Advanced Micro Devices, Inc. (NASDAQ:AMD) Short interest increased 7.5% in June

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) was the target of a significant increase in short interest in June. As of June 15, short interest totaled 41,760,000 shares, up 7.5% from May 31, when it was 38,850,000 shares. Based on an average daily volume of 53,900,000 shares, the days to cover ratio is currently 0.8 days.

Analyst ratings upgrades and downgrades

AMD has been the subject of multiple analyst reports. Roth Mkm lowered their price target for Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1. HSBC raised their rating on Advanced Micro Devices from a “hold” to a “buy” and raised their price target for the company from $180.00 to $225.00 in a research report on Tuesday, April 16. StockNews.com lowered Advanced Micro Devices from a “hold” to a “sell” rating in a research report on Saturday, June 15. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1. Finally, Morgan Stanley lowered Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target on the stock in a research report on Monday, June 10. One investment analyst rated the stock a “sell,” three gave a “hold” rating, and twenty-seven gave the company a “buy” rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.

Check out our latest stock report on advanced micro devices

Internal Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, June 14. The shares were sold at an average price of $158.94, for a total of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in legal documents filed with the SEC, which can be accessed through the SEC’s website . 0.65% of the stock is owned by insiders.

Hedge funds consider advanced microdevices

Several institutional investors recently added to or reduced their holdings in AMD. Axxcess Wealth Management LLC increased its holdings in Advanced Micro Devices by 47.6% in the third quarter. Axxcess Wealth Management LLC now owns 19,535 shares of the semiconductor maker’s stock worth $2,009,000 after acquiring an additional 6,303 shares in the last quarter. EULAV Asset Management increased its position in Advanced Micro Devices by 29.5% in the third quarter. EULAV Asset Management now owns 145,000 shares of the semiconductor maker’s stock worth $14,909,000 after acquiring an additional 33,000 shares in the last quarter. Legacy Advisors LLC increased its position in Advanced Micro Devices by 17.3% in the third quarter. Legacy Advisors LLC now owns 2,310 shares of the semiconductor maker’s stock worth $238,000 after purchasing an additional 340 shares in the last quarter. Key Client Fiduciary Advisors LLC increased its position in shares of Advanced Micro Devices by 19.6% in the third quarter. Key Client Fiduciary Advisors LLC now owns 5,321 shares of the semiconductor maker’s stock worth $547,000 after purchasing an additional 871 shares in the last quarter. Finally, Kepos Capital LP bought a new stake in Advanced Micro Devices in the third quarter valued at $5,141,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

AMD shares opened at $164.31 on Wednesday. Advanced Micro Devices has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.92 and a quick ratio of 2.64. The company’s 50 day moving average price is $159.30 and its 200 day moving average price is $165.38. The company has a market capitalization of $265.58 billion, a P/E ratio of 241.05, a price-earnings-growth ratio of 1.87 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company earned $0.43 earnings per share. The company’s revenue increased by 2.2% compared to the same quarter last year. Equity analysts, on average, predict that Advanced Micro Devices will post 2.61 EPS for the current year.

About Advanced Micro Devices

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Advanced Micro Devices, Inc. operates as a global semiconductor company. 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, as well as semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field programmable gate arrays (FPGAs), and adaptive SoC products.

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