Crossmark Global Holdings Inc. Acquires 20,841 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Crossmark Global Holdings Inc. increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 229,696 shares of the semiconductor manufacturer's stock after purchasing an additional 20,841 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Advanced Micro Devices were worth $27,744,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc boosted its position in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock valued at $97,000 after purchasing an additional 60 shares in the last quarter. Wealth Effects LLC lifted its stake in Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock valued at $1,545,000 after purchasing an additional 65 shares during the last quarter. Jacobsen Capital Management boosted its holdings in Advanced Micro Devices by 2.1% during the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer's stock worth $554,000 after buying an additional 70 shares in the last quarter. Sigma Investment Counselors Inc. grew its position in Advanced Micro Devices by 5.3% in the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock worth $243,000 after buying an additional 74 shares during the last quarter. Finally, Bedell Frazier Investment Counselling LLC increased its holdings in shares of Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock valued at $292,000 after buying an additional 74 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

AMD stock traded up $0.82 during trading on Tuesday, hitting $122.28. The company had a trading volume of 31,424,374 shares, compared to its average volume of 39,606,680. The company has a fifty day moving average price of $129.42 and a two-hundred day moving average price of $144.76. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30. The company has a market cap of $198.44 billion, a P/E ratio of 110.16, a P/E/G ratio of 1.07 and a beta of 1.66. 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 (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm's quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AMD shares. Cantor Fitzgerald restated an "overweight" rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Wolfe Research downgraded shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Wells Fargo & Company decreased their target price on Advanced Micro Devices from $205.00 to $165.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Morgan Stanley dropped their price target 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. Finally, Bank of America lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. Two 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 given a strong 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 $177.71.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction on 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 completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices 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.