The State of New Jersey Common Pension Fund D increased its stake in Advanced Micro Devices (AMD) by 3.8% to holdings valued at $91.59 million. AMD surpassed quarterly expectations with robust earnings and revenue growth, leading analysts to maintain a “Moderate Buy” rating with a target price of $288.17. Despite significant institutional ownership, recent insider selling by key executives like CEO Lisa Su has raised some concerns regarding sentiment.
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State of New Jersey Common Pension Fund D Has $91.59 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD
The State of New Jersey Common Pension Fund D increased its stake in Advanced Micro Devices (AMD) by 3.8% to holdings valued at $91.59 million. AMD surpassed quarterly expectations with robust earnings and revenue growth, leading analysts to maintain a “Moderate Buy” rating with a target price of $288.17. Despite significant institutional ownership, recent insider selling by key executives like CEO Lisa Su has raised some concerns regarding sentiment.