William Blair Investment Management LLC significantly increased its stake in Advanced Micro Devices (AMD) by 72.5% in the third quarter, bringing its total holdings to 1,047,200 shares valued at approximately $169.4 million. This increase follows positive news for AMD, including a substantial GPU commitment from Meta and strategic partnerships, leading to multiple analyst price target upgrades. Despite insider selling, the consensus price target for AMD from Wall Street analysts is around $290.53, maintaining a “Moderate Buy” rating.
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William Blair Investment Management LLC Increases Stock Holdings in Advanced Micro Devices, Inc. $AMD
William Blair Investment Management LLC significantly increased its stake in Advanced Micro Devices (AMD) by 72.5% in the third quarter, bringing its total holdings to 1,047,200 shares valued at approximately $169.4 million. This increase follows positive news for AMD, including a substantial GPU commitment from Meta and strategic partnerships, leading to multiple analyst price target upgrades. Despite insider selling, the consensus price target for AMD from Wall Street analysts is around $290.53, maintaining a “Moderate Buy” rating.