2024.07.10 03:47
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Who Owns Advanced Micro Devices (NASDAQ:AMD)?

Shares of Advanced Micro Devices (NASDAQ:AMD) have seen significant growth, outperforming the S&P 500. The ownership structure of AMD shows that public companies and individual investors own the majority stake, followed by other institutional investors. Vanguard holds the largest stake among institutions. Hedge funds have decreased their holdings in AMD, while individual investors have a neutral view. The average price target for AMD stock is $190.40, indicating potential upside.

Shares of Advanced Micro Devices (NASDAQ:AMD) are up over 56% over the past year, outperforming the S&P 500’s (SPX) 26% gain. The significant growth in AMD stock reflects investors’ optimism over AI. The upward trend in this semiconductor company may continue if it is able to deliver impressive second-quarter results on July 30. With forecasts suggesting that earnings will continue to improve, it’s the right time to delve into the ownership structure of AMD.

Now, according to TipRanks’ ownership page, public companies and individual investors own 34.66% of Advanced Micro. They are followed by other institutional investors, insiders, and mutual funds at 24.65, 21.01%, and 19.67%, respectively.

Digging Deeper into AMD’s Ownership Structure

Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns the most significant stake in AMD stock. This is followed by Vanguard Index Funds, which holds an 8.04% stake in the company.

Among the institutions, the Hedge Fund Confidence Signal is Very Negative on AMD stock based on the activity of 42 hedge funds. Hedge funds decreased their AMD holdings by 11.7M shares in the last quarter.

Meanwhile, individual investors have neither Positive nor Negative views of the company. In the last 30 days, the number of portfolios (tracked by TipRanks) holding AMD stock increased by 0.9%. Overall, among the 744,702 portfolios monitored by TipRanks, 5.8% have invested in Advanced Micro’s stock.

What is the Price Target for AMD Stock?

Advanced Micro Devices has a Strong Buy consensus rating based on 27 Buys and seven Hold ratings assigned over the last three months. Further, the average AMD stock price target of $190.40 implies about 8% upside potential from current levels.