Advanced Micro Devices Sees Significant Growth in Short Interest (AMD)
Advanced Micro Devices (NYSE:AMD) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 120,635,807 shares, an increase of 2.2% from the March 31st total of 117,988,868 shares, AR Network reports. Based on an average daily trading volume, of 20,693,511 shares, the days-to-cover ratio is currently 5.8 days. Approximately 19.6% of the shares of the company are short sold.
A number of analysts have recently weighed in on AMD shares. Analysts at Argus reiterated a “hold” rating on shares of Advanced Micro Devices in a research note on Tuesday, April 22nd. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Advanced Micro Devices in a research note on Monday, April 21st. They now have a $3.00 price target on the stock. Finally, analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Advanced Micro Devices in a research note on Monday, April 21st. They now have a $6.00 price target on the stock, up previously from $5.50. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.89.
Advanced Micro Devices (NYSE:AMD) opened at 3.97 on Thursday. Advanced Micro Devices has a 52 week low of $3.04 and a 52 week high of $4.65. The stock’s 50-day moving average is $3.9 and its 200-day moving average is $3.7. The company has a market cap of $3.021 billion and a P/E ratio of 83.54.
Advanced Micro Devices (NYSE:AMD) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.02 EPS for the quarter. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 28.4% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices will post $0.19 earnings per share for the current fiscal year.
Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.
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