Fintel reports that on November 14, 2023, Roth MKM initiated coverage of Advanced Micro Devices (NASDAQ:AMD) with a Buy recommendation.
Analyst Price Forecast Suggests 18.26% Upside
As of November 1, 2023, the average one-year price target for Advanced Micro Devices is 138.12. The forecasts range from a low of 60.60 to a high of $210.00. The average price target represents an increase of 18.26% from its latest reported closing price of 116.79.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Advanced Micro Devices is 25,222MM, an increase of 14.07%. The projected annual non-GAAP EPS is 3.69.
What is the Fund Sentiment?
There are 3283 funds or institutions reporting positions in Advanced Micro Devices. This is an increase of 117 owner(s) or 3.70% in the last quarter. Average portfolio weight of all funds dedicated to AMD is 0.66%, a decrease of 4.12%. Total shares owned by institutions decreased in the last three months by 4.19% to 1,210,311K shares. 
The put/call ratio of AMD is 1.01, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 50,219K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 49,913K shares, representing an increase of 0.61%. The firm increased its portfolio allocation in AMD by 7.89% over the last quarter.
Price T Rowe Associates holds 40,371K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 55,228K shares, representing a decrease of 36.80%. The firm decreased its portfolio allocation in AMD by 21.34% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 38,342K shares representing 2.37% ownership of the company. In it's prior filing, the firm reported owning 37,623K shares, representing an increase of 1.88%. The firm increased its portfolio allocation in AMD by 7.28% over the last quarter.
Jpmorgan Chase holds 32,605K shares representing 2.02% ownership of the company. In it's prior filing, the firm reported owning 36,168K shares, representing a decrease of 10.93%. The firm decreased its portfolio allocation in AMD by 6.54% over the last quarter.
Geode Capital Management holds 31,104K shares representing 1.93% ownership of the company. In it's prior filing, the firm reported owning 30,401K shares, representing an increase of 2.26%. The firm decreased its portfolio allocation in AMD by 6.35% over the last quarter.
Advanced Micro Devices Background Information
(This description is provided by the company.)
For more than 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies - the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible.
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This story originally appeared on Fintel.
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