Advanced Micro Devices, Inc. (AMD) Short Interest Down 5.1% in December
Advanced Micro Devices, Inc. (NASDAQ:AMD) was the recipient of a large 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 currently 5.0 days. Currently, 18.6% of the company’s stock are sold short.
Advanced Micro Devices (NASDAQ AMD) opened at $12.18 on Thursday. The firm has a market capitalization of $11,750.00, a price-to-earnings ratio of -152.25, a PEG ratio of 6.27 and a beta of 2.47. 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 twelve month low of $9.42 and a twelve month high of $15.65.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $12.04, for a total transaction of $3,612,000.00. Following the transaction, the chief executive officer now owns 2,157,362 shares in the company, valued at approximately $25,974,638.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark D. Papermaster sold 173,630 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $12.08, for a total value of $2,097,450.40. Following the transaction, the insider now owns 1,331,579 shares in the company, valued at approximately $16,085,474.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,759,990 shares of company stock worth $19,885,753 in the last quarter. Company insiders own 1.60% of the company’s stock.
AMD has been the topic of several recent research reports. BidaskClub upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Macquarie upgraded Advanced Micro Devices from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $10.29 to $10.47 in a research note on Monday, December 18th. Goldman Sachs Group cut their price target on Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating on the stock in a research note on Wednesday, November 29th. Mizuho restated a “buy” rating and issued a $17.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, November 28th. Finally, Bank of America restated a “buy” rating and issued a $18.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, November 14th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Advanced Micro Devices has a consensus rating of “Hold” and an average price target of $14.73.
WARNING: “Advanced Micro Devices, Inc. (AMD) Short Interest Down 5.1% in December” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2018/01/18/advanced-micro-devices-inc-amd-short-interest-down-5-1-in-december.html.
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.
Receive News & Stock Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related stocks with our FREE daily email newsletter.