City Holding Co. Has $10.79 Million Holdings in Advanced Micro Devices, Inc. $AMD

City Holding Co. lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,571 shares of the semiconductor manufacturer’s stock after selling 1,362 shares during the period. Advanced Micro Devices makes up about 1.2% of City Holding Co.’s holdings, making the stock its 17th largest holding. City Holding Co.’s holdings in Advanced Micro Devices were worth $10,788,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Joseph Group Capital Management acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $27,000. Cornerstone Financial Management LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $30,000. Finally, Graney & King LLC acquired a new position in Advanced Micro Devices in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AI inference strategy gains support: AMD’s acquisition of Taalas adds specialized inference-chip technology to its product roadmap, potentially improving performance and efficiency relative to competitors such as Nvidia and Google. Taalas Buyout Boosts AMD’s AI Inference Abilities Against NVDA & GOOGL
• Positive Sentiment: Data-center expansion remains a growth catalyst: AMD’s Instinct Coder AI software stack and broader data-center push could strengthen its ability to capture enterprise AI spending. A partnership connected to Core Scientific provides access to more than 500 megawatts of U.S. data-center capacity beginning in 2027, with potential expansion to 2.5 gigawatts. What AMD’s New Instinct Coder AI Stack and Data Center Push Means For Shareholders
• Positive Sentiment: Institutional demand and analyst targets offer support: AGF Management increased its AMD position by approximately 554,000 shares, while Migdal Insurance disclosed a new position valued at about $134 million. Several analysts maintain targets above the current trading level, including a recently reported JPMorgan target of $550. AGF Management New Holdings
• Neutral Sentiment: Strong results have not eliminated execution risk: AMD exceeded second-quarter earnings and revenue expectations, with revenue rising sharply year over year. However, investors remain focused on whether AI-related growth, capital spending and free cash flow can justify current expectations.
• Negative Sentiment: Valuation is a major overhang: Commentary argues AMD is priced close to perfection, leaving limited room for weaker guidance, slower AI spending or competitive setbacks. The stock’s high earnings multiple makes it particularly sensitive to changes in sentiment. AMD: (Almost) Priced To Perfection
• Negative Sentiment: Post-earnings selling and insider activity weigh on sentiment: AMD declined despite its quarterly beat, reflecting broader skepticism about AI spending and concerns about lower free cash flow. Reports also note extensive insider selling with no disclosed open-market purchases in the past six months, while at least one investor has turned bearish. Advanced Micro Devices Reported Record Revenue. AMD Stock Sank Anyway

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMD shares. Bank of America lifted their target price on shares of Advanced Micro Devices from $550.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Cantor Fitzgerald restated an “overweight” rating and set a $700.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Seaport Research Partners raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price target on the stock in a research report on Wednesday, May 6th. Loop Capital upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Tuesday, June 16th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $546.87.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 6,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the transaction, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at approximately $661,663,348.71. This trade represents a 0.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 285,934 shares of company stock worth $130,353,006 over the last quarter. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 2.9%

AMD stock opened at $469.56 on Tuesday. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73. The company has a market cap of $766.54 billion, a PE ratio of 120.71 and a beta of 2.48. The business’s 50-day simple moving average is $513.75 and its 200 day simple moving average is $361.67. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 earnings per share. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.38 earnings per share for the current year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.