This article first appeared on GuruFocus.
ETFs sold a net $181.8 million of Advanced Micro Devices (AMD) on Thursday, with 40 funds buying and 30 selling. More ETFs traded the other way, but in smaller amounts, leaving the day net negative by dollar value. The move followed two straight days of net buying, including $130.8 million on Wednesday and $67.7 million on Tuesday. ETF activity also included a $53.2 million net sale on Monday and a $143.6 million net purchase on Oct. 23.
Every ETF and guru trade in AMD is tracked on the AMD guru trades page.
Which ETFs sold AMD on Thursday?
The largest sellers by dollar value were QQQ ($91.6 million), TECL ($47.4 million) and SPY ($28.3 million). In all, 40 ETFs added shares and 30 cut them.
QQQ accounted for the largest share of the selling, with a $91.6 million reduction, followed by TECL at $47.4 million and SPY at $28.3 million. QLD shed $17.7 million, IVV $8.1 million and USD $6.6 million, while ARKQ and SPYM each moved less than $3 million. Advanced Micro Devices sits in the Technology sector and the Semiconductors industry, with a market cap of $824.1 billion.
Have ETFs been buying or selling AMD lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does AMD do?
Advanced Micro Devices is a fabless semiconductor company that designs high-performance computing and graphics processors.
Advanced Micro Devices reported trailing-12-month revenue of $41.30 billion, up 38.0% over the past year. Its gross margin was 50.4% and net margin 15.5%, with a P/E of 129.54, P/B of 12.26 and P/S of 20.17. The stock carried a GF Score of 82 and a GF Value of $297.54 against a price of $504.80, and was up 135.71% year to date.
AMD at a glance
For a closer look, open the AMD stock summary, its GF Value chart and insider buying and selling.