Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 159,550,221 shares, a decrease of 3.5% from the February 15th total of 165,380,345 shares. Based on an average daily trading volume, of 43,447,599 shares, the days-to-cover ratio is presently 3.7 days. Currently, 24.7% of the company’s shares are sold short.

A number of equities research analysts recently commented on the stock. Vetr upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $13.28 price target for the company in a report on Monday, February 5th. Credit Suisse Group upped their price target on shares of Advanced Micro Devices from $12.00 to $13.50 and gave the company a “neutral” rating in a report on Wednesday, January 31st. ValuEngine lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. BidaskClub lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Finally, Zacks Investment Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, January 31st. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $14.88.

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In related news, CFO Devinder Kumar sold 67,976 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $13.43, for a total transaction of $912,917.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark D. Papermaster sold 34,330 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $10.62, for a total transaction of $364,584.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,468,240 shares of company stock valued at $17,050,618 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors grew its position in Advanced Micro Devices by 9.7% during the 3rd quarter. Nationwide Fund Advisors now owns 639,029 shares of the semiconductor manufacturer’s stock valued at $8,148,000 after purchasing an additional 56,694 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at about $583,000. Canada Pension Plan Investment Board grew its position in Advanced Micro Devices by 1,374.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 260,900 shares of the semiconductor manufacturer’s stock valued at $3,326,000 after purchasing an additional 243,200 shares during the last quarter. State of Wisconsin Investment Board grew its position in Advanced Micro Devices by 5.6% during the 3rd quarter. State of Wisconsin Investment Board now owns 1,017,746 shares of the semiconductor manufacturer’s stock valued at $12,976,000 after purchasing an additional 53,613 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at about $49,674,000. Institutional investors own 61.64% of the company’s stock.

Advanced Micro Devices (NASDAQ:AMD) opened at $11.70 on Monday. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27. The stock has a market cap of $11,340.00, a PE ratio of -13.93, a P/E/G ratio of 5.06 and a beta of 2.73. Advanced Micro Devices has a 12 month low of $9.70 and a 12 month high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. Advanced Micro Devices’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. analysts anticipate that Advanced Micro Devices will post 0.3 earnings per share for the current year.

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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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