Butensky & Cohen Financial Security Inc. Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Butensky & Cohen Financial Security Inc. grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 30,352 shares of the semiconductor manufacturer’s stock after buying an additional 1,857 shares during the quarter. Butensky & Cohen Financial Security Inc.’s holdings in Advanced Micro Devices were worth $3,457,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aspire Private Capital LLC purchased a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $12,055,230,000. Tucker Asset Management LLC purchased a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $31,000. Samalin Investment Counsel LLC lifted its position in shares of Advanced Micro Devices by 112.5% in the first quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock valued at $37,000 after acquiring an additional 180 shares in the last quarter. NewSquare Capital LLC lifted its position in shares of Advanced Micro Devices by 170.8% in the first quarter. NewSquare Capital LLC now owns 417 shares of the semiconductor manufacturer’s stock valued at $41,000 after acquiring an additional 263 shares in the last quarter. Finally, JNBA Financial Advisors lifted its position in shares of Advanced Micro Devices by 186.7% in the first quarter. JNBA Financial Advisors now owns 430 shares of the semiconductor manufacturer’s stock valued at $42,000 after acquiring an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 68.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMD shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 2nd. Susquehanna increased their price target on Advanced Micro Devices from $135.00 to $145.00 and gave the company a “positive” rating in a report on Wednesday, August 2nd. Mizuho increased their price target on Advanced Micro Devices from $90.00 to $140.00 in a report on Wednesday, June 14th. BMO Capital Markets increased their price target on Advanced Micro Devices from $110.00 to $150.00 in a report on Wednesday, June 14th. Finally, StockNews.com started coverage on Advanced Micro Devices in a report on Thursday, August 17th. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $135.19.

Advanced Micro Devices Stock Performance

AMD opened at $101.22 on Monday. The business’s 50 day moving average is $109.97 and its 200-day moving average is $104.65. The stock has a market cap of $163.54 billion, a PE ratio of -5,074.50, a price-to-earnings-growth ratio of 5.98 and a beta of 1.80. The company has a current ratio of 2.18, a quick ratio of 1.58 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $54.57 and a twelve month high of $132.83.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Advanced Micro Devices had a positive return on equity of 5.69% and a negative net margin of 0.11%. The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm’s quarterly revenue was down 18.2% compared to the same quarter last year. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.01 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $105.40, for a total value of $7,905,000.00. Following the transaction, the chief executive officer now owns 3,358,721 shares of the company’s stock, valued at $354,009,193.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total transaction of $7,905,000.00. Following the transaction, the chief executive officer now directly owns 3,358,721 shares in the company, valued at approximately $354,009,193.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 31,701 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $111.49, for a total transaction of $3,534,344.49. Following the transaction, the executive vice president now owns 1,513,245 shares in the company, valued at $168,711,685.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 196,643 shares of company stock valued at $21,395,584. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.