Seaport Global upgraded its outlook for Advanced Micro Devices (NasdaqGS:AMD) from Neutral to Buy on May 6, 2026. The average one-year price target for AMD is $293.51 per share, indicating a potential downside of 17.38% from its latest closing price of $355.26 per share. The projected annual revenue is forecasted at $31.08 billion, a decrease of 17.01%, with an estimated non-GAAP EPS of 6.56.
As of the latest quarter, there are 3,169 institutional investors in AMD, a reduction of 563 or 15.09%. Total shares owned by these institutions dropped by 6.47% to approximately 1.094 billion shares. Notable increases in ownership include Geode Capital Management, up by 0.77%, and J.P. Morgan Chase, which significantly increased its stake by 113.83%. The current put/call ratio for AMD stands at 1.04, reflecting a bearish outlook.
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