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

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Advanced Micro Devices, Inc. NASDAQ: AMD. In a filing disclosed on November 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Advanced Micro Devices stock on November 25th.

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

• Purchased $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 11/25/2024.
• Purchased $1,001 - $15,000 in shares of GSK NYSE: GSK on 11/25/2024.
• Purchased $1,001 - $15,000 in shares of Costco Wholesale NASDAQ: COST on 11/25/2024.
• Purchased $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 11/25/2024.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 11/25/2024.
• Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 11/25/2024.
• Purchased $1,001 - $15,000 in shares of Nestlé OTCMKTS: NSRGY on 11/25/2024.
• Purchased $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 11/25/2024.
• Purchased $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 11/25/2024.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 11/25/2024.

Advanced Micro Devices Price Performance

Shares of AMD traded up $0.94 during midday trading on Friday, reaching $137.18. The stock had a trading volume of 16,085,714 shares, compared to its average volume of 54,531,559. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $222.62 billion, a price-to-earnings ratio of 123.59, a price-to-earnings-growth ratio of 1.88 and a beta of 1.71. The company's 50-day moving average is $152.16 and its 200 day moving average is $154.06. Advanced Micro Devices, Inc. has a 12-month low of $116.37 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The business 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 revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMD shares. Citigroup lowered their price target on shares of Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. UBS Group dropped their target price on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Bank of America reaffirmed a "buy" rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Evercore ISI increased their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley decreased their target price on shares of Advanced Micro Devices from $178.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $192.79.

Institutional Trading of Advanced Micro Devices

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Creative Capital Management Investments LLC lifted its holdings in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 75 shares during the last quarter. Morton Brown Family Wealth LLC grew its stake in shares of Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 85 shares during the period. Fairway Wealth LLC purchased a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $27,000. Finally, Semmax Financial Advisors Inc. lifted its position in Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 139 shares during the period. 71.34% of the stock is currently owned by institutional investors.

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.