Advanced Micro Devices, Inc. (NASDAQ:AMD) Short Interest Update
Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 152,294,542 shares, an increase of 1.4% from the July 14th total of 150,134,324 shares. Based on an average trading volume of 88,386,002 shares, the short-interest ratio is currently 1.7 days. Approximately 17.3% of the shares of the stock are short sold.
A number of equities analysts have commented on AMD shares. Longbow Research started coverage on shares of Advanced Micro Devices in a research note on Friday, June 9th. They issued a “neutral” rating and a $13.10 price target for the company. Vetr raised shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 price target for the company in a research note on Monday, June 26th. Northland Securities reissued a “buy” rating and issued a $17.50 price target on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Credit Suisse Group reaffirmed a “neutral” rating on shares of Advanced Micro Devices in a research note on Sunday, May 21st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 2nd. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.18.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 366,405 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $13.18, for a total value of $4,829,217.90. Following the completion of the transaction, the chief executive officer now owns 2,229,550 shares of the company’s stock, valued at approximately $29,385,469. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Devinder Kumar sold 100,634 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $10.85, for a total transaction of $1,091,878.90. Following the completion of the transaction, the chief financial officer now directly owns 704,311 shares of the company’s stock, valued at approximately $7,641,774.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,390,216 shares of company stock valued at $21,024,000,018,073,800. 1.60% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of AMD. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 21.9% in the first quarter. Vanguard Group Inc. now owns 87,294,800 shares of the semiconductor manufacturer’s stock worth $1,270,140,000 after buying an additional 15,661,774 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $184,767,000. Wellington Management Group LLP raised its stake in shares of Advanced Micro Devices by 5,764.6% in the first quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock worth $206,339,000 after buying an additional 13,939,494 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Advanced Micro Devices by 31.7% in the first quarter. Geode Capital Management LLC now owns 9,210,323 shares of the semiconductor manufacturer’s stock worth $133,854,000 after buying an additional 2,215,111 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $129,039,000. Institutional investors and hedge funds own 57.34% of the company’s stock.
Shares of Advanced Micro Devices (NASDAQ:AMD) opened at 12.12 on Friday. The stock’s 50 day moving average is $13.53 and its 200-day moving average is $12.83. Advanced Micro Devices has a one year low of $5.66 and a one year high of $15.65. The stock’s market cap is $11.47 billion.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The company’s revenue was up 19.0% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices will post $0.10 EPS for the current year.
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About Advanced Micro Devices
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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