Rep. Marjorie Taylor Greene Buys Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Advanced Micro Devices, Inc. (NASDAQ:AMD). In a filing disclosed on November 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Advanced Micro Devices stock on November 1st.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Digital Realty Trust (NYSE:DLR) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Corning (NYSE:GLW) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 10/21/2024.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $145.10 on Thursday. The business’s 50-day simple moving average is $154.36 and its 200-day simple moving average is $155.56. The firm has a market capitalization of $235.47 billion, a P/E ratio of 130.72, a P/E/G ratio of 1.96 and a beta of 1.71. Advanced Micro Devices, Inc. has a 1-year low of $111.22 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Capital Management Investments LLC boosted its position in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC raised its position in shares of Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares during the last quarter. Morton Brown Family Wealth LLC boosted its stake in shares of Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares during the last quarter. Fairway Wealth LLC bought a new position in shares of Advanced Micro Devices in the 2nd quarter worth about $27,000. Finally, Semmax Financial Advisors Inc. grew its position in shares of Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 139 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AMD. Wedbush reaffirmed an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. UBS Group reduced their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Edward Jones started coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Finally, BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.79.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

About Advanced Micro Devices

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.