Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Advanced Micro Devices, Inc. NASDAQ: AMD. In a filing disclosed on May 31st, the Representative disclosed that they had bought between $15,001 and $50,000 in Advanced Micro Devices stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zimmer Biomet NYSE: ZBH on 5/15/2025.
- Sold $15,001 - $50,000 in shares of Elevance Health NYSE: ELV on 5/15/2025.
- Sold $15,001 - $50,000 in shares of PepsiCo NASDAQ: PEP on 5/15/2025.
- Sold $1,001 - $15,000 in shares of WEC Energy Group NYSE: WEC on 5/15/2025.
- Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 5/15/2025.
- Purchased $1,001 - $15,000 in shares of Kraft Heinz NASDAQ: KHC on 5/15/2025.
- Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 5/15/2025.
- Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 5/15/2025.
- Sold $1,001 - $15,000 in shares of International Flavors & Fragrances NYSE: IFF on 5/15/2025.
- Purchased $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 5/15/2025.
Advanced Micro Devices Price Performance
AMD stock traded up $0.50 during midday trading on Friday, reaching $116.19. 26,964,110 shares of the company's stock traded hands, compared to its average volume of 41,511,341. The company has a 50-day simple moving average of $101.12 and a two-hundred day simple moving average of $112.29. The company has a market cap of $188.39 billion, a price-to-earnings ratio of 117.36, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.
Advanced Micro Devices announced that its board has authorized 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 repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Piper Sandler reissued an "overweight" rating and issued a $125.00 target price (down from $140.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Cantor Fitzgerald restated an "overweight" rating and issued a $120.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. DZ Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a research report on Thursday, May 8th. Argus set a $160.00 price target on Advanced Micro Devices in a research report on Thursday, February 6th. Finally, Susquehanna reduced their price target on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a research report on Thursday, April 24th. Fifteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $132.58.
Read Our Latest Stock Report on AMD
Insider Activity at Advanced Micro Devices
In other news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.
Institutional Trading of Advanced Micro Devices
A number of institutional investors have recently modified their holdings of AMD. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth about $25,000. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares during the last quarter. American Capital Advisory LLC raised its stake in shares of Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. 71.34% of the stock is currently owned by institutional investors.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Advanced Micro Devices
(
Get Free Report)
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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