AMF Tjanstepension 13F: Cuts AMD Stake by $2.2M
Key Points
- AMF Tjanstepension reduced its holdings in Advanced Micro Devices, Inc. by 14.5%, ending the quarter with 21,113 shares valued at about $12.9 million.
- Advanced Micro Devices, Inc. posted trailing twelve month revenue of $41.3 billion and earnings of $3.92 per share ahead of its upcoming earnings report on November 3, 2026.
- Wall Street maintains a consensus strong buy rating on the stock with a mean price target of $637.61 across 50 analyst opinions.
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AMF Tjanstepension reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the quarter, according to a Form 13F filing on October 22, 2026.
AMD
Advanced Micro Devices, Inc.
What Changed in AMF Tjanstepension's Advanced Micro Devices, Inc. Position
The pension fund cut its holdings by 3,574 shares, marking a 14.4% decrease from the previous quarter. That left AMF Tjanstepension with 21,113 shares of the semiconductor maker. The remaining stake carried a reported value of $12.9 million at the time of the filing.
Other Institutional Activity in Advanced Micro Devices, Inc.
Accurate Wealth Management grew its holdings by 2,454 shares, ending with 16,040 shares worth about $9.7 million. Charles Schwab Trust bought a new position of 600 shares valued at about $367,056. Financial Synergies Wealth Advisors initiated a stake with 340 shares worth approximately $208,000. First Citizens Bank & Trust expanded its position significantly by 45,375 shares, holding 67245 shares worth about $41.1 million. Root Financial Partners grew its holdings by 2,210 shares, ending with 8,805 shares worth about $5.4 million.
Advanced Micro Devices, Inc. Stock Down 1.0%
Advanced Micro Devices, Inc. shares recently traded around $529.31 as of October 22, 2026, up about 4.2% since the filing date when the stock closed at $507.93. The chipmaker has traded between a 52-week low of $188.22 and a 52-week high of $658.52.
Recent Earnings
Advanced Micro Devices, Inc. reported trailing twelve month revenue of $41.3 billion and earnings of $3.92 per share. The company generated a net profit margin of 15.6% and a return on equity of 10.2% with year-over-year revenue growth reaching 50.1%. Investors will look toward the upcoming earnings release on November 3, 2026, for fresh details on the company's growth trajectory.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
21 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 4.8%. Revenue beat estimates by 2.6%.
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Profit surprise
EBITDA missed by 4 percent. Operating income missed by 32 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 upgrades, 2 downgrades, 21 target raises.
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Earnings quality
Gross margin up 2.6 points. Operating margin up 3.6 points. Positive free cash flow.
Earnings Call Summary
AMD reported outstanding first quarter results with $10.3 billion in revenue, up 38 percent year over year. Data center revenue surged 57 percent driven by strong demand for EPYC server CPUs and Instinct GPUs. Management emphasized that Agentic AI and inference workloads are driving substantially higher CPU demand than expected, requiring more compute than prior models. Free cash flow nearly tripled to $2.6 billion, and operating margin expanded to 25 percent, showing strong operational leverage as the business scales into AI infrastructure.
Guidance AMD guided next quarter revenue to about $11.2 billion, up 46 percent year over year. Management raised full year data center CPU growth forecast to over 70 percent, driven by strong Agentic AI demand. They also raised the long-term server CPU market size forecast to over $120 billion by 2030, from $60 billion announced in November.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Advanced Micro Devices, Inc.
Insiders completed several transactions prior to the filing date.
Analysts Set New Price Targets
Analysts updated their views on the stock ahead of the filing.
About Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc. designs and sells computer processors, graphics chips, and related hardware for data centers, personal computers, and gaming systems. Its products power servers, cloud computing networks, and consumer electronics worldwide.
Bottom Line
Institutional adjustments in Advanced Micro Devices, Inc. continue as market participants weigh strong data center demand against a high valuation. Shareholders await the company's next earnings report on November 3, 2026, for updated financial results.
Related Filing Alerts
Source: AMF Tjanstepension's 13F filing on $AMD (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts