Advanced Micro Devices, Inc. $AMD Shares Sold by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 31.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,720 shares of the semiconductor manufacturer’s stock after selling 5,390 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Advanced Micro Devices were worth $7,170,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. AEGON ASSET MANAGEMENT UK Plc raised its holdings in Advanced Micro Devices by 36.4% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 193,341 shares of the semiconductor manufacturer’s stock worth $118,278,000 after buying an additional 51,619 shares during the period. Gryphon Financial Partners LLC boosted its holdings in shares of Advanced Micro Devices by 1.3% in the third quarter. Gryphon Financial Partners LLC now owns 7,940 shares of the semiconductor manufacturer’s stock worth $4,858,000 after buying an additional 101 shares during the period. Fairscale Capital LLC boosted its holdings in shares of Advanced Micro Devices by 6.6% in the third quarter. Fairscale Capital LLC now owns 581 shares of the semiconductor manufacturer’s stock worth $355,000 after buying an additional 36 shares during the period. Vestor Capital LLC purchased a new position in shares of Advanced Micro Devices in the third quarter worth approximately $120,730,000. Finally, Kestra Investment Management LLC increased its position in shares of Advanced Micro Devices by 76.7% in the third quarter. Kestra Investment Management LLC now owns 8,191 shares of the semiconductor manufacturer’s stock worth $5,011,000 after acquiring an additional 3,555 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value of $12,669,750.00. Following the transaction, the chief executive officer owned 74,211 shares in the company, valued at approximately $37,609,392.69. This represents a 25.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the company’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 transaction of $13,595,046.57. Following the completion of the transaction, the executive vice president owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This represents a 2.23% 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. Insiders sold a total of 230,957 shares of company stock valued at $114,799,511 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Trading Up 13.3%

Shares of NASDAQ AMD opened at $508.58 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.10. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52. The business has a 50-day moving average price of $547.67 and a two-hundred day moving average price of $416.28. The firm has a market capitalization of $830.24 billion, a PE ratio of 110.56, a PEG ratio of 5.01 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The company had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The firm’s quarterly revenue was up 44.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 6.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMD has been the topic of a number of recent analyst reports. Robert W. Baird set a $1,250.00 price target on shares of Advanced Micro Devices in a report on Friday, July 24th. Union Gaming Research reaffirmed a “positive” rating on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $649.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Stifel Nicolaus lifted their price objective on shares of Advanced Micro Devices from $700.00 to $725.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Finally, Wolfe Research reissued an “outperform” rating and set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $642.47.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Google Cloud is using AMD’s 5th Gen EPYC processors for host infrastructure supporting its TPU 8tx system. The deal expands AMD’s role in large-scale AI infrastructure, although it is a CPU infrastructure win rather than a selection of AMD’s AI accelerators. AMD announcement on Google Cloud
• Positive Sentiment: Oppenheimer upgraded AMD to Outperform and set a $600 price target, citing accelerating sales and forecasting 135% data-center revenue growth next year. The call helped bolster confidence in AMD’s AI growth outlook. CNBC report on Oppenheimer upgrade
• Positive Sentiment: Recent quarterly results provided additional support: revenue rose 45% year over year, with data-center revenue up 97%, and management expects revenue growth to accelerate. A broader technology-sector rally also helped lift sentiment. Quarterly results and outlook
• Neutral Sentiment: AMD also benefited as investors looked for alternatives amid pressure on Nvidia, though analysts noted that chipmakers could face increased scrutiny of sales practices. MarketWatch analysis
• Negative Sentiment: A reported Radeon GPU bug affecting SSD lifespan is a product concern, although it did not prevent the rally. Commentary also flagged elevated valuation and rising inventory as risks to sustaining gains. TipRanks report on Radeon GPU bug

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors.

The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.