This afternoon we watched Advanced Micro Devices drop -4.0% to a price of $102.41 per share. The large-cap Semiconductors company is now trading -20.65% below its average target price of $129.06. Analysts have set target prices ranging from $55.9 to $186.32 per share for Advanced Micro Devices, and have given the stock an average rating of buy.
Advanced Micro Devices's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.8%. The stock's short ratio is 0.42. The company's insiders own 0.48% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 74.5%. In conclusion, we believe there is mixed market sentiment regarding Advanced Micro Devices.
Institutions Invested in Advanced Micro Devices
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 138,901,209 | $14,224,873,322 |
| 2023-06-30 | Blackrock Inc. | 7% | 120,580,689 | $12,348,668,802 |
| 2023-06-30 | State Street Corporation | 4% | 65,188,143 | $6,675,917,963 |
| 2023-06-30 | FMR, LLC | 3% | 50,643,217 | $5,186,372,038 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 2% | 40,370,829 | $4,134,376,745 |
| 2023-06-30 | JP Morgan Chase & Company | 2% | 32,604,644 | $3,339,041,711 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 30,401,005 | $3,113,367,033 |
| 2023-06-30 | Fisher Asset Management, LLC | 2% | 26,975,074 | $2,762,517,427 |
| 2023-06-30 | Jennison Associates LLC | 2% | 25,591,636 | $2,620,839,536 |
| 2023-06-30 | Wellington Management Group, LLP | 1% | 22,541,689 | $2,308,494,453 |
