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
|2023-06-30||Vanguard Group Inc||9%||138,901,209||$14,224,873,322|
|2023-06-30||State Street Corporation||4%||65,188,143||$6,675,917,963|
|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|