
Advanced Micro Devices (NASDAQ:AMD) Reaches New 12-Month High - Here's Why

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Advanced Micro Devices (NASDAQ:AMD) shares reached a new 52-week high of $240.48, closing at $238.67 with significant trading volume. Analysts have set optimistic price targets, with Roth Capital at $250, Mizuho at $275, and Truist at $273. The company reported $0.48 EPS, missing estimates, but revenue was up 31.7% year-over-year. Insider selling activity was noted, with executives reducing their stakes. Institutional investors have also adjusted their holdings in AMD recently, reflecting ongoing interest in the semiconductor sector.
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