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PKO Investment Management cut its AMD stake to $9.38 million, citing strong earnings and AI-driven momentum despite insider sales.
PKO Investment Management reduced its AMD stake to 58,000 shares, worth $9.38 million, or 0.8% of its portfolio, as of its latest SEC filing.
The company reported strong Q3 earnings on November 4, with $1.20 EPS and $9.25 billion in revenue, up 35.6% year-over-year.
Analysts rate AMD a "Moderate Buy" with a $277 average target.
Positive sentiment stems from AI product launches, analyst upgrades, and investor enthusiasm, despite macro headwinds and insider sales totaling $39.2 million.
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PKO Investment Management redujo su participación en AMD a $9.38 millones, citando fuertes ganancias y un impulso impulsado por la IA a pesar de las ventas internas.