Sienna Gestion reduced its stake in Advanced Micro Devices (AMD) by 10.4% in the third quarter, selling 5,698 shares and retaining 49,257 shares valued at approximately $7.27 million. This reduction comes amid significant insider selling, with executives disposing of shares totaling around $58.48 million in the last 90 days. Despite the institutional selling, AMD recently surpassed quarterly earnings expectations and holds a consensus analyst rating of “Moderate Buy” with an average price target of $290.53.
Sienna Gestion Lowers Stock Holdings in Advanced Micro Devices, Inc. $AMD
Sienna Gestion reduced its stake in Advanced Micro Devices (AMD) by 10.4% in the third quarter, selling 5,698 shares and retaining 49,257 shares valued at approximately $7.27 million. This reduction comes amid significant insider selling, with executives disposing of shares totaling around $58.48 million in the last 90 days. Despite the institutional selling, AMD recently surpassed quarterly earnings expectations and holds a consensus analyst rating of “Moderate Buy” with an average price target of $290.53.