Advanced Micro Devices, Inc. (NASDAQ:AMD) Short Interest Down 18.9% in January

Advanced Micro Devices, Inc. (NASDAQ:AMD) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 47,800,000 shares, a decrease of 18.9% from the January 15th total of 58,910,000 shares. Based on an average daily volume of 38,320,000 shares, the short-interest ratio is currently 1.2 days.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealth Effects LLC boosted its position in shares of Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after buying an additional 65 shares during the period. Jacobsen Capital Management lifted its stake in Advanced Micro Devices by 2.1% in the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock valued at $554,000 after acquiring an additional 70 shares in the last quarter. Sigma Investment Counselors Inc. boosted its position in Advanced Micro Devices by 5.3% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock worth $243,000 after acquiring an additional 74 shares during the last quarter. Bedell Frazier Investment Counselling LLC lifted its position in shares of Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after purchasing an additional 74 shares in the last quarter. Finally, Aurora Investment Managers LLC. lifted its position in shares of Advanced Micro Devices by 0.5% in the third quarter. Aurora Investment Managers LLC. now owns 13,768 shares of the semiconductor manufacturer’s stock worth $2,259,000 after purchasing an additional 75 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their target price for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. KeyCorp dropped their price objective on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, Mizuho reduced their target price on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Advanced Micro Devices Trading Up 1.2 %

NASDAQ AMD opened at $113.10 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78. The stock’s 50-day moving average is $120.94 and its 200-day moving average is $138.93. Advanced Micro Devices has a one year low of $106.50 and a one year high of $227.30. The firm has a market cap of $183.28 billion, a P/E ratio of 114.24, a P/E/G ratio of 1.04 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts anticipate that Advanced Micro Devices will post 4.11 earnings per share for the current fiscal year.

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.