City Holding Co. Cuts Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• City Holding Co. has decreased its stake in Advanced Micro Devices, Inc. (AMD) by 8.8%, now holding 23,822 shares valued at approximately $3.38 million.
• Several institutional investors, including Sivia Capital Partners LLC and Fragasso Financial Advisors Inc., have significantly increased their positions in AMD, suggesting growing interest in the semiconductor company.
• Analysts have raised their price targets for AMD, with recommendations ranging from "Strong Buy" to "Buy", indicating positive sentiment towards the stock's future performance.

City Holding Co. reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,822 shares of the semiconductor manufacturer's stock after selling 2,285 shares during the quarter. City Holding Co.'s holdings in Advanced Micro Devices were worth $3,380,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Parisi Gray Wealth Management acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $343,000. Davis Investment Partners LLC acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $736,000. Sivia Capital Partners LLC boosted its position in shares of Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after purchasing an additional 2,970 shares during the period. Fragasso Financial Advisors Inc boosted its position in shares of Advanced Micro Devices by 151.3% in the 2nd quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer's stock valued at $799,000 after purchasing an additional 3,388 shares during the period. Finally, Modern Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $644,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the completion of the transaction, the executive vice president directly owned 313,848 shares in the company, valued at $50,507,558.64. This trade represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 272,448 shares of company stock valued at $44,554,848. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Benchmark increased their price objective on Advanced Micro Devices from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Mizuho increased their price objective on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Bank of America increased their price objective on Advanced Micro Devices from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, Citigroup increased their price objective on Advanced Micro Devices from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $180.88.

Advanced Micro Devices Price Performance

AMD stock opened at $159.46 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The stock has a market capitalization of $258.78 billion, a price-to-earnings ratio of 91.64, a price-to-earnings-growth ratio of 1.88 and a beta of 1.92. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock's fifty day simple moving average is $165.48 and its 200-day simple moving average is $131.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the business posted $0.69 EPS. Advanced Micro Devices's revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices Profile

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.

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