Short Interest in Advanced Micro Devices, Inc. (AMD) Rises By 4.5%

Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a large increase in short interest in the month of March. As of March 29th, there was short interest totalling 181,917,276 shares, an increase of 4.5% from the March 15th total of 174,077,583 shares. Based on an average daily volume of 57,325,490 shares, the days-to-cover ratio is currently 3.2 days. Approximately 20.1% of the company’s shares are short sold.

In other news, insider Mark D. Papermaster sold 173,630 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $12.08, for a total value of $2,097,450.40. Following the transaction, the insider now owns 1,331,579 shares of the company’s stock, valued at approximately $16,085,474.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mark D. Papermaster sold 150,000 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $11.38, for a total value of $1,707,000.00. Following the completion of the transaction, the senior vice president now directly owns 1,207,949 shares in the company, valued at approximately $13,746,459.62. The disclosure for this sale can be found here. In the last three months, insiders sold 1,158,620 shares of company stock worth $13,933,528. 1.80% of the stock is currently owned by company insiders.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. grew its holdings in shares of Advanced Micro Devices by 21.6% in the 4th quarter. American International Group Inc. now owns 291,836 shares of the semiconductor manufacturer’s stock valued at $3,000,000 after acquiring an additional 51,895 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of Advanced Micro Devices by 32.5% in the 4th quarter. Gateway Investment Advisers LLC now owns 631,346 shares of the semiconductor manufacturer’s stock valued at $6,490,000 after acquiring an additional 154,756 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Advanced Micro Devices by 10.1% in the 4th quarter. OppenheimerFunds Inc. now owns 22,076,133 shares of the semiconductor manufacturer’s stock valued at $226,943,000 after acquiring an additional 2,022,320 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of Advanced Micro Devices by 43.4% in the 4th quarter. Sigma Planning Corp now owns 23,879 shares of the semiconductor manufacturer’s stock valued at $245,000 after acquiring an additional 7,231 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $290,000. Institutional investors own 62.15% of the company’s stock.

AMD stock opened at $10.08 on Friday. The stock has a market cap of $9,671.93, a price-to-earnings ratio of 126.00, a PEG ratio of 4.06 and a beta of 2.86. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27. Advanced Micro Devices has a 1 year low of $9.04 and a 1 year high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The company’s revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) EPS. sell-side analysts forecast that Advanced Micro Devices will post 0.32 earnings per share for the current year.

A number of research firms recently commented on AMD. Zacks Investment Research cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Vetr upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $13.28 price objective for the company in a research report on Monday, February 5th. Bank of America restated a “positive” rating and issued a $11.52 price objective (down previously from $18.00) on shares of Advanced Micro Devices in a research report on Tuesday, March 13th. Stifel Nicolaus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, April 4th. Finally, Argus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.74 to $18.00 in a research report on Thursday, February 1st. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. Advanced Micro Devices has a consensus rating of “Hold” and a consensus target price of $14.49.

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Advanced Micro Devices Company Profile

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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