Cross Staff Investments Inc Has $848,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cross Staff Investments Inc lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,754 shares of the semiconductor manufacturer’s stock after selling 100 shares during the quarter. Cross Staff Investments Inc’s holdings in Advanced Micro Devices were worth $848,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Schear Investment Advisers LLC grew its stake in shares of Advanced Micro Devices by 0.4% in the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after purchasing an additional 64 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Advanced Micro Devices by 36.2% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock valued at $40,000 after purchasing an additional 72 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 1.0% in the 4th quarter. Avior Wealth Management LLC now owns 7,933 shares of the semiconductor manufacturer’s stock worth $1,169,000 after purchasing an additional 77 shares during the last quarter. Retirement Planning Group LLC lifted its holdings in Advanced Micro Devices by 2.2% during the 4th quarter. Retirement Planning Group LLC now owns 3,679 shares of the semiconductor manufacturer’s stock valued at $542,000 after purchasing an additional 79 shares during the last quarter. Finally, Optas LLC boosted its position in Advanced Micro Devices by 1.7% in the fourth quarter. Optas LLC now owns 4,924 shares of the semiconductor manufacturer’s stock valued at $726,000 after buying an additional 80 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMD. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their target price for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research note on Monday, January 8th. Northland Securities upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective for the company in a research report on Wednesday, January 31st. Truist Financial increased their price objective on Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. Finally, DZ Bank reissued a “hold” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Stock Up 2.2 %

Shares of Advanced Micro Devices stock traded up $3.42 during trading hours on Friday, reaching $157.18. 35,484,520 shares of the company’s stock were exchanged, compared to its average volume of 72,679,383. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $177.79 and a two-hundred day moving average of $149.92. The stock has a market cap of $254.02 billion, a P/E ratio of 303.56, a P/E/G ratio of 2.31 and a beta of 1.64. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Insider Activity

In other news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 over the last ninety days. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Company 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.