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

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 46,110,000 shares, a decrease of 17.4% from the March 15th total of 55,850,000 shares. Approximately 2.9% of the company's stock are short sold. Based on an average daily trading volume, of 40,400,000 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent research reports. TD Cowen lowered their price objective on shares of Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Melius Research reaffirmed a "hold" rating and issued a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Finally, StockNews.com downgraded shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $144.90.

Advanced Micro Devices Stock Down 0.9 %

Shares of NASDAQ AMD traded down $0.79 during mid-day trading on Friday, reaching $87.50. The company had a trading volume of 34,685,670 shares, compared to its average volume of 43,016,706. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company 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. The stock has a fifty day moving average of $100.93 and a two-hundred day moving average of $123.30. Advanced Micro Devices has a 12-month low of $76.48 and a 12-month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities research analysts expect that Advanced Micro Devices will post 3.87 EPS for the current year.

Insider Activity

In other news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at $65,897,000. Enzi Wealth acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $569,000. Welch Group LLC boosted its stake in shares of Advanced Micro Devices by 6.3% during the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after acquiring an additional 2,981 shares in the last quarter. Stonegate Investment Group LLC increased its holdings in shares of Advanced Micro Devices by 39.5% during the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock valued at $61,896,000 after acquiring an additional 145,067 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Advanced Micro Devices by 19.8% in the 4th quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer's stock valued at $212,943,000 after acquiring an additional 289,110 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

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.