Lockheed Martin Investment Management Co. Has $4.02 Million Position in Advanced Micro Devices, Inc. $AMD

Lockheed Martin Investment Management Co. grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.0% during the fourth quarter, HoldingsChannel reports. The firm owned 18,790 shares of the semiconductor manufacturer’s stock after buying an additional 2,010 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Advanced Micro Devices were worth $4,024,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. HFM Investment Advisors LLC boosted its stake in shares of Advanced Micro Devices by 2,085.7% in the 4th quarter. HFM Investment Advisors LLC now owns 306 shares of the semiconductor manufacturer’s stock valued at $66,000 after purchasing an additional 292 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Advanced Micro Devices by 0.6% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 52,018 shares of the semiconductor manufacturer’s stock valued at $11,140,000 after purchasing an additional 295 shares in the last quarter. Phoenix Financial Ltd. boosted its stake in shares of Advanced Micro Devices by 0.3% in the 4th quarter. Phoenix Financial Ltd. now owns 60,003 shares of the semiconductor manufacturer’s stock valued at $11,738,000 after purchasing an additional 209 shares in the last quarter. Fulcrum Asset Management LLP boosted its stake in shares of Advanced Micro Devices by 3.3% in the 4th quarter. Fulcrum Asset Management LLP now owns 13,078 shares of the semiconductor manufacturer’s stock valued at $2,816,000 after purchasing an additional 413 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Advanced Micro Devices by 46.2% in the 4th quarter. Bessemer Group Inc. now owns 41,469 shares of the semiconductor manufacturer’s stock valued at $8,881,000 after purchasing an additional 13,109 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of the sale, the executive vice president directly owned 105,222 shares in the company, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the sale, the chief executive officer owned 3,021,899 shares of the company’s stock, valued at approximately $1,346,286,223.49. This trade represents a 3.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 309,598 shares of company stock worth $105,644,316 over the last three months. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 5.7%

NASDAQ:AMD opened at $424.10 on Friday. The firm’s 50 day simple moving average is $273.49 and its 200 day simple moving average is $240.52. Advanced Micro Devices, Inc. has a one year low of $107.67 and a one year high of $469.21. The company has a market cap of $691.54 billion, a PE ratio of 139.05, a P/E/G ratio of 1.34 and a beta of 2.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $9.90 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The firm’s revenue was up 37.8% on a year-over-year basis. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.17 earnings per share for the current year.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Q1 earnings and revenue both topped expectations, with data center sales up sharply on strong demand for EPYC CPUs and Instinct GPUs.
• Positive Sentiment: Several analysts raised price targets after the earnings report, citing AMD’s accelerating AI and data center growth.
• Positive Sentiment: AMD expanded FSR 4.1 support to older GPUs and introduced new Ryzen PRO 9000 offerings, reinforcing product momentum in client and gaming.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research analyst reports. Mizuho raised their price target on shares of Advanced Micro Devices from $415.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday. BTIG Research upgraded shares of Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Northland Securities reiterated a “market perform” rating and set a $260.00 target price on shares of Advanced Micro Devices in a research report on Monday, April 27th. Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $345.00 to $505.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Raymond James Financial initiated coverage on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $396.95.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.