Goldman Sachs Downgrades Advanced Micro Devices (XTRA:AMD)

Fintel reports that on January 10, 2025, Goldman Sachs downgraded their outlook for Advanced Micro Devices (XTRA:AMD) from Buy to Neutral.

Analyst Price Forecast Suggests 54.95% Upside

As of December 23, 2024, the average one-year price target for Advanced Micro Devices is 181,32 €/share. The forecasts range from a low of 142,88 € to a high of 256,09 €. The average price target represents an increase of 54.95% from its latest reported closing price of 117,02 € / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Advanced Micro Devices is 31,291MM, an increase of 28.80%. The projected annual non-GAAP EPS is 5.55.

What is the Fund Sentiment?

There are 3,835 funds or institutions reporting positions in Advanced Micro Devices. This is an increase of 6 owner(s) or 0.16% in the last quarter. Average portfolio weight of all funds dedicated to AMD is 0.59%, an increase of 7.93%. Total shares owned by institutions increased in the last three months by 0.73% to 1,224,445K shares.

What are Other Shareholders Doing?

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 51,307K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 51,068K shares , representing an increase of 0.47%. The firm decreased its portfolio allocation in AMD by 4.55% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 42,388K shares representing 2.61% ownership of the company. In its prior filing, the firm reported owning 41,484K shares , representing an increase of 2.13%. The firm decreased its portfolio allocation in AMD by 4.88% over the last quarter.

Price T Rowe Associates holds 35,308K shares representing 2.18% ownership of the company. In its prior filing, the firm reported owning 20,117K shares , representing an increase of 43.02%. The firm increased its portfolio allocation in AMD by 70.81% over the last quarter.

Geode Capital Management holds 34,244K shares representing 2.11% ownership of the company. In its prior filing, the firm reported owning 33,802K shares , representing an increase of 1.29%. The firm decreased its portfolio allocation in AMD by 5.53% over the last quarter.

Invesco Qqq Trust, Series 1 holds 31,432K shares representing 1.94% ownership of the company. In its prior filing, the firm reported owning 31,130K shares , representing an increase of 0.96%. The firm decreased its portfolio allocation in AMD by 0.09% over the last quarter.

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This story originally appeared on Fintel.

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