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

Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a significant decrease in short interest in December. As of December 29th, there was short interest totalling 167,462,528 shares, a decrease of 5.1% from the December 15th total of 176,543,822 shares. Approximately 18.6% of the company’s shares are short sold. Based on an average trading volume of 33,379,755 shares, the days-to-cover ratio is presently 5.0 days.

Advanced Micro Devices (NASDAQ:AMD) opened at $12.02 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61. The stock has a market capitalization of $11,600.00, a PE ratio of -150.25, a P/E/G ratio of 6.19 and a beta of 2.47. Advanced Micro Devices has a fifty-two week low of $9.42 and a fifty-two week high of $15.65.

In other Advanced Micro Devices news, insider Darla M. Smith sold 27,288 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $11.13, for a total value of $303,715.44. Following the completion of the sale, the insider now directly owns 31,236 shares in the company, valued at $347,656.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Darla M. Smith sold 18,001 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $11.37, for a total value of $204,671.37. Following the completion of the sale, the chief accounting officer now owns 19,078 shares of the company’s stock, valued at $216,916.86. The disclosure for this sale can be found here. Insiders sold 1,394,194 shares of company stock valued at $15,466,937 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Several large investors have recently bought and sold shares of AMD. Pacer Advisors Inc. grew its holdings in shares of Advanced Micro Devices by 23.3% during the second quarter. Pacer Advisors Inc. now owns 17,548 shares of the semiconductor manufacturer’s stock worth $219,000 after buying an additional 3,315 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Advanced Micro Devices by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock valued at $875,000 after purchasing an additional 272 shares in the last quarter. Keybank National Association OH grew its stake in Advanced Micro Devices by 39.1% in the second quarter. Keybank National Association OH now owns 15,377 shares of the semiconductor manufacturer’s stock valued at $192,000 after purchasing an additional 4,322 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Advanced Micro Devices by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock valued at $718,000 after purchasing an additional 348 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in Advanced Micro Devices by 32.4% in the second quarter. Private Advisor Group LLC now owns 16,928 shares of the semiconductor manufacturer’s stock valued at $234,000 after purchasing an additional 4,141 shares in the last quarter. Institutional investors and hedge funds own 60.09% of the company’s stock.

Several equities research analysts have issued reports on AMD shares. Jefferies Group restated a “buy” rating and issued a $19.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 25th. TheStreet upgraded Advanced Micro Devices from a “d” rating to a “c-” rating in a report on Tuesday, October 24th. BidaskClub upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Morgan Stanley downgraded Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $8.00 to $11.00 in a report on Monday, October 30th. Finally, Goldman Sachs Group lowered their price target on Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating for the company in a report on Wednesday, November 29th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $14.73.

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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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