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

Perigon Wealth Management LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,471 shares of the semiconductor manufacturer’s stock after selling 260 shares during the quarter. Perigon Wealth Management LLC’s holdings in Advanced Micro Devices were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp raised its stake in shares of Advanced Micro Devices by 3.8% during the 2nd quarter. M&T Bank Corp now owns 57,238 shares of the semiconductor manufacturer’s stock worth $3,011,000 after purchasing an additional 2,106 shares during the period. Koshinski Asset Management Inc. raised its stake in shares of Advanced Micro Devices by 11.2% during the 2nd quarter. Koshinski Asset Management Inc. now owns 6,041 shares of the semiconductor manufacturer’s stock worth $318,000 after purchasing an additional 607 shares during the period. Avestar Capital LLC bought a new stake in shares of Advanced Micro Devices during the 2nd quarter worth $217,000. Deltec Asset Management LLC bought a new stake in shares of Advanced Micro Devices during the 2nd quarter worth $2,505,000. Finally, Eads & Heald Wealth Management raised its stake in shares of Advanced Micro Devices by 67.9% during the 2nd quarter. Eads & Heald Wealth Management now owns 17,620 shares of the semiconductor manufacturer’s stock worth $927,000 after purchasing an additional 7,123 shares during the period. Institutional investors own 69.37% of the company’s stock.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 75,000 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $55.25, for a total value of $4,143,750.00. Following the completion of the transaction, the senior vice president now owns 752,100 shares in the company, valued at $41,553,525. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 43,000 shares of the stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $54.36, for a total value of $2,337,480.00. Following the completion of the transaction, the executive vice president now owns 1,378,280 shares of the company’s stock, valued at approximately $74,923,300.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 461,000 shares of company stock valued at $25,381,930. 1.50% of the stock is owned by corporate insiders.

A number of equities research analysts recently issued reports on AMD shares. Craig Hallum cut Advanced Micro Devices from a “buy” rating to a “hold” rating and boosted their price objective for the company from $60.00 to $66.00 in a research note on Wednesday. Northland Securities upped their price target on Advanced Micro Devices from $67.50 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday. Piper Sandler upped their price target on Advanced Micro Devices from $60.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday. Loop Capital boosted their price objective on Advanced Micro Devices from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Exane BNP Paribas raised Advanced Micro Devices from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.97.

Shares of Advanced Micro Devices stock opened at $77.43 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.10 and a debt-to-equity ratio of 0.15. The company has a market cap of $90.91 billion, a PE ratio of 146.10, a P/E/G ratio of 2.03 and a beta of 2.14. The business has a 50 day moving average of $56.61 and a 200 day moving average of $51.94. Advanced Micro Devices, Inc. has a 52 week low of $27.43 and a 52 week high of $78.96.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.86 billion. Advanced Micro Devices had a return on equity of 28.66% and a net margin of 7.96%. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 earnings per share. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 0.85 earnings per share for the current year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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