Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Lifted by Perigon Wealth Management LLC

Perigon Wealth Management LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 33,911 shares of the semiconductor manufacturer’s stock after buying an additional 605 shares during the quarter. Perigon Wealth Management LLC’s holdings in Advanced Micro Devices were worth $4,999,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Castleview Partners LLC lifted its position in shares of Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 90 shares during the last quarter. Peoples Bank KS bought a new stake in Advanced Micro Devices in the 3rd quarter valued at about $26,000. Activest Wealth Management bought a new stake in Advanced Micro Devices in the 3rd quarter valued at about $26,000. Spartan Planning & Wealth Management bought a new stake in Advanced Micro Devices in the 3rd quarter valued at about $27,000. Finally, Founders Capital Management lifted its position in Advanced Micro Devices by 104.2% in the 4th quarter. Founders Capital Management now owns 294 shares of the semiconductor manufacturer’s stock valued at $43,000 after purchasing an additional 150 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD traded down $6.23 during trading hours on Friday, hitting $164.27. The stock had a trading volume of 31,348,637 shares, compared to its average volume of 74,948,594. The company’s fifty day moving average is $181.44 and its two-hundred day moving average is $146.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The stock has a market capitalization of $265.48 billion, a price-to-earnings ratio of 314.68, a P/E/G ratio of 2.55 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMD shares. Barclays lifted their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Susquehanna reiterated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, April 4th. JPMorgan Chase & Co. lifted their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Wedbush reiterated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, January 31st. Finally, The Goldman Sachs Group lifted their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $181.52.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $290,290,831.46. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph A. Householder sold 6,572 shares of the company’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 directly owns 2,197 shares of the company’s stock, valued at $457,151.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 324,943 shares of company stock worth $59,919,994. Company insiders own 0.73% of the company’s stock.

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.