Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a significant increase in short interest in the month of September. As of September 29th, there was short interest totalling 160,535,237 shares, an increase of 1.5% from the September 15th total of 158,109,563 shares. Based on an average daily volume of 75,123,173 shares, the short-interest ratio is presently 2.1 days. Approximately 18.2% of the shares of the company are sold short.

AMD has been the subject of a number of research reports. Pacific Crest reaffirmed an “equal weight” rating on shares of Advanced Micro Devices in a report on Tuesday, June 20th. Canaccord Genuity upped their target price on shares of Advanced Micro Devices from $17.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, June 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $12.50 target price (down from $16.00) on shares of Advanced Micro Devices in a report on Wednesday, June 21st. Wells Fargo & Company reaffirmed an “outperform” rating and set a $15.00 target price on shares of Advanced Micro Devices in a report on Wednesday, June 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $11.00 target price on shares of Advanced Micro Devices in a report on Wednesday, June 21st. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.93.

In other Advanced Micro Devices news, CAO Darla M. Smith sold 11,810 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $12.17, for a total transaction of $143,727.70. Following the completion of the sale, the chief accounting officer now directly owns 31,291 shares of the company’s stock, valued at $380,811.47. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP James Robert Anderson sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $13.91, for a total transaction of $278,200.00. Following the sale, the senior vice president now directly owns 422,363 shares of the company’s stock, valued at $5,875,069.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,157,502 shares of company stock worth $21,024,000,027,762,700. 1.60% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new stake in shares of Advanced Micro Devices during the second quarter worth $184,767,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Advanced Micro Devices by 51.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 200,824 shares of the semiconductor manufacturer’s stock worth $2,506,000 after buying an additional 68,462 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Advanced Micro Devices by 20.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,983 shares of the semiconductor manufacturer’s stock worth $1,997,000 after buying an additional 27,233 shares in the last quarter. KBC Group NV grew its holdings in shares of Advanced Micro Devices by 16.0% during the second quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock worth $1,334,000 after buying an additional 14,715 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Advanced Micro Devices by 48.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,363,776 shares of the semiconductor manufacturer’s stock worth $29,500,000 after buying an additional 769,739 shares in the last quarter. 59.11% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices (NASDAQ AMD) opened at 13.88 on Thursday. Advanced Micro Devices has a 52-week low of $6.22 and a 52-week high of $15.65. The firm’s 50-day moving average is $12.86 and its 200 day moving average is $12.73. The company’s market cap is $13.14 billion.

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

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About Advanced Micro Devices

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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