Advanced Micro Devices, Inc. (NASDAQ:AMD) Quick Interest Update

Advanced Micro Devices, Inc. ( NASDAQ:AMD – Get Free Report ) saw a big increase in its short interest positions in May. As of May 31, short interest was 38,850,000 shares, an increase of 11.6% from the total of 34,800,000 shares as of May 15. Based on average daily trading volume of 57,390,000 shares, the days to cover ratio is currently 0.7 days.

Confidential activity at Advanced Micro Devices

In other Advanced Micro Devices news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15. The shares were sold at an average price of $164.25, for a total transaction amount of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Currently, company insiders own 0.73% of the shares.

Institutional inflows and outflows

Several hedge funds have recently increased or decreased their holdings in AMD. Norges Bank acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its exposure to shares of Advanced Micro Devices by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor maker’s stock valued at $685,089,000 after purchasing an additional 4,138,612 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Advanced Micro Devices by 15,896.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor maker’s stock valued at $550,935,000 after purchasing an additional 3,714,069 shares in the last quarter. Capital World Investors increased its exposure to shares of Advanced Micro Devices by 176.9% during the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor maker’s stock valued at $688,190,000 after purchasing an additional 2,982,704 shares in the last quarter. Finally, in the fourth quarter, Price T Rowe Associates Inc. MD increased its position in the Advanced Micro Devices segment by 10.2%. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor maker’s stock valued at $4,079,674,000 after purchasing an additional 2,553,392 shares in the last quarter. 71.34% of the shares are held by institutional investors and hedge funds.

The turnover of advanced micro devices decreased by 0.2%

Shares of NASDAQ:AMD opened at $159.63 on Friday. The company has a market capitalization of $258.01 billion, a price-to-earnings ratio of 234.75, a price-to-earnings growth ratio of 1.85 and a beta of 1.69. The company’s 50-day moving average price is $159.73 and its 200-day moving average price is $162.67. The company has a debt to equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. Advanced Micro Devices has a 1-year low of $93.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, topping 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’s revenue for the quarter was $5.47 billion, compared to analyst expectations of $5.48 billion. During the same period last year, the company saw an EPS of $0.43. Advanced Micro Devices revenues increased 2.2% compared to the same quarter last year. On average, equity research analysts forecast that Advanced Micro Devices will post 2.61 earnings per share for the current fiscal year.

Wall Street analysts predict growth

The company was rated by many analysts. UBS Group lowered their target price on Advanced Micro Devices from $205.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Benchmark lowered their target price on shares of Advanced Micro Devices from $245.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Evercore ISI lowered their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Piper Sandler maintained an “overperform” rating and set a $175.00 price target (up from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Finally, TD Cowen raised their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. One equity research analyst rated the company’s shares with a sell recommendation, three of them issued a hold recommendation, and twenty-seven gave a buy recommendation. According to MarketBeat data, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

Download our latest research report on AMD

Advanced Micro Devices company profile

(Get the free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, 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.

See also

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