Advanced Micro Devices, Inc. (NASDAQ:AMD) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 114,918,514 shares, a decline of 5.5% from the October 15th total of 121,634,146 shares. Approximately 12.3% of the company’s stock are short sold. Based on an average daily trading volume, of 112,995,778 shares, the short-interest ratio is presently 1.0 days.

Shares of NASDAQ AMD opened at $21.03 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.76 and a debt-to-equity ratio of 1.04. Advanced Micro Devices has a 12 month low of $9.04 and a 12 month high of $34.14. The company has a market cap of $21.83 billion, a price-to-earnings ratio of 262.88, a price-to-earnings-growth ratio of 4.49 and a beta of 3.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business posted $0.10 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Micro Devices will post 0.35 earnings per share for the current year.

AMD has been the topic of a number of analyst reports. Bank of America lifted their price objective on shares of Advanced Micro Devices to $25.00 and gave the stock an “average” rating in a research report on Monday, August 6th. TheStreet raised shares of Advanced Micro Devices from a “c” rating to a “b-” rating in a research report on Wednesday, July 25th. Stifel Nicolaus reissued a “buy” rating on shares of Advanced Micro Devices in a research report on Thursday, July 26th. Mizuho reissued a “buy” rating and set a $20.00 target price on shares of Advanced Micro Devices in a research report on Thursday, July 26th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Advanced Micro Devices in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.65.

In other news, CEO Lisa T. Su sold 615,777 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $19.51, for a total value of $12,013,809.27. Following the transaction, the chief executive officer now owns 3,172,907 shares of the company’s stock, valued at approximately $61,903,415.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark D. Papermaster sold 311,962 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $19.59, for a total transaction of $6,111,335.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,569,209 shares of company stock worth $56,688,849. Insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. World Asset Management Inc lifted its stake in Advanced Micro Devices by 3.6% during the 3rd quarter. World Asset Management Inc now owns 57,906 shares of the semiconductor manufacturer’s stock valued at $1,789,000 after acquiring an additional 2,014 shares during the period. MinichMacGregor Wealth Management LLC lifted its stake in Advanced Micro Devices by 257.7% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $101,000 after acquiring an additional 2,319 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Advanced Micro Devices by 2.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 130,626 shares of the semiconductor manufacturer’s stock valued at $4,035,000 after acquiring an additional 3,134 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Advanced Micro Devices by 1.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,333 shares of the semiconductor manufacturer’s stock valued at $6,744,000 after acquiring an additional 3,512 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Advanced Micro Devices by 3.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 95,813 shares of the semiconductor manufacturer’s stock valued at $2,959,000 after acquiring an additional 3,527 shares during the period. Institutional investors and hedge funds own 66.62% of the company’s stock.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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