Short Interest Filing: Does Advanced Micro Devices Incorporated (NASDAQ:AMD) Have Gas After Even Less Sellers Involved?

November 23, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Filing: Does Advanced Micro Devices Incorporated (NASDAQ:AMD) Have Gas After Even Less Sellers Involved?

The stock of Advanced Micro Devices Incorporated (NASDAQ:AMD) registered a decrease of 7.62% in short interest. AMD’s total short interest was 89.48 million shares in November as published by FINRA. Its down 7.62% from 96.86 million shares, reported previously. With 49.52 million shares average volume, it will take short sellers 2 days to cover their AMD’s short positions. The short interest to Advanced Micro Devices Incorporated’s float is 13.13%. The stock decreased 2.80% or $0.25 during the last trading session, hitting $8.69. About 370 shares traded hands. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 231.68% since April 21, 2016 and is uptrending. It has outperformed by 226.35% the S&P500.

Advanced Micro Devices, Inc. is a global semiconductor company. The company has a market cap of $8.27 billion. The Firm is engaged in offering x86 microprocessors, as a standalone central processing unit 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. It currently has negative earnings. It operates in two divisions: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.

Insitutional Activity: The institutional sentiment increased to 2.16 in 2016 Q2. Its up 0.02, from 2.14 in 2016Q1. The ratio improved, as 20 funds sold all Advanced Micro Devices, Inc. shares owned while 43 reduced positions. 53 funds bought stakes while 82 increased positions. They now own 330.20 million shares or 3.85% more from 317.95 million shares in 2016Q1.
Millennium Limited Co reported 4.51M shares or 0.05% of all its holdings. Chicago Equity Prtnrs Ltd Liability Corporation, a Illinois-based fund reported 1.17 million shares. Limited Co has 888,000 shares for 0.36% of their US portfolio. Cibc Asset Management Inc, a Ontario – Canada-based fund reported 25,979 shares. Baker Avenue Asset Lp has 0.07% invested in the company for 84,040 shares. Kcg, a New Jersey-based fund reported 54,765 shares. Commerzbank Aktiengesellschaft Fi accumulated 0.08% or 2.42 million shares. Moreover, Pictet Retail Bank And Trust Ltd has 0.08% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 40,540 shares. Invesco Limited has invested 0.01% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Shelton owns 67,000 shares or 0.03% of their US portfolio. Thompson Davis has 0.01% invested in the company for 1,000 shares. Cap Counsel holds 0.08% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 29,235 shares. Ameriprise holds 0.01% or 1.85 million shares in its portfolio. Checchi Capital Advisers Ltd Liability Corp has 12,473 shares for 0.01% of their US portfolio. Myriad Asset Limited, a Hong Kong-based fund reported 2.94 million shares.

Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 10 sales for $13.84 million net activity. 312,469 shares with value of $2.07 million were sold by KUMAR DEVINDER on Wednesday, November 2. Su Lisa T had sold 665,414 shares worth $4.40M. Another trade for 137,165 shares valued at $906,661 was sold by WOLIN HARRY A. SMITH DARLA M also sold $100,132 worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) shares. Norrod Forrest Eugene had sold 224,306 shares worth $1.49M on Wednesday, November 2. Papermaster Mark D sold $1.79 million worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) on Wednesday, November 2. $2.63M worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) was sold by ANDERSON JAMES ROBERT on Tuesday, November 15.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Ratings Coverage

Out of 11 analysts covering Advanced Micro (NASDAQ:AMD), 3 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 27% are positive. $10.50 is the highest target while $1.75 is the lowest. The $5.59 average target is -35.67% below today’s ($8.69) stock price. Advanced Micro has been the topic of 17 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Neutral” rating by Susquehanna on Tuesday, September 20. Credit Suisse upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) on Wednesday, October 12 to “Neutral” rating. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Hold” rating by Deutsche Bank on Wednesday, September 14. On Tuesday, September 22 the stock rating was upgraded by Vetr to “Strong-Buy”. The firm has “Buy” rating given on Thursday, August 25 by Canaccord Genuity. Canaccord Genuity upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) rating on Thursday, June 16. Canaccord Genuity has “Hold” rating and $6 price target. The rating was maintained by UBS with “Sell” on Monday, March 21. The firm has “Market Perform” rating given on Friday, September 11 by Bernstein. The company was maintained on Tuesday, November 22 by M Partners. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Hold” rating by Topeka Capital Markets on Thursday, August 13.

AMD Company Profile

Advanced Micro Devices, Inc., incorporated on May 1, 1969, is a global semiconductor company. The Firm 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. The Firm operates in two divisions: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.

More recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Schaeffersresearch.com which released: “Most Active Weekly Options: NVIDIA Corporation and Advanced Micro Devices, Inc.” on November 21, 2016. Also Profitconfidential.com published the news titled: “Advanced Micro Devices, Inc.: If AMD Stock Does THIS It’ll Fly” on November 17, 2016. Fool.com‘s news article titled: “Better Buy: Advanced Micro Devices, Inc. vs. NVIDIA” with publication date: November 02, 2016 was also an interesting one.

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By Marie Mckinney

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