Advanced Micro Devices, Inc. (NASDAQ:AMD) Short Interest Up 15.0% in December

Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 59,400,000 shares, a growth of 15.0% from the December 15th total of 51,640,000 shares. Based on an average daily volume of 37,260,000 shares, the short-interest ratio is presently 1.6 days.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AMD shares. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Citigroup cut their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Evercore ISI raised their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $178.61.

Advanced Micro Devices Trading Up 2.5 %

Advanced Micro Devices stock traded up $3.02 during trading on Friday, hitting $121.46. The company had a trading volume of 35,556,654 shares, compared to its average volume of 34,940,360. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company’s 50 day simple moving average is $129.94 and its 200-day simple moving average is $145.32. Advanced Micro Devices has a 1-year low of $114.41 and a 1-year high of $227.30. The stock has a market cap of $197.11 billion, a price-to-earnings ratio of 109.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. Company insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors have recently modified their holdings of the business. Key Client Fiduciary Advisors LLC raised its holdings in Advanced Micro Devices by 2.8% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 7,045 shares of the semiconductor manufacturer’s stock valued at $851,000 after acquiring an additional 195 shares in the last quarter. Veracity Capital LLC raised its holdings in shares of Advanced Micro Devices by 12.1% in the 4th quarter. Veracity Capital LLC now owns 4,679 shares of the semiconductor manufacturer’s stock valued at $565,000 after purchasing an additional 506 shares in the last quarter. Secure Asset Management LLC lifted its position in shares of Advanced Micro Devices by 4.2% during the 4th quarter. Secure Asset Management LLC now owns 5,962 shares of the semiconductor manufacturer’s stock worth $720,000 after purchasing an additional 238 shares during the last quarter. Red Door Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 53.1% during the fourth quarter. Red Door Wealth Management LLC now owns 1,987 shares of the semiconductor manufacturer’s stock worth $240,000 after purchasing an additional 689 shares in the last quarter. Finally, IVC Wealth Advisors LLC increased its holdings in Advanced Micro Devices by 29.1% in the fourth quarter. IVC Wealth Advisors LLC now owns 2,961 shares of the semiconductor manufacturer’s stock valued at $358,000 after buying an additional 668 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

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.