Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 172,021,919 shares, a drop of 1.5% from the May 31st total of 174,573,406 shares. Based on an average daily trading volume, of 82,524,061 shares, the short-interest ratio is currently 2.1 days. Approximately 19.0% of the company’s shares are sold short.

Advanced Micro Devices opened at $14.97 on Thursday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.20 and a current ratio of 1.62. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 187.13, a price-to-earnings-growth ratio of 5.37 and a beta of 2.80. Advanced Micro Devices has a 1-year low of $9.04 and a 1-year high of $17.34.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Wednesday, April 25th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Advanced Micro Devices had a return on equity of 41.01% and a net margin of 3.29%. analysts predict that Advanced Micro Devices will post 0.36 earnings per share for the current year.

In other news, SVP Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock in a transaction on Monday, April 30th. The stock was sold at an average price of $11.02, for a total value of $688,750.00. Following the completion of the sale, the senior vice president now directly owns 693,772 shares of the company’s stock, valued at approximately $7,645,367.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James Robert Anderson sold 75,000 shares of Advanced Micro Devices stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $15.70, for a total value of $1,177,500.00. Following the completion of the sale, the senior vice president now directly owns 310,396 shares of the company’s stock, valued at $4,873,217.20. The disclosure for this sale can be found here. Insiders sold a total of 1,041,341 shares of company stock valued at $15,570,139 over the last three months. Insiders own 1.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. American International Group Inc. lifted its holdings in Advanced Micro Devices by 21.6% during the fourth quarter. American International Group Inc. now owns 291,836 shares of the semiconductor manufacturer’s stock worth $3,000,000 after acquiring an additional 51,895 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Advanced Micro Devices during the first quarter worth about $301,000. Meadow Creek Investment Management LLC lifted its holdings in Advanced Micro Devices by 28.0% during the fourth quarter. Meadow Creek Investment Management LLC now owns 56,756 shares of the semiconductor manufacturer’s stock worth $583,000 after acquiring an additional 12,404 shares in the last quarter. Amplify Investments LLC bought a new position in Advanced Micro Devices during the first quarter worth about $4,509,000. Finally, Guggenheim Capital LLC lifted its holdings in Advanced Micro Devices by 37.1% during the fourth quarter. Guggenheim Capital LLC now owns 5,491,166 shares of the semiconductor manufacturer’s stock worth $56,450,000 after acquiring an additional 1,486,494 shares in the last quarter. Hedge funds and other institutional investors own 63.54% of the company’s stock.

Several equities research analysts have recently commented on the company. Benchmark assumed coverage on Advanced Micro Devices in a research note on Tuesday. They issued a “hold” rating for the company. They noted that the move was a valuation call. Susquehanna Bancshares raised Advanced Micro Devices from a “negative” rating to a “neutral” rating and set a $13.87 target price for the company in a research note on Wednesday, May 16th. BidaskClub raised Advanced Micro Devices from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 13th. Stifel Nicolaus raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Wednesday, April 4th. Finally, UBS Group assumed coverage on Advanced Micro Devices in a research note on Wednesday, April 4th. They set a “neutral” rating and a $11.00 price objective for the company. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $15.32.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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