Advanced Micro Devices, Inc. $AMD Stock Position Decreased by Csenge Advisory Group

Key Points

• Csenge Advisory Group cut its AMD position by 10.3% in the third quarter, selling 1,067 shares and ending the period with 9,307 shares valued at about $5.7 million.
• AMD beat quarterly estimates, reporting EPS of $2.09 and revenue of $13.38 billion, up 44.7% year over year; data-center sales were also reported up 97%.
• Analysts broadly remain positive, with a consensus “Moderate Buy” rating and $642.47 price target, though concerns include AMD’s high valuation, rising inventory and declining free cash flow.

Csenge Advisory Group reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,307 shares of the semiconductor manufacturer's stock after selling 1,067 shares during the period. Csenge Advisory Group's holdings in Advanced Micro Devices were worth $5,693,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares in the last quarter. State Street Corp grew its holdings in Advanced Micro Devices by 2.9% in the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock valued at $46,606,266,000 after purchasing an additional 2,149,563 shares during the last quarter. Bank of America Corp DE acquired a new stake in Advanced Micro Devices in the second quarter valued at $7,022,226,000. Jennison Associates LLC increased its position in shares of Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock valued at $5,793,388,000 after buying an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Advanced Micro Devices by 33.9% in the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock valued at $5,422,444,000 after buying an additional 2,365,419 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Reports that AMD plans to invest $2.5 billion in Anthropic added to optimism about its AI strategy and commercial ties. The news comes alongside reports that AMD is among companies participating in a broader Anthropic share purchase. Article: Stock Market Today, Nov. 10: AMD Rises on Plan to Invest $2.5 Billion in Anthropic
• Positive Sentiment: AMD’s data-center sales grew 97% in the third quarter, driven by EPYC server CPUs and the MI450 launch. The company sees substantial long-term markets for server CPUs and GPUs, while a new generation of EPYC processors is shipping through server partners. Article: 2 Reasons AMD Can Still Outperform by 2030 Article: AMD Showcases 6th Gen AMD EPYC Processors
• Positive Sentiment: Oppenheimer’s Outperform rating and $600 price target, along with sharply higher earnings estimates from Northland Securities, reinforce expectations for strong growth. Article: Oppenheimer Just Set a Whopping $600 Target on AMD Stock
• Neutral Sentiment: AMD shares have benefited from Nvidia-related uncertainty, but analysts caution that investor money moving between chip stocks is not the same as customers switching suppliers. A lasting gain depends on winning and retaining business. Article: AMD’s Stock Fades as Investors Weigh Whether Nvidia’s Turmoil Will Mean Lasting Wins
• Negative Sentiment: Some coverage flags declining free cash flow and rising inventory as risks. AMD’s rich valuation may leave less room for disappointment if its coming results do not confirm that AI demand is converting into healthy cash generation. Article: Here’s The AMD Data Center Number Investors Need to Know

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $515.21 on Wednesday. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The company has a market capitalization of $844.99 billion, a price-to-earnings ratio of 112.00, a PEG ratio of 4.90 and a beta of 2.49. The stock has a fifty day moving average of $548.56 and a two-hundred day moving average of $417.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The business had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same period in the prior year, the business earned $1.20 earnings per share. The business's revenue was up 44.7% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 6.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AMD shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $700.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Roth Capital increased their price objective on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Zacks Research cut shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 1st. DA Davidson raised their target price on shares of Advanced Micro Devices from $550.00 to $600.00 and gave the company a "buy" rating in a report on Wednesday, November 4th. Finally, Oppenheimer upgraded shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and set a $600.00 target price for the company in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $642.47.

Insider Activity

In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the transaction, the executive vice president directly owned 160,979 shares in the company, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the completion of the transaction, the senior vice president owned 26,623 shares in the company, valued at approximately $13,010,393.87. This trade represents a 10.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 230,957 shares of company stock worth $114,799,511 in the last quarter. Corporate insiders own 0.50% of the company's stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company's product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.

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