Short Interest in Advanced Micro Devices, Inc. (NASDAQ:AMD) Rises By 6.3%

Advanced Micro Devices, Inc. (NASDAQ:AMD) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 47,410,000 shares, an increase of 6.3% from the September 30th total of 44,610,000 shares. Based on an average daily volume of 42,460,000 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMD. Robert W. Baird cut their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Susquehanna reissued a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Roth Mkm restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, UBS Group decreased their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $148.60 on Thursday. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average of $155.17 and a 200-day moving average of $156.03. The stock has a market cap of $240.18 billion, a P/E ratio of 218.53, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. Advanced Micro Devices has a 52 week low of $94.07 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. On average, analysts expect that Advanced Micro Devices will post 2.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Tradewinds Capital Management LLC boosted its position in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Creative Capital Management Investments LLC grew its position in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares during the last quarter. ZRC Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares during the period. Morton Brown Family Wealth LLC lifted its position in Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares during the last quarter. Finally, Fairway Wealth LLC acquired a new position in Advanced Micro Devices during the 2nd quarter valued at about $27,000. 71.34% of the stock is currently owned by institutional investors.

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.