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Exploring the Latest Trends in Advanced Micro Devices Stock Holdings Exploring the Latest Trends in Advanced Micro Devices Stock Holdings

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By Ronald Tech


Deciphering Hedge Fund Strategies

Upon delving into the latest set of 13F filings for the 09/30/2024 reporting period, an intriguing pattern emerges – a total of 16 funds have made the decision to hold stocks of Advanced Micro Devices Inc (Symbol: AMD). This alignment of thinking among hedge fund managers sparks curiosity and prompts a deeper exploration.

13F Filings: The Whole versus the Visible Part

It’s crucial to note the limitations of 13F filings – they only reveal long positions and not the full spectrum of hedge fund strategies. A fund might maintain both long and short positions, thus obscuring the actual sentiment towards a stock. The visible long positions present only part of the intricate tale.

Revealing Insights from Group Comparisons

Group analysis of 13F filings unveils intriguing narratives, especially when comparing holdings across different periods. Let’s delve into the modifications in AMD positions among the latest batch of filers:

Fund New Position? Change In Share Count Change In Market Value ($ in 1000’s)
Pictet North America Advisors SA Existing +4,313 +$750
Aggregate Change: +80,938 +$9,737

In terms of shares owned, among the listed funds, 10 increased their existing AMD positions from 06/30/2024 to 09/30/2024, while 5 decreased their holdings, and 1 initiated a new position.

Zooming Out for a broader Analysis

Expanding our scope beyond the listed funds, we tallied the aggregate of AMD shares held by all funds during the 09/30/2024 reporting period. Comparing this with the tally from the prior period, we observed an increase of 279,097 shares – a rise of approximately 1.37% in the overall share count held by hedge funds for AMD.

See also  Analysis of Tesla Before Q3 Earnings: Investment InsightsExploring Tesla's Pre-Q3 Earnings

With Tesla set to release its third-quarter 2024 results after the market closes on Wednesday, investors are at a crossroads pondering whether to seize the opportunity or await the outcome. The Zacks Consensus Estimate projects earnings of 58 cents per share and revenues of $25.6 billion for the upcoming quarter.

Although the estimated earnings show a slight improvement over the past week, they anticipate a 12.12% decline year-over-year. In contrast, revenue projections suggest a promising 9.5% increase from the previous year.

Forecasting Tesla's Q3 Performance

Tesla's recent production figures reveal the manufacturing of 469,796 vehicles in the third quarter, including a significant number of Model 3 and Y units. While deliveries slightly missed estimates, the company witnessed a year-over-year increase for the first time in 2024, indicating a positive trend.

The automotive revenues for this quarter are expected to reach $22.2 billion, with the company resorting to price cuts and incentives to bolster demand. These tactics likely fueled sales growth, albeit potentially impacting margins. The forecasted gross margin for Tesla's automotive segment stands at 18.3%, slightly lower than the corresponding quarter of the previous year.

On the energy front, Tesla's energy generation and storage business demonstrate a bright outlook, with revenues projected to grow by 39%, supported by robust demand for products like Megapack and Powerwall.

Considerations for Investment

While Tesla faces challenges like shrinking automotive margins and recent disappointments in events like the Robotaxi unveiling, the company remains resilient. Innovations like the humanoid robot project, Optimus, and the rollout of Full Self-Driving (FSD) Beta software showcase Tesla's commitment to technological advancement.

Moreover, Tesla's plans for new affordable EV models and the lucrative Energy Generation and Storage business spark optimism among investors. The company's liquidity and minimal debt ratios position it favorably for seizing emerging opportunities in the market.

Strategic Insights for Investors

As the Q3 earnings approach, meticulous attention will be on Tesla's revenue growth, profit margins, and cash flow performance to assess its financial viability. Despite a recent stock dip post the Robotaxi event, some long-term investors, including Cathie Wood's Ark Invest, see potential in Tesla's growth story.

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Unveiling Leaders in AMD Holdings

The top three funds holding AMD stock on 09/30/2024 showcased remarkable faith in the company’s trajectory. Their positions stand as a testament to their confidence in the market performance of Advanced Micro Devices.

We remain committed to tracking the latest 13F filings by hedge fund managers, unearthing compelling narratives derived from aggregate information across fund groups. While individual filings offer a limited view, the collective data distinction between reporting periods presents valuable insights deserving further exploration in stocks like Advanced Micro Devices Inc (Symbol: AMD).

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