Advanced Micro Devices Sees Significant Decrease in Short Interest (AMD)
Shares of Advanced Micro Devices (NYSE:AMD) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 114,641,198 shares, a decline of 5.0% from the April 15th total of 120,635,807 shares, AmericanBankingNews.com reports. Currently, 18.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,489,991 shares, the days-to-cover ratio is presently 3.1 days.
A number of research firms have recently commented on AMD. Analysts at Zacks reiterated a “neutral” rating on shares of Advanced Micro Devices in a research note on Wednesday. They now have a $4.25 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Advanced Micro Devices from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Finally, analysts at Argus reiterated a “hold” rating on shares of Advanced Micro Devices in a research note on Tuesday, April 22nd. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $4.92.
Advanced Micro Devices (NYSE:AMD) opened at 4.01 on Friday. 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 $3.99 and its 200-day moving average is $3.79. The company has a market cap of $3.056 billion and a price-to-earnings ratio of 85.42.
Advanced Micro Devices (NYSE:AMD) last released its earnings data on Thursday, April 17th. The company reported $0.02 earnings per share 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 last year, the company posted ($0.13) earnings per share. Advanced Micro Devices’s revenue was up 28.4% compared to the same quarter last year. Analysts expect that Advanced Micro Devices will post $0.19 EPS 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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