Perigon Wealth Management LLC Raises Holdings in Advanced Micro Devices, Inc. $AMD

Perigon Wealth Management LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 58,024 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,313 shares during the period. Perigon Wealth Management LLC’s holdings in Advanced Micro Devices were worth $8,234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Brighton Jones LLC grew its position in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after acquiring an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after buying an additional 234 shares during the period. Park Square Financial Group LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $52,000. Lighthouse Financial LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $702,000. Finally, PKO Investment Management Joint Stock Co purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $13,166,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $160.88 on Thursday. The business’s fifty day simple moving average is $165.42 and its 200-day simple moving average is $130.39. The company has a market cap of $261.08 billion, a PE ratio of 92.46, a PEG ratio of 1.90 and a beta of 1.92. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the company’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the sale, the executive vice president directly owned 313,848 shares in the company, valued at approximately $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 270,198 shares of company stock valued at $44,183,576 in the last three months. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on AMD shares. Barclays lifted their price target on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Citigroup boosted their price objective on shares of Advanced Micro Devices from $145.00 to $165.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Truist Financial raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $173.00 to $213.00 in a research note on Tuesday, August 26th. Finally, Roth Capital set a $150.00 price objective on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research note on Friday, June 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $180.88.

About Advanced Micro Devices

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.