Fintel reports Wedbush maintained coverage of Advanced Micro Devices (NASDAQ:AMD) with an Outperform recommendation on August 2, 2023. Analysts project a 19.45% upside with an average one-year price target of 136.65, ranging from $60.60 to $210.00. The projected annual revenue for AMD is 25,222MM, with a non-GAAP EPS of 3.69.

There are 3139 funds reporting positions in AMD, reflecting a 6.88% increase in the last quarter. Average portfolio weight dedicated to AMD is 0.70%, up by 16.75%. Institutions hold 1,260,089K shares, with a put/call ratio of 0.97, indicating a bullish outlook. Price T Rowe Associates increased its ownership of AMD by 7.88% to 55,228K shares.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 49,913K shares (3.10% ownership) of AMD, with a 42.28% increase in portfolio allocation. VFINX – Vanguard 500 Index Fund Investor Shares holds 37,623K shares (2.34% ownership) of AMD, with a 41.65% increase in portfolio allocation. Jpmorgan Chase holds 36,168K shares (2.25% ownership) of AMD, with a 23.73% increase in portfolio allocation.

Geode Capital Management holds 29,631K shares (1.84% ownership) of AMD, with a 42.44% increase in portfolio allocation. AMD has been driving innovation in high-performance computing, graphics, and visualization technologies for over 50 years. Millions of consumers and businesses worldwide rely on AMD technology for gaming, data centers, and more.

For more information, visit the original article on Fintel.

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