Investors Are Bullish on Advanced Micro Devices - Here's What You Need to Know.

After this morning's 1.4% surge to $119.59 per share, Advanced Micro Devices might just keep moving past its target price of $118.75. With an average analyst rating of buy, and target prices from $55.16 to $183.85, the stock's next move is anyone's guess.

Advanced Micro Devices's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.0%. The stock's short ratio is 0.6. 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
2023-09-30 Vanguard Group Inc 9% 140,054,820 $16,750,906,737
2023-09-30 Blackrock Inc. 8% 121,643,071 $14,548,815,510
2023-09-30 State Street Corporation 4% 64,162,483 $7,673,993,431
2023-09-30 FMR, LLC 3% 41,078,610 $4,913,104,490
2023-09-30 JP Morgan Chase & Company 2% 35,809,867 $4,282,949,650
2023-09-30 Geode Capital Management, LLC 2% 31,103,595 $3,720,067,749
2023-09-30 Fisher Asset Management, LLC 2% 27,768,188 $3,321,144,730
2023-09-30 Jennison Associates LLC 2% 25,395,283 $3,037,339,358
2023-09-30 Price (T.Rowe) Associates Inc 2% 25,122,292 $3,004,688,951
2023-09-30 Morgan Stanley 2% 24,351,551 $2,912,506,400
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.