Melius Research Raises the Bar for Advanced Micro Devices (AMD) Melius Research Raises the Bar for Advanced Micro Devices (AMD)

Written By Michael Gary Scott

Melius Research Upgrades AMD’s Outlook

Fintel reports that on January 8, 2024, Melius Research upgraded their perspective for Advanced Micro Devices (NasdaqGS:AMD) from Hold to Buy.

Analyst Price Forecast Indicates Moderate Downside

As of December 16, 2023, the average one-year price target for Advanced Micro Devices is 135.06. The forecasts range from a low of 60.60 to a high of $210.00. This average price target represents a 2.54% decrease from its latest reported closing price of 138.58.

Growth Projections and Fund Sentiment

The projected annual revenue for Advanced Micro Devices is 28,980MM, showing an increase of 31.07%. The projected annual non-GAAP EPS is 4.82.

Fund Sentiment Indicators

There are 3294 funds or institutions reporting positions in Advanced Micro Devices, representing an increase of 33 owner(s) or 1.01% in the last quarter. The average portfolio weight of all funds dedicated to AMD is 0.66%, a decrease of 3.37%. Total shares owned by institutions decreased in the last three months by 1.48% to 1,220,092K shares.

Shareholder Activity

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 50,297K shares representing 3.11% ownership of the company. The firm reported owning 50,219K shares in its prior filing, showing an increase of 0.15%. The firm decreased its portfolio allocation in AMD by 6.17% over the last quarter.

Background Information on Advanced Micro Devices

For more than 50 years, AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Their technology is relied upon daily by hundreds of millions of consumers, leading Fortune 500 businesses, and cutting-edge scientific research facilities around the world to improve how they live, work, and play.

See also  An Exciting Journey Ahead: Genprex's Participation at Inspiring Investor and Industry Gatherings Pioneering the Future of Gene Therapies in Cancer and Diabetes

Genprex, the clinical-stage gene therapy company, is gearing up for an insightful showcase at the upcoming September investor and industry conferences. As the curtains rise on this exciting stage, Genprex plans to dazzle attendees with a glimpse into its cutting-edge gene therapies designed to revolutionize the treatment landscape for cancer and diabetes.

A Preview of the Events

Mark your calendars for Genprex's participation in two key events this month. The stage is set, the spotlight is waiting – will you be there to witness the magic unfold?

The H.C. Wainwright 26th Annual Global Investment Conference

From September 9 to 13, 2024, Genprex's President and Chief Executive Officer, Ryan Confer, will be taking center stage in the virtual realm. A presentation brimming with insights on the company's gene therapies for cancer and diabetes will be available on-demand from September 9 to 11, 2024. Confer's virtual presence promises to captivate audiences, offering a unique opportunity for investors to delve deep into Genprex's world of innovative treatments.

Chardan's 8th Annual Genetic Medicines Conference

For the in-person aficionados, the Westin Grand Central in New York, NY, will play host to Genprex's Senior Vice President of Intellectual Property and Licensing, Thomas Gallagher, on September 30 and October 1, 2024. Gallagher's presence promises engaging interactions with attendees, providing a firsthand glimpse into Genprex's remarkable strides in the field of genetic medicines.

Unveiling the Future of Treatment

With a focus on developing life-altering therapies for cancer and diabetes, Genprex's innovative technologies are primed to usher in a new era of hope for patients with limited treatment options. Collaborating with esteemed institutions, the company is at the forefront of harnessing the power of gene therapy to cater to a broad patient base eagerly awaiting novel treatment approaches.

Genprex's cutting-edge oncology program utilizes the Oncoprex® Delivery System, a non-viral platform that encapsulates gene-expressing plasmids within lipid-based nanoparticles. This ingenious system, administered intravenously, propels tumor cells to express vital tumor suppressor proteins, effectively targeting deficiencies within the tumor.

The Company's lead product candidate, Reqorsa® Gene Therapy, is currently undergoing evaluation in clinical trials targeting Non-Small Cell Lung Cancer (NSCLC) and Small Cell Lung Cancer (SCLC). With FDA Fast Track Designations under its belt, Genprex's lung cancer programs are making waves in the treatment landscape, redefining standards and ushering in a new dawn of hope for patients.

But the story doesn't end there. Genprex's foray into diabetes gene therapy unfolds a novel infusion process. By employing an AAV vector to deliver Pdx1 and MafA genes directly to the pancreas, the company's GPX-002 treatment promises transformative results. The treatment aims to rejuvenate and replenish beta cells, offering potential respite to patients grappling with Type 1 and Type 2 diabetes.

Embracing the Future Together

As Genprex paves the way for groundbreaking advancements in gene therapy, investors and stakeholders are invited to join this transformative journey. By engaging with the Company through press releases, industry updates, and social media channels, individuals can stay abreast of Genprex's trailblazing initiatives.

Excitement is in the air as Genprex prepares to enlighten, engage, and inspire at the upcoming conferences. Are you ready to be part of this extraordinary voyage into the future of gene therapies? The stage is set, the lights are dimming – it's time to witness history in the making.

Genprex Forward-Looking Statements Overview

Fintel is one of the most comprehensive investing research platforms available, covering fundamentals, analyst reports, ownership data, fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more.