Advanced Micro Devices, Inc. (NASDAQ:AMD) was the recipient of a significant decrease in short interest in the month of December. As of December 29th, there was short interest totalling 167,462,528 shares, a decrease of 5.1% from the December 15th total of 176,543,822 shares. Based on an average trading volume of 33,379,755 shares, the short-interest ratio is presently 5.0 days. Approximately 18.6% of the shares of the stock are short sold.

Several analysts have recently commented on AMD shares. Loop Capital restated a “hold” rating and set a $13.00 target price (down previously from $14.00) on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Jefferies Group restated a “buy” rating and set a $19.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 25th. BNP Paribas upgraded Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. BMO Capital Markets restated a “hold” rating and set a $15.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 18th. Finally, Deutsche Bank restated a “hold” rating and set a $12.00 target price on shares of Advanced Micro Devices in a report on Thursday, September 21st. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $14.73.

Advanced Micro Devices (NASDAQ AMD) opened at $12.02 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70. Advanced Micro Devices has a one year low of $9.42 and a one year high of $15.65. The stock has a market capitalization of $11,600.00, a price-to-earnings ratio of -150.25, a PEG ratio of 6.19 and a beta of 2.47.

In other Advanced Micro Devices news, SVP Harry A. Wolin sold 38,983 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $10.95, for a total value of $426,863.85. Following the sale, the senior vice president now directly owns 969,858 shares in the company, valued at $10,619,945.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Darla M. Smith sold 27,288 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $11.13, for a total value of $303,715.44. Following the completion of the sale, the insider now owns 31,236 shares in the company, valued at $347,656.68. The disclosure for this sale can be found here. Insiders sold 1,394,194 shares of company stock worth $15,466,937 over the last quarter. Company insiders own 1.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in shares of Advanced Micro Devices by 509.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 81,000 shares of the semiconductor manufacturer’s stock valued at $833,000 after acquiring an additional 67,700 shares during the period. DnB Asset Management AS lifted its stake in shares of Advanced Micro Devices by 761.0% during the fourth quarter. DnB Asset Management AS now owns 755,851 shares of the semiconductor manufacturer’s stock valued at $7,770,000 after acquiring an additional 668,062 shares during the period. QUANTRES ASSET MANAGEMENT Ltd lifted its stake in shares of Advanced Micro Devices by 122.1% during the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 116,600 shares of the semiconductor manufacturer’s stock valued at $1,199,000 after acquiring an additional 64,100 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of Advanced Micro Devices during the third quarter valued at $945,000. Finally, Cetera Investment Advisers acquired a new position in Advanced Micro Devices in the third quarter valued at about $137,000. 60.09% of the stock is currently owned by institutional investors and hedge funds.

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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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