Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 159,550,221 shares, a drop of 3.5% from the February 15th total of 165,380,345 shares. Based on an average daily volume of 43,447,599 shares, the short-interest ratio is currently 3.7 days. Currently, 24.7% of the shares of the stock are sold short.
In other news, SVP Mark D. Papermaster sold 20,000 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $10.51, for a total transaction of $210,200.00. Following the completion of the transaction, the senior vice president now owns 945,189 shares in the company, valued at approximately $9,933,936.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Harry A. Wolin sold 18,967 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $10.62, for a total transaction of $201,429.54. Following the transaction, the senior vice president now owns 975,517 shares of the company’s stock, valued at approximately $10,359,990.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,343,240 shares of company stock valued at $15,795,618. Insiders own 1.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AMD. NINE MASTS CAPITAL Ltd bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $102,000. Chilton Investment Co. LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $103,000. Stone Ridge Asset Management LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $104,000. Bronfman E.L. Rothschild L.P. raised its position in Advanced Micro Devices by 1,655.2% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after acquiring an additional 8,243 shares in the last quarter. Finally, Ellington Management Group LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $114,000. 62.13% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The firm’s revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. research analysts anticipate that Advanced Micro Devices will post 0.3 EPS for the current fiscal year.
Several brokerages have commented on AMD. Vetr cut shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.62 target price for the company. in a report on Thursday, March 8th. ValuEngine cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Zacks Investment Research cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Argus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the stock from $13.74 to $18.00 in a report on Thursday, February 1st. Finally, Credit Suisse Group raised their target price on shares of Advanced Micro Devices from $12.00 to $13.50 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.88.
About Advanced Micro Devices
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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