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 |
