A couple of motives may help to explain yesterday’s Advanced Micro Devices, Inc. (NYSE:AMD) call buying. On the one hand, the speculators may expect the shares — currently hovering at $4.08 — to muscle north of $4.50 by July options expiration. On the other hand, they may be short sellers hedging against potential gains by initiating protective calls. After all, as my colleague Andrea Kramer recently pointed out, more than one-fifth of the stock’s outstanding float is sold short. Advanced Micro Devices, Inc. (NYSE:AMD) shares after opening at $4.07 moved to $4.14 on last trade day and at the end of the day closed at $4.04. Company price to sales ratio in past twelve months was calculated as 0.58 and price to cash ratio as 2.79. Advanced Micro Devices, Inc. (NYSE:AMD) showed a positive weekly performance of 4.94%.
Shares of NVIDIA (NASDAQ:NVDA) have earned a consensus rating of “Hold” from the twenty-five analysts that are covering the stock, Analyst Ratings Network.com reports. Two research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. NVIDIA Corporation (NASDAQ:NVDA) shares fell -0.16% in last trading session and ended the day on $18.54. NVDA return on equity ratio is recorded as 9.90% and its return on assets is 7.10%. NVIDIA Corporation (NASDAQ:NVDA) yearly performance is 52.34%.
The Micron Technology, Inc. (NASDAQ:MU) on Mar. 20 said it has teamed with Idaho-based Discover Technology to launch a new STEM Mobile Discovery Lab — a bus specially designed with hands-on, interactive science exhibits for elementary and middle school students in southwestern Idaho near Micron’s corporate headquarters. Micron Technology, Inc. (NASDAQ:MU) shares moved down -1.46% in last trading session and was closed at $23.66, while trading in range of $23.66-$24.26. Micron Technology, Inc. (NASDAQ:MU) year to date performance is 8.78%.
Finally, Alcatel Lucent SA (ADR) (NYSE:ALU) has added 1.9% to flirt with $3.95, but still sits 10% lower on the year. In the options pits, puts are flying off the shelves at a rapid-fire rate, with roughly 16,000 contracts traded — about 10 times the stock’s average intraday volume. One options trader is bracing for steeper losses over the next few months, buying to open nearly 12,000 June 2.83 puts for $0.10 each. Alcatel Lucent SA (ADR) (NYSE:ALU) weekly performance is 0.78%. On last trading day company shares ended up $3.87.Alcatel Lucent SA (ADR) (NYSE:ALU) distance from 50-day simple moving average is -7.11%. Analysts mean target price for the company is $5.14.