HSBC Upgrades Advanced Micro Devices Outlook to Hold

On May 27, 2025, HSBC upgraded its outlook for Advanced Micro Devices (NasdaqGS:AMD) from Reduce to Hold.

Analyst Price Forecast Indicates 19.40% Upside

As of May 6, 2025, the average one-year price target for AMD is $136.78 per share. Forecasts range from a low of $70.70 to a high of $210.00. This average target reflects a potential increase of 19.40% from the latest closing price of $114.55 per share.

Projected Revenue and EPS

AMD’s projected annual revenue is $30,504 million, marking a 9.92% increase. The expected annual non-GAAP EPS is projected at 5.60.

Fund Sentiment Overview

3,589 funds and institutions report positions in AMD, down by 166 or 4.42% from the last quarter. The average portfolio weight of all funds in AMD increased by 5.42% to 0.46%. Total institutional shares decreased by 4.69% to 1,161,065,000 shares. The put/call ratio stands at 0.75, indicating a bullish sentiment.

Institutional Shareholder Activity

Vanguard Total Stock Market Index Fund decreased its holdings from 51,307,000 shares to 50,848,000 shares, reducing its allocation by 0.90% and by 28.10% over the last quarter.

Vanguard 500 Index Fund increased its shares from 42,388,000 to 43,928,000, reflecting a 3.51% increase while decreasing its portfolio allocation by 27.82% last quarter.

Geode Capital Management raised its holdings from 35,079,000 to 36,176,000 shares, an increase of 3.03%, but decreased its allocation by 11.06% over the last quarter.

Invesco QQQ Trust increased its holdings to 32,918,000 shares from 31,432,000, reflecting a 4.51% increase, while decreasing its allocation by 28.80% last quarter.

UBS Asset Management Americas slightly decreased its holdings from 21,401,000 to 21,364,000 shares, down by 0.18%, reducing its allocation by 6.77% during the same period.

Company Background

Advanced Micro Devices (AMD) has been a leader in high-performance computing and graphics technologies for over 50 years. Its innovations are fundamental to gaming, immersive platforms, and data centers. AMD’s technology is utilized daily by millions, including consumers, Fortune 500 companies, and research facilities worldwide.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.