Perigon Wealth Management LLC Has $5 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Perigon Wealth Management LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,911 shares of the semiconductor manufacturer’s stock after purchasing an additional 605 shares during the quarter. Perigon Wealth Management LLC’s holdings in Advanced Micro Devices were worth $4,999,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management bought a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $26,000. Peoples Bank KS bought a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $26,000. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $27,000. Castleview Partners LLC boosted its position in shares of Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 90 shares during the period. Finally, Indiana Trust & Investment Management CO bought a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $31,000. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley increased their price objective on Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. New Street Research upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Wednesday, January 24th. Barclays increased their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Citigroup increased their price objective on Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $181.52.

Advanced Micro Devices Stock Down 3.7 %

Shares of Advanced Micro Devices stock traded down $6.23 on Friday, reaching $164.27. 31,348,637 shares of the company were exchanged, compared to its average volume of 74,948,594. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The company has a market capitalization of $265.48 billion, a price-to-earnings ratio of 314.68, a PEG ratio of 2.55 and a beta of 1.64. 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 $181.44 and a 200 day moving average of $146.20.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares of the company’s stock, valued at $457,151.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, 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 a total of 324,943 shares of company stock valued at $59,919,994 in the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

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.