Miramontes Capital LLC Buys Shares of 1,307 Advanced Micro Devices, Inc. $AMD

Miramontes Capital LLC recently acquired 1,307 shares of Advanced Micro Devices (AMD) valued at approximately $759,000, initiating a new position in the semiconductor manufacturer. This comes as institutional ownership in AMD reaches 71.34%, with other funds also increasing their stakes. AMD reported strong quarterly earnings, surpassing analyst expectations, and analysts generally maintain a "Moderate Buy" rating for the stock, despite concerns about its valuation and recent insider selling.