Advanced Micro Devices, Inc. (NASDAQ:AMD) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 177,020,428 shares, an increase of 2.3% from the November 15th total of 173,104,624 shares. Based on an average daily volume of 40,493,644 shares, the short-interest ratio is presently 4.4 days. Currently, 19.6% of the company’s stock are short sold.

A number of brokerages have recently commented on AMD. Jefferies Group reaffirmed a “buy” rating and issued a $19.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Loop Capital reissued a “hold” rating and set a $13.00 price target (down from $14.00) on shares of Advanced Micro Devices in a report on Wednesday, October 25th. BNP Paribas raised shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. BMO Capital Markets reissued a “hold” rating and set a $15.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 18th. Finally, Deutsche Bank reissued a “hold” rating and set a $12.00 price target on shares of Advanced Micro Devices in a report on Thursday, September 21st. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Advanced Micro Devices currently has a consensus rating of “Hold” and an average price target of $14.38.

Shares of Advanced Micro Devices (NASDAQ:AMD) opened at $10.29 on Monday. Advanced Micro Devices has a 1 year low of $9.42 and a 1 year high of $15.65. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70.

In other Advanced Micro Devices news, SVP James Robert Anderson sold 75,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $10.00, for a total value of $750,000.00. Following the completion of the transaction, the senior vice president now owns 473,773 shares in the company, valued at $4,737,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $10.04, for a total transaction of $1,255,000.00. Following the completion of the transaction, the chief executive officer now owns 1,994,862 shares of the company’s stock, valued at approximately $20,028,414.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,162,283 shares of company stock valued at $13,289,544. Insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Belpointe Asset Management LLC acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $945,000. Cetera Investment Advisers acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $137,000. Independent Advisor Alliance acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $215,000. Neuberger Berman Group LLC boosted its holdings in shares of Advanced Micro Devices by 8.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 76,294 shares of the semiconductor manufacturer’s stock valued at $973,000 after purchasing an additional 6,181 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Advanced Micro Devices by 4.8% in the 3rd quarter. California Public Employees Retirement System now owns 1,522,529 shares of the semiconductor manufacturer’s stock valued at $19,412,000 after acquiring an additional 69,729 shares during the period. Hedge funds and other institutional investors own 60.13% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Advanced Micro Devices, Inc. (AMD) Short Interest Update” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/advanced-micro-devices-inc-amd-short-interest-update/1770420.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 & 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 companies with Analyst Ratings Network's FREE daily email newsletter.