $121.46 on Tuesday. The stock has a fifty day moving average price of $129.94 and a 200 day moving average price of $145.06. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $114.41 and a 52 week high of $227.30. The firm has a market capitalization of $197.11 billion, a P/E ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Citigroup decreased their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Morgan Stanley cut their target price on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Piper Sandler reissued an “overweight” rating and issued a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, HSBC reaffirmed a “reduce” rating and set a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.61.

Insiders Place Their Bets

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 over the last ninety days. 0.73% of the stock is owned by company 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.