Advanced Micro Devices, Inc. (NASDAQ:AMD) Short Interest Update

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 34,230,000 shares, an increase of 8.7% from the February 13th total of 31,500,000 shares. Based on an average daily trading volume, of 56,480,000 shares, the short-interest ratio is currently 0.6 days.

Advanced Micro Devices Price Performance

Shares of AMD opened at $89.68 on Thursday. Advanced Micro Devices has a 1-year low of $54.57 and a 1-year high of $125.67. The stock has a market cap of $144.51 billion, a PE ratio of 101.91, a price-to-earnings-growth ratio of 5.01 and a beta of 1.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.36 and a quick ratio of 1.77. The firm has a fifty day moving average price of $78.01 and a 200 day moving average price of $72.09.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. Advanced Micro Devices had a net margin of 5.59% and a return on equity of 8.52%. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same period in the previous year, the company earned $0.83 earnings per share. Advanced Micro Devices’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Advanced Micro Devices will post 2.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMD. Susquehanna raised their target price on Advanced Micro Devices from $80.00 to $88.00 and gave the company a “positive” rating in a research report on Monday, January 30th. Mizuho dropped their target price on Advanced Micro Devices from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, February 1st. Sanford C. Bernstein cut Advanced Micro Devices from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $95.00 to $80.00 in a research report on Tuesday, January 24th. BMO Capital Markets started coverage on shares of Advanced Micro Devices in a research note on Wednesday, February 1st. They issued a “buy” rating and a $110.00 price target on the stock. Finally, Craig Hallum lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $76.00 price target on the stock. in a research note on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $93.60.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 30,000 shares of the stock in a transaction on Monday, March 6th. The stock was sold at an average price of $81.69, for a total transaction of $2,450,700.00. Following the completion of the sale, the executive vice president now owns 1,516,945 shares in the company, valued at approximately $123,919,237.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $81.69, for a total value of $2,450,700.00. Following the transaction, the executive vice president now directly owns 1,516,945 shares of the company’s stock, valued at approximately $123,919,237.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Rick Bergman sold 3,000 shares of the stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $85.88, for a total value of $257,640.00. Following the sale, the executive vice president now directly owns 155,232 shares in the company, valued at $13,331,324.16. The disclosure for this sale can be found here. Insiders sold a total of 63,000 shares of company stock worth $5,264,040 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Advanced Micro Devices by 0.7% during the third quarter. Vanguard Group Inc. now owns 134,531,861 shares of the semiconductor manufacturer’s stock worth $8,523,939,000 after acquiring an additional 886,712 shares during the period. BlackRock Inc. grew its position in Advanced Micro Devices by 1.1% during the third quarter. BlackRock Inc. now owns 117,687,865 shares of the semiconductor manufacturer’s stock worth $7,456,705,000 after buying an additional 1,315,773 shares during the period. State Street Corp grew its position in Advanced Micro Devices by 1.2% during the third quarter. State Street Corp now owns 65,895,754 shares of the semiconductor manufacturer’s stock worth $4,175,155,000 after buying an additional 778,040 shares during the period. Price T Rowe Associates Inc. MD grew its position in Advanced Micro Devices by 0.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 53,555,616 shares of the semiconductor manufacturer’s stock worth $4,095,399,000 after buying an additional 316,285 shares during the period. Finally, FMR LLC grew its position in Advanced Micro Devices by 7.3% during the second quarter. FMR LLC now owns 49,140,967 shares of the semiconductor manufacturer’s stock worth $3,757,811,000 after buying an additional 3,358,202 shares during the period. 67.17% of the stock is owned by hedge funds and other institutional investors.

About Advanced Micro Devices

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Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.