Advanced Micro Devices Inc. (NASDAQ:AMD) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 70,784,618 shares, a decrease of 2.0% from the August 15th total of 72,207,822 shares. Currently, 11.0% of the company’s shares are sold short. Based on an average daily volume of 28,176,609 shares, the days-to-cover ratio is presently 2.5 days.

AMD has been the subject of a number of research analyst reports. Wells Fargo & Co. reaffirmed an “outperform” rating and issued a $4.25 price target on shares of Advanced Micro Devices in a research note on Thursday, May 26th. Deutsche Bank AG raised their price target on Advanced Micro Devices from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Wednesday. Canaccord Genuity reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research note on Tuesday, August 23rd. Mizuho reaffirmed a “neutral” rating and issued a $7.00 price target (up previously from $5.50) on shares of Advanced Micro Devices in a research note on Thursday, September 1st. Finally, Vetr raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $4.56 price target for the company in a research note on Monday, June 13th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Advanced Micro Devices has a consensus rating of “Hold” and a consensus target price of $5.35.

Several large investors have recently modified their holdings of AMD. Courier Capital Corp boosted its stake in shares of Advanced Micro Devices by 0.8% in the second quarter. Courier Capital Corp now owns 25,200 shares of the semiconductor manufacturer’s stock worth $130,000 after buying an additional 200 shares during the period. State Treasurer State of Michigan boosted its stake in shares of Advanced Micro Devices by 0.6% in the second quarter. State Treasurer State of Michigan now owns 257,900 shares of the semiconductor manufacturer’s stock worth $1,326,000 after buying an additional 1,500 shares during the period. Gilder Gagnon Howe & Co. LLC raised its position in shares of Advanced Micro Devices by 7.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 25,072 shares of the semiconductor manufacturer’s stock valued at $129,000 after buying an additional 1,800 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Advanced Micro Devices by 1.3% in the second quarter. ProShare Advisors LLC now owns 179,034 shares of the semiconductor manufacturer’s stock valued at $920,000 after buying an additional 2,331 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Advanced Micro Devices by 6.7% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 71,900 shares of the semiconductor manufacturer’s stock valued at $370,000 after buying an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 46.63% of the company’s stock.

Advanced Micro Devices (NASDAQ:AMD) opened at 6.05 on Friday. Advanced Micro Devices has a 52-week low of $1.65 and a 52-week high of $8.00. The stock’s market capitalization is $4.81 billion. The stock’s 50 day moving average price is $6.89 and its 200-day moving average price is $4.59.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $951.89 million. On average, equities analysts expect that Advanced Micro Devices will post ($0.20) EPS for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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