Butensky & Cohen Financial Security Inc. Purchases 3,655 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Butensky & Cohen Financial Security Inc. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,705 shares of the semiconductor manufacturer's stock after acquiring an additional 3,655 shares during the period. Butensky & Cohen Financial Security Inc.'s holdings in Advanced Micro Devices were worth $3,874,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices in the 4th quarter worth $25,000. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $29,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $31,000. Institutional investors own 71.34% of the company's stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMD. Jefferies Financial Group lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their target price for the company from $135.00 to $120.00 in a research note on Thursday, March 27th. Citigroup reaffirmed a "neutral" rating on shares of Advanced Micro Devices in a research note on Wednesday, May 14th. Seaport Res Ptn raised shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. Barclays lifted their target price on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Stifel Nicolaus set a $132.00 target price on shares of Advanced Micro Devices in a research note on Monday, April 28th. Fifteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.58.

Advanced Micro Devices Trading Up 0.4%

Shares of NASDAQ AMD opened at $116.19 on Friday. The firm's 50 day moving average price is $101.39 and its 200-day moving average price is $112.13. The company has a market cap of $188.39 billion, a PE ratio of 117.36, a P/E/G ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The firm's quarterly revenue was up 35.9% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has approved a share buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

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