Advanced Micro Devices (AMD)

• Market cap: $223B
• 1 day: -1.28%
• 5 days: -1.95%
• 1 month: -12.86%
• 3 months: -12.02%
• 6 months: -17.27%
• Year to date: -0.71%
• 1 year: 13.22%
• 5 years: 235.77%
• 10 years: 5,015.24%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

About: Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array leader Xilinx to diversify its business and augment its opportunities in key end markets such as data center and automotive.

Employees: 26,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

62% more repeat investments, than reductions

Existing positions increased: 1,211 | Existing positions reduced: 747

10% more first-time investments, than exits

New positions opened: 235 | Existing positions closed: 214

1% more funds holding

Funds holding: 2,429 [Q2] → 2,450 (+21) [Q3]

2% less funds holding in top 10

Funds holding in top 10: 134 [Q2] → 131 (-3) [Q3]

3.45% less ownership

Funds ownership: 69.81% [Q2] → 66.36% (-3.45%) [Q3]

6% less capital invested

Capital invested by funds: $186B [Q2] → $175B (-$11.2B) [Q3]

28% less call options, than puts

Call options by funds: $15.8B | Put options by funds: $21.8B

Research analyst outlook

16 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $169 23% upside
• Avg. target: $191 39% upside
• High target: $250 82% upside

16 analyst ratings

• positive: 15 94%
• neutral: 1 6%
• negative: 0 0%

Benchmark Cody Acree 72% 1-year accuracy 23 / 32 met price target	45% upside $200	Buy Reiterated	31 Oct 2024
Citigroup Christopher Danely 38% 1-year accuracy 8 / 21 met price target	45% upside $200	Buy Maintained	30 Oct 2024
TD Cowen Joshua Buchalter 17% 1-year accuracy 1 / 6 met price target	34% upside $185	Buy Maintained	30 Oct 2024
Cantor Fitzgerald C J Muse 46% 1-year accuracy 35 / 76 met price target	31% upside $180	Overweight Reiterated	30 Oct 2024
Piper Sandler Harsh Kumar 47% 1-year accuracy 16 / 34 met price target	31% upside $180	Overweight Reiterated	30 Oct 2024