Crossmark Global Holdings Inc. Purchases 14,779 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Crossmark Global Holdings Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 208,855 shares of the semiconductor manufacturer's stock after acquiring an additional 14,779 shares during the quarter. Advanced Micro Devices comprises approximately 0.6% of Crossmark Global Holdings Inc.'s investment portfolio, making the stock its 24th biggest holding. Crossmark Global Holdings Inc.'s holdings in Advanced Micro Devices were worth $34,269,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. raised its stake in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 139 shares during the period. Creative Capital Management Investments LLC raised its holdings in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 86 shares during the period. ZRC Wealth Management LLC raised its stake in Advanced Micro Devices by 90.4% in the third 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. Fairway Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $27,000. Finally, Morton Brown Family Wealth LLC increased its holdings in shares of Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $1.87 during midday trading on Friday, hitting $147.95. 27,560,342 shares of the company traded hands, compared to its average volume of 39,564,684. The firm's fifty day moving average price is $154.44 and its 200-day moving average price is $155.54. The stock has a market cap of $240.09 billion, a price-to-earnings ratio of 133.29, a PEG ratio of 2.01 and a beta of 1.71. Advanced Micro Devices, Inc. has a 12 month low of $113.06 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts' consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices's revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Benchmark reaffirmed a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 31st. Robert W. Baird reduced their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating for the company in a report on Wednesday, July 31st. UBS Group lowered their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Cantor Fitzgerald restated an "overweight" rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Roth Mkm reiterated a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $192.79.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were 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 of the company's stock, valued at approximately $41,558,469.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction on 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 completion of 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

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.