Advanced Micro Devices, Inc. (NASDAQ:AMD) was the target of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 147,705,176 shares, a drop of 3.0% from the July 31st total of 152,294,542 shares. Approximately 16.8% of the company’s shares are short sold. Based on an average trading volume of 60,596,600 shares, the short-interest ratio is currently 2.4 days.

Advanced Micro Devices (AMD) opened at 12.43 on Friday. Advanced Micro Devices has a 12-month low of $5.66 and a 12-month high of $15.65. The stock’s 50 day moving average is $13.28 and its 200 day moving average is $12.93. The stock’s market capitalization is $11.77 billion.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) earnings per share. Equities analysts anticipate that Advanced Micro Devices will post $0.10 EPS for the current fiscal year.

AMD has been the topic of a number of recent analyst reports. Longbow Research assumed coverage on shares of Advanced Micro Devices in a report on Friday, June 9th. They issued a “neutral” rating and a $13.10 price target on the stock. Vetr raised shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 target price on the stock in a research note on Monday, June 26th. Northland Securities reaffirmed a “buy” rating and set a $17.50 target price on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Credit Suisse Group reaffirmed a “neutral” rating on shares of Advanced Micro Devices in a research note on Sunday, May 21st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 2nd. 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’s stock. The company has an average rating of “Hold” and a consensus price target of $14.18.

In other Advanced Micro Devices news, Director Ahmed Yahia sold 80,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $12.84, for a total value of $1,027,200.00. Following the sale, the director now owns 182,941 shares of the company’s stock, valued at approximately $2,348,962.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP James Robert Anderson sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $12.10, for a total transaction of $242,000.00. Following the completion of the sale, the senior vice president now directly owns 533,773 shares in the company, valued at approximately $6,458,653.30. The disclosure for this sale can be found here. In the last three months, insiders sold 41,956,790 shares of company stock worth $21,024,000,025,260,100. Insiders own 1.60% of the company’s stock.

A number of large investors have recently modified their holdings of AMD. Toronto Dominion Bank boosted its stake in shares of Advanced Micro Devices by 26.3% in the second quarter. Toronto Dominion Bank now owns 263,139 shares of the semiconductor manufacturer’s stock worth $3,283,000 after buying an additional 54,787 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Advanced Micro Devices by 678.0% in the second quarter. Advisory Services Network LLC now owns 15,171 shares of the semiconductor manufacturer’s stock worth $189,000 after buying an additional 13,221 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Advanced Micro Devices during the second quarter worth $528,000. Public Employees Retirement System of Ohio boosted its stake in shares of Advanced Micro Devices by 229.2% in the second quarter. Public Employees Retirement System of Ohio now owns 634,132 shares of the semiconductor manufacturer’s stock worth $7,914,000 after buying an additional 441,519 shares in the last quarter. Finally, National Asset Management Inc. boosted its stake in shares of Advanced Micro Devices by 77.1% in the second quarter. National Asset Management Inc. now owns 20,070 shares of the semiconductor manufacturer’s stock worth $251,000 after buying an additional 8,735 shares in the last quarter. Institutional investors own 56.37% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/27/advanced-micro-devices-inc-amd-short-interest-update-2.html.

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.

Receive News & Ratings for Advanced Micro Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related companies with MarketBeat.com's FREE daily email newsletter.