Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a significant increase in short interest in the month of July. As of July 14th, there was short interest totalling 150,134,324 shares, an increase of 3.5% from the June 30th total of 145,105,931 shares. Based on an average daily volume of 82,374,755 shares, the short-interest ratio is currently 1.8 days. Approximately 17.8% of the company’s stock are sold short.

In other news, insider Darla M. Smith sold 17,028 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $10.25, for a total value of $174,537.00. Following the sale, the insider now directly owns 29,147 shares of the company’s stock, valued at $298,756.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 87,500 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $10.24, for a total value of $896,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,429,540 shares in the company, valued at $14,638,489.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 618,478 shares of company stock worth $7,151,477. 1.60% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of AMD. North Star Asset Management Inc. boosted its position in shares of Advanced Micro Devices by 1.5% in the first quarter. North Star Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock valued at $223,000 after buying an additional 233 shares during the period. Pier Capital LLC boosted its position in shares of Advanced Micro Devices by 1.0% in the first quarter. Pier Capital LLC now owns 49,311 shares of the semiconductor manufacturer’s stock valued at $717,000 after buying an additional 474 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Advanced Micro Devices by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 48,100 shares of the semiconductor manufacturer’s stock valued at $600,000 after buying an additional 700 shares during the period. Concert Wealth Management Inc. boosted its position in shares of Advanced Micro Devices by 4.8% in the first quarter. Concert Wealth Management Inc. now owns 16,560 shares of the semiconductor manufacturer’s stock valued at $188,000 after buying an additional 760 shares during the period. Finally, Amalgamated Bank boosted its position in shares of Advanced Micro Devices by 0.8% in the first quarter. Amalgamated Bank now owns 105,562 shares of the semiconductor manufacturer’s stock valued at $1,536,000 after buying an additional 885 shares during the period. 56.93% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices (AMD) opened at 14.76 on Thursday. Advanced Micro Devices has a 1-year low of $5.45 and a 1-year high of $15.65. The company’s market cap is $13.95 billion. The stock has a 50 day moving average price of $13.20 and a 200 day moving average price of $12.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 76.29% and a negative net margin of 10.42%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. On average, equities research analysts anticipate that Advanced Micro Devices will post $0.07 EPS for the current fiscal year.

A number of equities research analysts have recently commented on AMD shares. Summit Redstone reissued a “hold” rating on shares of Advanced Micro Devices in a research note on Saturday, July 22nd. Canaccord Genuity reissued a “buy” rating and issued a $17.00 target price on shares of Advanced Micro Devices in a research note on Friday, May 19th. Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Monday, May 1st. MKM Partners reissued a “neutral” rating and issued a $13.00 target price on shares of Advanced Micro Devices in a research note on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, May 19th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $14.02.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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