Zweig DiMenna Associates LLC significantly increased its stake in Advanced Micro Devices (AMD) by 127.6% in Q3, now holding 72,602 shares valued at $11.75 million. This comes despite recent insider selling, with CEO Lisa T. Su offloading shares worth $26.8 million. AMD’s recent quarterly earnings surpassed analyst expectations with strong revenue growth, and analysts maintain a “Moderate Buy” rating with an average target price of $288.17.
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Advanced Micro Devices, Inc. $AMD Shares Bought by Zweig DiMenna Associates LLC
Zweig DiMenna Associates LLC significantly increased its stake in Advanced Micro Devices (AMD) by 127.6% in Q3, now holding 72,602 shares valued at $11.75 million. This comes despite recent insider selling, with CEO Lisa T. Su offloading shares worth $26.8 million. AMD’s recent quarterly earnings surpassed analyst expectations with strong revenue growth, and analysts maintain a “Moderate Buy” rating with an average target price of $288.17.