On April 24, 2026, DA Davidson upgraded Advanced Micro Devices (NASDAQ: AMD) from “Neutral” to “Buy.” Despite the upgrade, the average one-year price target for the stock is set at $285.48 per share, reflecting a potential 17.91% decline from its latest closing price of $347.76. The projected annual revenue for AMD is anticipated to be $31.08 billion, a decrease of 10.27% from previous forecasts.
As of the latest data, 3,164 funds or institutions hold positions in AMD, a decrease of 650 owners (17.04%) in the last quarter. Total shares owned by institutions have also decreased by 6.08% to approximately 1,090,943K shares. The put/call ratio stands at 1.07, suggesting a bearish market sentiment.
Major shareholders have adjusted their positions, with Geode Capital Management increasing its stake by 0.77% to 37,585K shares, while Norges Bank reported a complete acquisition of 23,017K shares, an increase of 100%. J.P. Morgan Chase also increased its holding by 35.13% to 20,912K shares, marking a significant change in its portfolio allocation.
