Fintel reports that on January 14, 2025, Loop Capital initiated coverage of Advanced Micro Devices (NasdaqGS:AMD) with a Buy recommendation.
Analyst Price Forecast Suggests 58.42% Upside
As of December 23, 2024, the average one-year price target for Advanced Micro Devices is $185.86/share. The forecasts range from a low of $146.45 to a high of $262.50. The average price target represents an increase of 58.42% from its latest reported closing price of $117.32 / share.
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The projected annual revenue for Advanced Micro Devices is 30,504MM, an increase of 25.56%. The projected annual non-GAAP EPS is 5.60.
What is the Fund Sentiment?
There are 3,834 funds or institutions reporting positions in Advanced Micro Devices. This is an increase of 33 owner(s) or 0.87% in the last quarter. Average portfolio weight of all funds dedicated to AMD is 0.59%, an increase of 10.15%. Total shares owned by institutions increased in the last three months by 0.72% to 1,224,613K shares. 
The put/call ratio of AMD is 0.83, indicating a bullish outlook.
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.
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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