Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 53,650,000 shares, an increase of 19.9% from the November 30th total of 44,740,000 shares. Based on an average trading volume of 56,222,500 shares, the days-to-cover ratio is currently 1.0 days.
Insider Activity
In other news, CAO Darla M. Smith sold 4,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $125.69, for a total value of $502,760.00. Following the completion of the sale, the chief accounting officer now directly owns 5,604 shares of the company’s stock, valued at approximately $704,366.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Lisa T. Su sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $117.73, for a total value of $8,829,750.00. Following the completion of the transaction, the chief executive officer now directly owns 3,347,640 shares in the company, valued at approximately $394,117,657.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Darla M. Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $125.69, for a total value of $502,760.00. Following the completion of the transaction, the chief accounting officer now owns 5,604 shares of the company’s stock, valued at $704,366.76. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in AMD. Fairfield Bush & CO. bought a new position in Advanced Micro Devices during the 1st quarter worth $836,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Advanced Micro Devices by 49.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock worth $260,746,000 after purchasing an additional 791,710 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Advanced Micro Devices by 34.9% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock worth $293,000 after purchasing an additional 692 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Advanced Micro Devices by 104.8% during the 1st quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock worth $870,000 after purchasing an additional 4,072 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Advanced Micro Devices by 217.2% during the 1st quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock worth $43,524,000 after purchasing an additional 272,557 shares in the last quarter. Institutional investors own 68.43% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Roth Mkm assumed coverage on Advanced Micro Devices in a research report on Tuesday, November 14th. They issued a “buy” rating and a $125.00 price objective for the company. Raymond James boosted their price objective on Advanced Micro Devices from $125.00 to $140.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 7th. Bank of America raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Friday, December 15th. The Goldman Sachs Group upped their price target on Advanced Micro Devices from $137.00 to $157.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Finally, Rosenblatt Securities reaffirmed an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, December 7th. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $137.43.
Advanced Micro Devices Stock Down 0.9 %
AMD opened at $147.41 on Friday. Advanced Micro Devices has a 1-year low of $60.05 and a 1-year high of $151.05. The stock’s fifty day simple moving average is $122.27 and its 200 day simple moving average is $113.62. The company has a current ratio of 2.19, a quick ratio of 1.61 and a debt-to-equity ratio of 0.03. The stock has a market cap of $235.86 billion, a PE ratio of 1,228.52, a price-to-earnings-growth ratio of 5.99 and a beta of 1.68.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings results on Tuesday, October 31st. The semiconductor manufacturer reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Advanced Micro Devices had a return on equity of 5.61% and a net margin of 0.94%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. As a group, research analysts expect that Advanced Micro Devices will post 1.92 earnings per share for the current year.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.