Perigon Wealth Management LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,233 shares of the semiconductor manufacturer’s stock after selling 3,531 shares during the period. Perigon Wealth Management LLC’s holdings in Advanced Micro Devices were worth $11,400,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new position in shares of Advanced Micro Devices in the third quarter worth about $626,826,000. Wellington Management Group LLP grew its position in shares of Advanced Micro Devices by 335.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after acquiring an additional 3,735,807 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Advanced Micro Devices by 104.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,991,297 shares of the semiconductor manufacturer’s stock valued at $1,283,096,000 after purchasing an additional 3,059,935 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Advanced Micro Devices by 203.7% in the 3rd quarter. Nordea Investment Management AB now owns 3,905,148 shares of the semiconductor manufacturer’s stock valued at $631,892,000 after purchasing an additional 2,619,294 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in Advanced Micro Devices by 56.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer’s stock worth $961,078,000 after purchasing an additional 2,430,533 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Benchmark reiterated a “buy” rating and set a $325.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Erste Group Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday. Wall Street Zen raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 26th. Evercore reissued an “outperform” rating and issued a $358.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Finally, China Renaissance initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, January 13th. They issued a “buy” rating and a $291.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $290.53.
Advanced Micro Devices Trading Up 3.5%
Shares of AMD stock opened at $217.50 on Friday. The company’s 50-day moving average price is $210.71 and its 200-day moving average price is $214.10. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The stock has a market cap of $354.60 billion, a price-to-earnings ratio of 82.08, a PEG ratio of 0.79 and a beta of 1.96. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm had revenue of $10.27 billion during the quarter, compared to analysts’ expectations of $9.65 billion. During the same period last year, the business earned $1.09 earnings per share. Advanced Micro Devices’s revenue was up 34.1% compared to the same quarter last year. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.
Insider Activity
In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total value of $4,216,954.50. Following the transaction, the executive vice president directly owned 289,098 shares in the company, valued at approximately $62,679,337.38. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Ava Hahn sold 2,442 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $234.42, for a total value of $572,453.64. Following the completion of the transaction, the senior vice president owned 16,359 shares of the company’s stock, valued at $3,834,876.78. The trade was a 12.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 239,392 shares of company stock worth $50,016,383. Corporate insiders own 0.06% of the company’s stock.
Trending Headlines about Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: March Steam Hardware Survey shows gains for AMD’s CPU and GPU share, supporting investor confidence in AMD’s consumer and gaming demand. TipRanks: AMD Stock Jumps Alongside Gains In the March 2026 Steam Hardware Survey
- Positive Sentiment: Wells Fargo added AMD to its Q2 Tactical Ideas List with an overweight stance and a high price target, which boosts institutional demand expectations ahead of earnings. Wall Street Flags Advanced Micro Devices as a Buy Before Earnings
- Positive Sentiment: Strategic partnerships (recently highlighted in buy‑side coverage) — the NAVER Cloud tie and broader collaborations with Samsung — strengthen AMD’s roadmap for AI/data‑center CPUs and accelerators and help secure memory/foundry supply. Advanced Micro Devices (AMD): Among the Stocks That Can Make You Richer in 2026
- Positive Sentiment: Broker upgrade: Erste Group raised AMD from Hold to Buy, adding fresh sell‑side momentum. Upgrades can trigger flows from model‑driven funds and momentum traders. Finviz: Erste Group Upgrade
- Positive Sentiment: Reports that hedge funds (e.g., D. E. Shaw) are building positions provide evidence of continued institutional accumulation. MSN: D. E. Shaw Is Loading Up on AMD
- Neutral Sentiment: AMD is a meaningful holding in several AI‑focused ETFs, which can amplify inflows when AI ETFs rally but also expose AMD to ETF‑level selling. MarketBeat: 3 AI ETFs That Let You Invest in the Entire AI Boom at Once
- Neutral Sentiment: Several bullish research pieces (Zacks, MarketBeat coverage) reiterate momentum/growth narratives for AMD; useful for sentiment but already baked into premium multiples. Zacks: Why AMD Is a Top Momentum Stock
- Neutral Sentiment: Reports that Ray Dalio trimmed his AMD stake are notable for headlines but represent a small portfolio move relative to overall institutional ownership. Yahoo: Ray Dalio Trims Stake
- Negative Sentiment: Cathie Wood’s firm sold roughly 57k AMD shares, which can pressure sentiment among retail/income‑sensitive strategies even if the size is modest. Barchart: Cathie Wood Ditches 57K AMD Shares
- Negative Sentiment: Geopolitical risk: Trump’s Iran remarks and related supply‑chain concerns briefly sparked a chip‑sector sell‑off earlier, creating headline‑driven volatility for AMD and peers. That risk can cause intra‑day whipsaw even as company fundamentals look strong. InvestorPlace: Trump’s Iran Update Spikes Volatility
Advanced Micro Devices Company 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.
See Also
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