City Holding Co. Reduces Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

City Holding Co. lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 16.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,107 shares of the semiconductor manufacturer's stock after selling 5,260 shares during the period. City Holding Co.'s holdings in Advanced Micro Devices were worth $2,682,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after purchasing an additional 1,441,626 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer's stock valued at $4,224,840,000 after purchasing an additional 835,413 shares in the last quarter. Fisher Asset Management LLC boosted its position in Advanced Micro Devices by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock worth $2,909,350,000 after acquiring an additional 290,784 shares during the last quarter. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter valued at $2,867,193,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Advanced Micro Devices by 9.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock valued at $2,585,079,000 after acquiring an additional 1,929,225 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMD shares. Melius Research set a $110.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Rosenblatt Securities restated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Wells Fargo & Company dropped their price target on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. KeyCorp downgraded Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Finally, Barclays increased their price objective on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Fifteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $133.23.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Down 2.2%

Shares of NASDAQ AMD traded down $2.64 during midday trading on Thursday, reaching $118.50. The company had a trading volume of 44,550,823 shares, compared to its average volume of 41,430,718. The firm's fifty day moving average price is $103.06 and its 200-day moving average price is $111.80. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The stock has a market cap of $192.14 billion, a PE ratio of 119.70, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the previous year, the company earned $0.62 earnings per share. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

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.