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

Crossmark Global Holdings Inc. increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 240,018 shares of the semiconductor manufacturer's stock after purchasing an additional 10,322 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Advanced Micro Devices were worth $24,659,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Greenline Partners LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at $28,000. Mpwm Advisory Solutions LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at $30,000. Summit Securities Group LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at $31,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares during the period. Finally, American Capital Advisory LLC boosted its holdings in Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares during the period. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 2.3%

Advanced Micro Devices stock traded down $3.11 during midday trading on Monday, reaching $134.80. The company's stock had a trading volume of 37,302,007 shares, compared to its average volume of 42,036,984. The stock's 50-day simple moving average is $117.84 and its 200-day simple moving average is $111.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The stock has a market capitalization of $218.56 billion, a P/E ratio of 99.12, a PEG ratio of 1.78 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly 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 return on equity of 8.30% and a net margin of 8.03%. The company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same period last year, the business posted $0.62 earnings per share. The firm's revenue was up 35.9% compared to the same quarter last year. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has authorized a share repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Dbs Bank cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. TD Cowen boosted their price objective on Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Melius Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and boosted their price objective for the company from $110.00 to $175.00 in a report on Monday, June 23rd. Morgan Stanley dropped their price objective on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Finally, Wedbush reissued an "outperform" rating and set a $120.00 price target (up previously from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $139.55.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.06% of the company's stock.

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.