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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMD. Vanguard Group Inc. increased its stake in shares of Advanced Micro Devices by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock worth $1,161,796,000 after purchasing an additional 5,797,819 shares in the last quarter. CI Investments Inc. increased its stake in shares of Advanced Micro Devices by 312.3% in the 3rd quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock worth $93,367,000 after purchasing an additional 5,546,993 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Advanced Micro Devices by 2.9% in the 3rd quarter. Legal & General Group Plc now owns 4,041,764 shares of the semiconductor manufacturer’s stock worth $51,531,000 after purchasing an additional 114,073 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $49,674,000. Finally, Janus Henderson Group PLC increased its stake in shares of Advanced Micro Devices by 3,815.8% in the 2nd quarter. Janus Henderson Group PLC now owns 3,833,805 shares of the semiconductor manufacturer’s stock worth $47,845,000 after purchasing an additional 3,735,900 shares in the last quarter. 60.09% of the stock is currently owned by hedge funds and other institutional investors.

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.

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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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