Short Interest in Advanced Micro Devices, Inc. (NASDAQ:AMD) Decreases By 17.4%

Advanced Micro Devices, Inc. (NASDAQ:AMD) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 46,110,000 shares, a decline of 17.4% from the March 15th total of 55,850,000 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average daily trading volume, of 40,400,000 shares, the days-to-cover ratio is presently 1.1 days.

Insider Activity

In related news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently made changes to their positions in AMD. Segment Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 0.5% in the fourth quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer’s stock valued at $1,937,000 after purchasing an additional 87 shares in the last quarter. Breakwater Capital Group raised its position in shares of Advanced Micro Devices by 5.2% during the 4th quarter. Breakwater Capital Group now owns 1,767 shares of the semiconductor manufacturer’s stock valued at $213,000 after buying an additional 88 shares in the last quarter. Koshinski Asset Management Inc. grew its position in Advanced Micro Devices by 1.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer’s stock worth $575,000 after acquiring an additional 91 shares in the last quarter. TFG Advisers LLC increased its stake in Advanced Micro Devices by 2.0% during the fourth quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer’s stock worth $573,000 after acquiring an additional 92 shares during the last quarter. Finally, BSW Wealth Partners lifted its stake in shares of Advanced Micro Devices by 1.1% in the 4th quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer’s stock valued at $1,068,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.9 %

Shares of NASDAQ:AMD opened at $87.50 on Friday. Advanced Micro Devices has a 12-month low of $76.48 and a 12-month high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $100.93 and a two-hundred day simple moving average of $123.30. The stock has a market capitalization of $141.42 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts anticipate that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday. Evercore ISI decreased their target price on shares of Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating for the company in a research report on Thursday. Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday. Finally, Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.90.

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.