Wells Fargo Reiterates Overweight Rating for Advanced Micro Devices (AMD)

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Wells Fargo maintained an Overweight recommendation for Advanced Micro Devices (NasdaqGS:AMD) on October 7, 2025. The average one-year price target for AMD is set at $188.28/share, reflecting a projected 7.58% decrease from its last closing price of $203.71/share.

As of September 30, 2025, there are 3,649 funds or institutions reporting positions in AMD, an increase of 276 (or 8.18%) from the previous quarter. Institutional ownership increased by 4.57% over three months, totaling 1,185,484K shares. The projected annual revenue for AMD is $30,504MM, a 3.05% increase, with a non-GAAP EPS forecast of $5.60.

The put/call ratio stands at 0.84, indicating a bullish sentiment. Major institutional holders include Vanguard Total Stock Market Index Fund with 52,142K shares (3.21% ownership) and Price T Rowe Associates with a significant increase of 161.78% in their holdings to 26,270K shares.

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