Advanced Micro Devices, Inc. (NASDAQ:AMD) Sees Significant Decrease in Short Interest

Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 32,850,000 shares, a drop of 14.8% from the March 15th total of 38,540,000 shares. Based on an average trading volume of 76,890,000 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

A number of research firms recently commented on AMD. Roth Mkm lifted their price target on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. KeyCorp lifted their price objective on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Citigroup lifted their price objective on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $181.52.

Insider Activity at Advanced Micro Devices

In related news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the transaction, the director now directly owns 2,197 shares of the company’s stock, valued at $457,151.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now directly owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 324,943 shares of company stock valued at $59,919,994. Corporate insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently modified their holdings of AMD. Janiczek Wealth Management LLC increased its position in Advanced Micro Devices by 30.3% during the first quarter. Janiczek Wealth Management LLC now owns 1,494 shares of the semiconductor manufacturer’s stock worth $270,000 after purchasing an additional 347 shares during the last quarter. Sage Investment Advisers LLC increased its position in Advanced Micro Devices by 7.4% during the first quarter. Sage Investment Advisers LLC now owns 8,427 shares of the semiconductor manufacturer’s stock worth $1,521,000 after purchasing an additional 577 shares during the last quarter. Stonebridge Capital Management Inc. increased its position in Advanced Micro Devices by 12.3% during the first quarter. Stonebridge Capital Management Inc. now owns 7,779 shares of the semiconductor manufacturer’s stock worth $1,404,000 after purchasing an additional 850 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in Advanced Micro Devices by 53.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 19,382 shares of the semiconductor manufacturer’s stock worth $3,498,000 after purchasing an additional 6,718 shares during the last quarter. Finally, DGS Capital Management LLC increased its position in Advanced Micro Devices by 88.1% during the first quarter. DGS Capital Management LLC now owns 2,826 shares of the semiconductor manufacturer’s stock worth $510,000 after purchasing an additional 1,324 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $2.96 during trading hours on Monday, reaching $160.32. 61,389,301 shares of the company were exchanged, compared to its average volume of 75,234,789. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average is $180.87 and its 200-day moving average is $147.77. The firm has a market cap of $259.10 billion, a PE ratio of 308.31, a price-to-earnings-growth ratio of 2.49 and a beta of 1.64. Advanced Micro Devices has a twelve month low of $81.02 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices will post 2.63 earnings per share for the current fiscal year.

Advanced Micro Devices Company Profile

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.