City Holding Co. Increases Its AMD Shareholdings

Published March 20, 2024

City Holding Co. has expanded its investment in semiconductor champion Advanced Micro Devices, Inc. (AMD) in the 4th quarter, as reported in their latest Form 13F filing with the Securities and Exchange Commission. The financial organization raised its ownership by 6.0%, now holding a total of 44,058 AMD shares, which includes the purchase of an additional 2,494 shares within the quarter. AMD now represents about 1.0% of City Holding Co.'s portfolio, standing as their 23rd largest holding. Their stake in the company is valued at approximately $6.49 million based on the latest SEC filing data.

Other Investors Adjust AMD Stakes

City Holding Co. is not the only investor adjusting its AMD stakes. Vanguard Group Inc. slightly raised its AMD share by 0.8% in the third quarter. Similarly, State Street Corp and Geode Capital Management LLC increased their stakes within different quarters, with State Street Corp growing its AMD shares by 1.7% in the 1st quarter and Geode Capital Management by 2.6% in the 2nd quarter. Norges Bank went on to establish a new position in AMD in the 4th quarter. On the other hand, Northern Trust Corp significantly raised its position in AMD by 35.5% in the 1st quarter. Collectively, hedge funds and other institutional investors now own 68.43% of AMD's stock.

AMD's Performance and Analyst Ratings

AMD's stock opened at $181.42 with a slight dip of 4.8% on a recent trading day. The company maintains a healthy financial stance with a current ratio of 2.51 and a much manageable debt-to-equity ratio. The stock's price has been dynamic over the year, ranging from a low of $81.02 to a high of $227.30.

On the front of expert opinions, several analysts have recently published reports on AMD. With various investment firms setting target prices that span a wide range, the consensus among them is generally optimistic. Ratings range from 'hold' to a majority of 'buy' recommendations, and the consensus rating appears to be 'Moderate Buy' with an average price target of $181.82.

Notable Insider Transactions at AMD

AMD has experienced significant insider trading activity. Recent transactions involved major stock sales by insiders, including a 100,000 share disposal by insider Victor Peng. These sales reflect a strong insider belief in the liquidity and value of AMD's shares. Important disclosures for these transactions have been filed with the SEC, which indicates the ongoing changes in insider ownership.

AMD’s Continued Growth in the Semiconductor Industry

AMD is a global semiconductor leapfrogger with products spread across Data Center, Client, Gaming, and Embedded segments. The company boasts a product lineup that includes x86 microprocessors, GPUs, field programmable gate arrays, and adaptive SoC products. With its fingers in multiple pies, AMD remains a compelling figure in the semiconductor space, making significant strides in market presence and financial performance.

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