Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 28,850,000 shares, a growth of 15.2% from the July 31st total of 25,040,000 shares. Based on an average daily trading volume, of 69,080,000 shares, the short-interest ratio is presently 0.4 days.
Advanced Micro Devices Stock Performance
NASDAQ:AMD opened at $102.61 on Tuesday. The firm has a 50 day simple moving average of $111.58 and a 200-day simple moving average of $102.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.18 and a quick ratio of 1.58. The firm has a market cap of $165.78 billion, a PE ratio of -5,127.94, a P/E/G ratio of 5.67 and a beta of 1.83. Advanced Micro Devices has a 1-year low of $54.57 and a 1-year high of $132.83.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.32 billion. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. The company’s revenue was down 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. On average, equities analysts expect that Advanced Micro Devices will post 2.01 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Morgan Stanley restated an “overweight” rating and set a $138.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 2nd. HSBC upped their target price on Advanced Micro Devices from $77.00 to $120.00 in a research report on Thursday, June 15th. Piper Sandler upped their price target on shares of Advanced Micro Devices from $110.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, June 6th. KeyCorp increased their target price on shares of Advanced Micro Devices from $150.00 to $160.00 in a research note on Tuesday, July 11th. Finally, Wedbush raised their price target on shares of Advanced Micro Devices from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.19.
Insider Buying and Selling
In other Advanced Micro Devices news, insider Victor Peng sold 105,000 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $124.57, for a total transaction of $13,079,850.00. Following the sale, the insider now directly owns 321,090 shares in the company, valued at approximately $39,998,181.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Paul Darren Grasby sold 15,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $118.77, for a total value of $1,781,550.00. Following the transaction, the executive vice president now directly owns 80,942 shares in the company, valued at approximately $9,613,481.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Victor Peng sold 105,000 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $124.57, for a total value of $13,079,850.00. Following the completion of the transaction, the insider now owns 321,090 shares in the company, valued at $39,998,181.30. The disclosure for this sale can be found here. Insiders have sold 301,174 shares of company stock worth $36,147,103 in the last 90 days. Insiders own 0.73% of the company’s stock.
Institutional Trading of Advanced Micro Devices
A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of Advanced Micro Devices by 336.0% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 218 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 168 shares during the last quarter. Castleview Partners LLC lifted its holdings in shares of Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 90 shares during the period. Eagle Bay Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 50.6% in the 1st quarter. Eagle Bay Advisors LLC now owns 679 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 228 shares during the period. Tucker Asset Management LLC purchased a new position in shares of Advanced Micro Devices in the 1st quarter valued at about $31,000. Finally, Dividend Assets Capital LLC purchased a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 68.43% of the company’s stock.
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.