Bernardo Wealth Planning 13F: Adds $1.3M to AMD Stake
Key Points
- Bernardo Wealth Planning's stake in AMD grew by 2,095 shares, a 109.5% increase, with a total reported value of $750.6 million.
- Bernardo Wealth Planning held 4,008 $AMD shares at quarter end, up 109.51% from the prior quarter.
- AMD shares recently traded around $531.47, up about 2.8% since the filing date's close of $516.79, but still below the 50-day moving average.
- Analysts maintain a consensus 'strong buy' rating on AMD, with a mean price target of $637.61, indicating potential upside from the recent trading price.
Since the filing, $AMD is up 2.8% to date (from the $516.79 close on Oct 23, 2026).
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Not investment advice. TradeTexts is not a registered investment adviser, and this automated Advanced Micro Devices, Inc. alert may contain errors. Disclosures
On October 23, 2026, Bernardo Wealth Planning increased its position in Advanced Micro Devices, Inc. (AMD) by 2,095 shares, worth approximately $2.45 million. This move brought its total holdings to 4,008 shares, as disclosed in its latest Form 13F filing with the SEC.
AMD
Advanced Micro Devices, Inc.
Bernardo Wealth Planning vs. the S&P 500
Hypothetical returns from Bernardo Wealth Planning's disclosed trades, not real profit or advice. How we model this.
Where AMD Fits in Bernardo Wealth Planning's Portfolio
Bernardo Wealth Planning's stake in AMD now represents 0.33% of its total reported 13F value of about $750.6 million. This position ranks 39th among the fund's 143 holdings, reflecting a significant increase in its investment in AMD.
Other Institutional Activity in AMD
In recent filings, Midwest Trust reduced its AMD holdings by 7,741 shares, ending with 7,608 shares valued at about $4.65 million. Perigon Wealth Management also cut its position by 7,912 shares, bringing its total to 37,800 shares worth approximately $23.1 million. Additionally, RMR Wealth Builders decreased its stake by 3,876 shares, now holding 23,551 shares valued at about $14.4 million.
Advanced Micro Devices, Inc. Stock Up 2.8%
AMD shares recently traded around $531.47, which is above the filing date's closing price of $516.79. However, the stock is still below its 50-day moving average of $542.28, indicating some volatility in its recent price movements.
Recent Earnings
AMD reported trailing twelve-month revenue of approximately $41.3 billion, with a net margin of 15.6%. The next earnings report is scheduled for November 3, 2026.
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.
Several insiders sold shares earlier this year, including CFO Jean X Hu, who sold 15,000 shares on August 25, 2026, and CEO Lisa T. Su, who sold 95,000 shares on September 10, 2026.
Analysts Set New Price Targets
On October 5, 2026, Stifel maintained a 'Buy' rating on AMD with a price target of $700. Citigroup also maintained a 'Buy' rating with a target of $800, while Mizuho reiterated an 'Outperform' rating with a target of $705. The consensus among analysts is a strong buy, with a mean price target of $637.61.
About AMD
Advanced Micro Devices, Inc. is a semiconductor company based in Santa Clara, California. It operates in three main segments: Data Center, Client and Gaming, and Embedded. This increase in Bernardo Wealth Planning's stake reflects a growing confidence in AMD's potential in the technology sector.
Bottom Line
Investors should keep an eye on AMD's performance leading up to its next earnings report on November 3, 2026. Additionally, further developments from institutional investors could signal changes in market sentiment around AMD.
Related Filing Alerts
Source: Bernardo Wealth Planning's 13F filing on $AMD (Oct 23, 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