Advanced Micro Devices, Inc. (AMD) Short Interest Up 2.1% in March

Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a large growth in short interest in March. As of March 29th, there was short interest totalling 117,033,875 shares, a growth of 2.1% from the March 15th total of 114,672,426 shares. Approximately 11.7% of the company’s stock are short sold. Based on an average daily volume of 94,765,680 shares, the short-interest ratio is currently 1.2 days.

Several equities analysts recently commented on AMD shares. Zacks Investment Research upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Mizuho raised their target price on Advanced Micro Devices from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank raised their target price on Advanced Micro Devices from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday. Craig Hallum reiterated a “buy” rating and issued a $33.00 price objective (up previously from $27.00) on shares of Advanced Micro Devices in a research report on Wednesday. Finally, Cowen reiterated an “outperform” rating and issued a $36.00 price objective (up previously from $33.00) on shares of Advanced Micro Devices in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $28.31.

AMD traded down $0.07 on Friday, hitting $28.22. 55,426,338 shares of the company were exchanged, compared to its average volume of 55,805,880. Advanced Micro Devices has a 12 month low of $10.87 and a 12 month high of $34.14. The firm has a market capitalization of $30.52 billion, a PE ratio of 80.63, a PEG ratio of 1.74 and a beta of 3.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.36 and a current ratio of 2.08.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. Advanced Micro Devices’s revenue was down 22.8% on a year-over-year basis. On average, research analysts forecast that Advanced Micro Devices will post 0.55 earnings per share for the current year.

In other news, SVP Paul Darren Grasby sold 6,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $27.54, for a total transaction of $165,240.00. Following the transaction, the senior vice president now owns 28,979 shares of the company’s stock, valued at approximately $798,081.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mubadala Investment Co Pjsc sold 34,906,166 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $23.43, for a total value of $817,851,469.38. The disclosure for this sale can be found here. Insiders have sold a total of 35,323,166 shares of company stock valued at $827,898,089 over the last ninety days. Company insiders own 1.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in AMD. Norges Bank bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $252,424,000. Oregon Public Employees Retirement Fund raised its stake in Advanced Micro Devices by 4,261.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,893,657 shares of the semiconductor manufacturer’s stock valued at $211,000 after buying an additional 3,804,384 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in Advanced Micro Devices by 131.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,837,267 shares of the semiconductor manufacturer’s stock valued at $107,757,000 after buying an additional 3,311,157 shares during the period. Geode Capital Management LLC raised its stake in Advanced Micro Devices by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock valued at $240,885,000 after buying an additional 1,651,507 shares during the period. Finally, First Trust Advisors LP raised its stake in Advanced Micro Devices by 27.0% in the fourth quarter. First Trust Advisors LP now owns 5,038,969 shares of the semiconductor manufacturer’s stock valued at $93,019,000 after buying an additional 1,071,738 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

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About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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