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Sovran Advisors LLC Increases Stock Position in Advanced Micro Devices, Inc. $AMD
Sovran Advisors LLC significantly increased its stake in Advanced Micro Devices (NASDAQ:AMD) by 103.1% in Q4, now holding 7,073 shares valued at over $1.6 million. Despite insider selling, analysts maintain a “Moderate Buy” rating with a consensus price target of $290.53, driven by optimism around AMD’s role in AI and data center demand. The company reported strong Q4 earnings, surpassing analyst estimates, and saw its stock perform well with a 12-month high of $267.08.