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

Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 46,400,000 shares, a decline of 7.6% from the August 31st total of 50,210,000 shares. Based on an average daily volume of 47,620,000 shares, the short-interest ratio is presently 1.0 days.

Advanced Micro Devices Trading Down 1.9 %

AMD opened at $164.35 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 52 week low of $93.11 and a 52 week high of $227.30. The business’s 50 day moving average is $146.47 and its two-hundred day moving average is $158.80. The firm has a market cap of $265.64 billion, a price-to-earnings ratio of 241.69, a price-to-earnings-growth ratio of 2.14 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. On average, research analysts predict that Advanced Micro Devices will post 2.56 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on AMD. BNP Paribas upgraded 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. TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Susquehanna reissued a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Barclays cut their price objective on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $193.45.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction 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 approximately $285,278,881.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently made changes to their positions in the business. Alternative Investment Advisors LLC. purchased a new position in shares of Advanced Micro Devices during the second quarter worth about $2,163,000. Paragon Capital Management Inc. lifted its position in Advanced Micro Devices by 241.3% during the 2nd quarter. Paragon Capital Management Inc. now owns 13,406 shares of the semiconductor manufacturer’s stock worth $2,175,000 after acquiring an additional 9,478 shares during the period. Greater Midwest Financial Group LLC grew its stake in shares of Advanced Micro Devices by 14.7% in the 2nd quarter. Greater Midwest Financial Group LLC now owns 7,073 shares of the semiconductor manufacturer’s stock valued at $1,147,000 after purchasing an additional 906 shares during the last quarter. Centaurus Financial Inc. increased its holdings in shares of Advanced Micro Devices by 28.9% in the second quarter. Centaurus Financial Inc. now owns 26,197 shares of the semiconductor manufacturer’s stock valued at $4,249,000 after purchasing an additional 5,868 shares during the period. Finally, Anchor Investment Management LLC raised its stake in shares of Advanced Micro Devices by 1.6% during the second quarter. Anchor Investment Management LLC now owns 5,919 shares of the semiconductor manufacturer’s stock worth $960,000 after purchasing an additional 94 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.