E. Ohman J:or Asset Management 13F: Adds $50M to AMD Stake
Key Points
- E. Ohman J:or Asset Management grew its Advanced Micro Devices, Inc. position by 141.9% during the period, ending with 139,164 shares.
- Advanced Micro Devices, Inc. trades near $529.31 following recent market activity ahead of its upcoming earnings report.
- Wall Street analysts maintain favorable ratings on Advanced Micro Devices, Inc. with a consensus target well above current trading levels.
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E. Ohman J:or Asset Management expanded its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 141.9%, according to a Form 13F filing with the Securities and Exchange Commission on October 22, 2026.
AMD
Advanced Micro Devices, Inc.
What Changed in E. Ohman J:or Asset Management's AMD Position
The firm picked up an additional 81,640 shares during the period, lifting its total holding to 139,164 shares. The stake carried a reported value of $85,134,969 at the time of the filing.
Other Institutional Activity in Advanced Micro Devices, Inc.
Root Financial Partners grew its holdings by 2,210 shares, ending with 8,805 shares worth about $5,386,547.
Advanced Micro Devices, Inc. Stock Down 1.0%
Advanced Micro Devices, Inc. recently traded around $529.31 on October 22, 2026, after closing at $507.93 on the date of the filing. The stock sits below its 50-day moving average while staying well above its 200-day moving average.
Recent Earnings
Advanced Micro Devices, Inc. reported $41.3 billion in trailing twelve month revenue alongside an earnings per share of $3.92. The company prepares to release its next financial update on 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.
Dividend
Advanced Micro Devices, Inc. does not pay a dividend, keeping its payout ratio at zero as management reinvests earnings into research and development across its semiconductor segments.
Insider Buying and Selling at Advanced Micro Devices, Inc.
Chief Financial Officer Jean X Hu sold 15,000 shares on August 25, 2026, for a total value of $7,111,160. Chief Executive Officer Lisa T Su disposed of 95,000 shares on September 10, 2026, valued at $48,145,666. Officer Forrest Eugene Norrod parted with 17,261 shares on September 15, 2026, worth $8,683,156, and later sold 17,262 shares on October 15, 2026, totaling $9,333,585.
Analysts Set New Price Targets
On October 5, 2026, Stifel maintained its Buy rating while raising its price target to $700.00 from $635.00. Citigroup kept a Buy rating on October 6, 2026, lifting its target to $800.00 from $575.00. Mizuho maintained an Outperform rating on October 6, 2026, moving its target to $705.00 from $580.00. Wedbush reiterated an Outperform rating with a $600.00 target on October 20, 2026. Susquehanna maintained a Positive rating on October 21, 2026, adjusting its target to $620.00 from $550.00.
About Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc. designs high-performance processors and graphic cards for data centers, personal computers, and gaming systems. The Santa Clara, California-based technology company competes globally in the semiconductor space, powering modern computing infrastructure and artificial intelligence hardware.
Bottom Line
Investors are keeping an eye on Advanced Micro Devices, Inc. as the company heads toward its next earnings release on November 3, 2026. Institutional interest remains active alongside varied analyst price targets.
Related Filing Alerts
Source: E. Ohman J:or Asset Management'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