Advanced Micro Devices, Inc. $AMD Stock Bought by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its AMD position by 3.4% in the third quarter, owning 89,312 shares valued at approximately $54.6 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD reported strong quarterly results, with earnings of $1.66 per share and revenue of $11.54 billion, up 50.1% year over year and above analyst expectations.
• Despite an 8.1% decline in trading, analyst sentiment remains positive: AMD has a consensus “Moderate Buy” rating and an average price target of $606.76, while insiders have sold substantial shares under pre-arranged trading plans.

Crossmark Global Holdings Inc. grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 89,312 shares of the semiconductor manufacturer's stock after acquiring an additional 2,973 shares during the quarter. Advanced Micro Devices comprises approximately 0.7% of Crossmark Global Holdings Inc.'s holdings, making the stock its 24th largest position. Crossmark Global Holdings Inc.'s holdings in Advanced Micro Devices were worth $54,638,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Advanced Micro Devices in the 3rd quarter worth about $29,000. JNBA Financial Advisors raised its holdings in Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after buying an additional 30 shares during the period. Graney & King LLC purchased a new stake in Advanced Micro Devices during the first quarter valued at about $31,000. Main Street Group LTD purchased a new stake in Advanced Micro Devices during the first quarter valued at about $33,000. Finally, Downshift Financial LLC lifted its stake in Advanced Micro Devices by 850.0% during the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock valued at $35,000 after buying an additional 51 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 8.1%

Advanced Micro Devices stock opened at $507.93 on Friday. The company's fifty day simple moving average is $541.49 and its 200-day simple moving average is $483.21. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The stock has a market cap of $829.18 billion, a P/E ratio of 130.57, a P/E/G ratio of 5.67 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $11.31 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business's quarterly revenue was up 50.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on AMD shares. Mizuho raised their target price on shares of Advanced Micro Devices from $580.00 to $705.00 and gave the stock an "outperform" rating in a report on Tuesday, October 6th. Roth Capital upped their price target on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Melius Research set a $660.00 price target on shares of Advanced Micro Devices in a research report on Friday, July 24th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $700.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, September 29th. Finally, Truist Financial lifted their price objective on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $606.76.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 28,811 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the transaction, the executive vice president owned 353,317 shares in the company, valued at approximately $191,038,501.90. This trade represents a 4.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD continues to receive support from expected long-term AI demand. Vultr is expanding its AMD-powered infrastructure with a 20-megawatt MI355X GPU supercluster in India, while additional physical-AI and robotics projects could broaden the company’s opportunity beyond traditional data centers. Vultr and AMD Expand Global Collaboration
• Positive Sentiment: Analyst support remains a counterweight to the sell-off. Susquehanna raised its AMD price target from $550 to $620 with a positive rating, and Wedbush reaffirmed an Outperform view, citing server CPU demand and potential data-center upside. Susquehanna AMD price target
• Neutral Sentiment: Nvidia’s planned standalone CPU and Supermicro’s 256-CPU Vera rack highlight growing competition in a market historically led by AMD and Intel. The development validates demand for CPUs in agentic AI workloads but could pressure AMD’s competitive position. Nvidia enters the CPU market
• Negative Sentiment: Renewed attacks in Saudi Arabia pushed oil prices higher, intensifying inflation and interest-rate concerns. Higher financing costs could make the capital-intensive AI infrastructure build-out more difficult to sustain, particularly as Meta’s cash spending caused investors to question the durability of the AI boom. Why AMD Stock Fell
• Negative Sentiment: A broader chip sell-off was amplified by supply-chain warnings and weakness in the PC market, overshadowing bullish AI data-center forecasts. Investors are also cautious because AMD has already experienced substantial gains and trades at a demanding valuation, leaving less room for disappointing guidance. AMD stock drops in chip sell-off

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.

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