Csenge Advisory Group Purchases 898 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Csenge Advisory Group boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,268 shares of the semiconductor manufacturer’s stock after acquiring an additional 898 shares during the period. Csenge Advisory Group’s holdings in Advanced Micro Devices were worth $1,492,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its holdings in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares during the last quarter. Valued Wealth Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 70.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 70 shares in the last quarter. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $28,000. Bare Financial Services Inc bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded down $4.31 on Thursday, reaching $179.65. The stock had a trading volume of 40,555,461 shares, compared to its average volume of 64,473,301. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The firm has a fifty day moving average of $161.81 and a two-hundred day moving average of $166.82. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a market cap of $290.37 billion, a P/E ratio of 267.53, a price-to-earnings-growth ratio of 2.07 and a beta of 1.68.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMD. KeyCorp reduced their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Saturday, June 15th. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. Truist Financial decreased their price target on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. Finally, Wedbush reissued an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.50.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.65% of the company’s stock.

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.