Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by City Holding Co.

City Holding Co. trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,367 shares of the semiconductor manufacturer’s stock after selling 4,857 shares during the quarter. City Holding Co.’s holdings in Advanced Micro Devices were worth $3,789,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Capital Management Investments LLC grew its stake in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares in the last quarter. ZRC Wealth Management LLC grew its position in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $32,000. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 101.8% in the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Bank of America cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price target for the company from $180.00 to $155.00 in a research report on Monday, December 9th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Morgan Stanley lowered their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Finally, KeyCorp cut their target price on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.61.

Advanced Micro Devices Price Performance

AMD stock opened at $121.46 on Monday. The firm has a 50 day moving average of $129.94 and a 200-day moving average of $145.19. The company has a market cap of $197.11 billion, a price-to-earnings ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $114.41 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the business earned $0.53 earnings per share. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is owned by corporate insiders.

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.