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Wedbush reiterated coverage of Advanced Micro Devices (NASDAQ: AMD) with an Outperform rating on May 3, 2023. The average one-year price target for the company is $100.74, suggesting a 12.04% increase from its last closing price of $89.91.
As of April 2023, AMD’s projected annual revenue is $25.22 billion, reflecting a 9.34% increase, with a projected non-GAAP EPS of 3.69. Institutional ownership has grown, with 2,949 funds reporting positions—a net increase of 73 funds (2.54%) from the previous quarter.
The put/call ratio stands at 1.06, indicating a bearish outlook; however, significant stakeholders like Price T Rowe Associates and Vanguard have increased their shareholdings in AMD in the last quarter.
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