Lyell Wealth Management LP reduced its stake in Advanced Micro Devices (NASDAQ:AMD) by 8.7% in the third quarter, selling 7,562 shares and holding 79,184 shares valued at $12.81 million. Despite this trimming and recent insider selling by CEO Lisa Su, AMD reported a strong earnings beat with EPS of $1.53 and revenue of $10.27 billion, showing 34.1% year-over-year growth. Analysts maintain a “Moderate Buy” consensus rating with an average target price of $288.17, supported by positive sentiment regarding market share gains from Intel and advancements in data center chips.
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Lyell Wealth Management LP Sells 7,562 Shares of Advanced Micro Devices, Inc. $AMD
Lyell Wealth Management LP reduced its stake in Advanced Micro Devices (NASDAQ:AMD) by 8.7% in the third quarter, selling 7,562 shares and holding 79,184 shares valued at $12.81 million. Despite this trimming and recent insider selling by CEO Lisa Su, AMD reported a strong earnings beat with EPS of $1.53 and revenue of $10.27 billion, showing 34.1% year-over-year growth. Analysts maintain a “Moderate Buy” consensus rating with an average target price of $288.17, supported by positive sentiment regarding market share gains from Intel and advancements in data center chips.