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

Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 48,230,000 shares, a growth of 11.3% from the July 31st total of 43,320,000 shares. Based on an average daily volume of 54,670,000 shares, the short-interest ratio is currently 0.9 days.

Advanced Micro Devices Stock Up 2.1 %

Shares of NASDAQ AMD opened at $148.56 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The firm has a market cap of $240.44 billion, a PE ratio of 218.47, a P/E/G ratio of 2.03 and a beta of 1.69. The company’s fifty day simple moving average is $153.07 and its 200 day simple moving average is $163.76. Advanced Micro Devices has a 12-month low of $93.11 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The business’s revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Micro Devices will post 2.56 earnings per share 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 dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently modified their holdings of AMD. Tradewinds Capital Management LLC increased its stake in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Morton Brown Family Wealth LLC increased its position in shares of Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares in the last quarter. Fairway Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter worth about $27,000. Northwest Bank & Trust Co bought a new position in Advanced Micro Devices in the 4th quarter valued at about $28,000. Finally, Semmax Financial Advisors Inc. boosted its stake in Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 139 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Jefferies Financial Group started coverage on shares of Advanced Micro Devices in a research note on Monday, May 13th. They set a “buy” rating and a $190.00 target price on the stock. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $193.45.

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.