Advanced Micro Devices, Inc. (NASDAQ:AMD) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 164,589,234 shares, a decrease of 6.4% from the January 12th total of 175,829,589 shares. Based on an average daily trading volume, of 58,349,570 shares, the days-to-cover ratio is currently 2.8 days. Approximately 18.3% of the shares of the company are sold short.
In related news, CFO Devinder Kumar sold 67,976 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $13.43, for a total transaction of $912,917.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Darla M. Smith sold 18,001 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $11.37, for a total value of $204,671.37. Following the sale, the chief accounting officer now owns 19,078 shares of the company’s stock, valued at approximately $216,916.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,394,119 shares of company stock valued at $15,639,964. Company insiders own 1.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Chilton Investment Co. LLC purchased a new position in Advanced Micro Devices during the 4th quarter worth $103,000. Bronfman E.L. Rothschild L.P. increased its holdings in Advanced Micro Devices by 1,655.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after purchasing an additional 8,243 shares during the period. First Personal Financial Services purchased a new position in Advanced Micro Devices during the 3rd quarter worth $127,000. 1492 Capital Management LLC purchased a new position in Advanced Micro Devices during the 3rd quarter worth $128,000. Finally, Cetera Investment Advisers purchased a new position in Advanced Micro Devices during the 3rd quarter worth $137,000. Institutional investors own 60.99% of the company’s stock.
Advanced Micro Devices (AMD) opened at $11.31 on Friday. The company has a market capitalization of $11,000.00, a price-to-earnings ratio of 377.00, a price-to-earnings-growth ratio of 4.95 and a beta of 2.70. Advanced Micro Devices has a fifty-two week low of $9.70 and a fifty-two week high of $15.65. The company has a current ratio of 1.76, a quick ratio of 1.27 and a debt-to-equity ratio of 2.17.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. Advanced Micro Devices’s quarterly revenue was up 33.8% on a year-over-year basis. During the same period last year, the business posted ($0.01) EPS. equities analysts predict that Advanced Micro Devices will post 0.3 earnings per share 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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