Advanced Micro Devices, Inc. (NASDAQ:AMD) Short Interest Up 7.5% in June

Advanced Micro Devices, Inc. (NASDAQ:AMD) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 41,760,000 shares, a growth of 7.5% from the May 31st total of 38,850,000 shares. Based on an average daily trading volume, of 53,900,000 shares, the days-to-cover ratio is presently 0.8 days.

Advanced Micro Devices Stock Down 0.2 %

Shares of Advanced Micro Devices stock opened at $163.90 on Thursday. Advanced Micro Devices has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a market capitalization of $264.91 billion, a PE ratio of 241.03, a P/E/G ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The business has a 50-day moving average of $159.54 and a 200-day moving average of $165.56.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 EPS. As a group, equities analysts forecast that Advanced Micro Devices will post 2.61 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.65% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors have recently made changes to their positions in the company. Tradewinds Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares during the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of Advanced Micro Devices during the third quarter valued at $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $28,000. Semmax Financial Advisors Inc. increased its holdings in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares during the period. Finally, Bare Financial Services Inc bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $29,000. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMD shares. Susquehanna increased their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, June 10th. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Tuesday, May 7th. Benchmark decreased their target price on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. TD Cowen increased their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Piper Sandler reissued an “overweight” rating and set a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $190.83.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.