Midwest Trust 13F: Cuts AMD Stake by $4.7M
Key Points
- Midwest Trust cut its holdings in Advanced Micro Devices, Inc. AMD by 7,741 shares to finish the period with 7,608 shares worth about $4,654,270.
- Advanced Micro Devices, Inc. holds a strong buy consensus rating among 50 analysts who carry a mean price target of $637.61.
- Wall Street firms including Stifel, Citigroup, Mizuho, Wedbush, and Susquehanna adjusted price targets throughout October 2026 ahead of upcoming financial reports.
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Midwest Trust lowered its holdings in Advanced Micro Devices, Inc. AMD by 7,741 shares during the period, according to a Form 13F filing submitted on October 22, 2026. The adjustment cut the firm's position by 50.4%, leaving it with 7,608 shares valued at approximately $4,654,270.
AMD
Advanced Micro Devices, Inc.
What Changed in Midwest Trust's Advanced Micro Devices, Inc. Position
Before the filing, Midwest Trust held 15,349 shares of the semiconductor designer. The reduction of 7,741 shares brought the holding down to its final count of 7,608 shares.
Other Institutional Activity in Advanced Micro Devices, Inc.
Other institutional investors also adjusted their positions in the semiconductor company around the same time. Symphony Financial grew its holdings by 1,797 shares, ending with 8,149 shares worth about $4,935,075. Root Financial Partners boosted its stake by 2,210 shares to hold 8,805 shares valued at roughly $5,386,547. E. Ohman J:or Asset Management lifted its investment by 81,640 shares, finishing with 139,164 shares worth about $85,134,969. Meanwhile, SBI Securities trimmed its position by 1,932 shares to own 66,708 shares valued at roughly $40,809,286.
Advanced Micro Devices, Inc. Stock Down 5.0%
Advanced Micro Devices, Inc. closed at $507.93 on October 22, 2026, and recently traded at $507.76 on October 23, 2026. The stock sits below its 50-day moving average of $541.10 and above its 200-day moving average of $399.08. Shares trade 22.9% below their 52-week high of $658.52 and well above their 52-week low of $188.22.
Recent Earnings
Advanced Micro Devices, Inc. reported $41.3 billion in trailing twelve month revenue alongside earnings of $3.92 per share. The company posted a net profit margin of 15.6% and a return on equity of 10.2% with year over year revenue growth reaching 50.1%.
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.
Company insiders completed several transactions in recent months. 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, for $9,333,585.
Analysts Set New Price Targets
Wall Street firms updated their views on Advanced Micro Devices, Inc. throughout October 2026. On October 5, 2026, Stifel maintained its buy rating while raising its price target from $635.00 to $700.00. Citigroup maintained a buy rating on October 6, 2026, lifting its target from $575.00 to $800.00. Mizuho maintained an outperform rating on October 6, 2026, raising its target from $580.00 to $705.00. Wedbush reiterated its outperform rating on October 20, 2026, keeping its price target steady at $600.00. Susquehanna maintained a positive rating on October 21, 2026, raising its target from $550.00 to $620.00. The stock carries a consensus strong buy rating from 50 analysts with a mean price target of $637.61.
About Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc. designs and sells processors, graphics cards, and related technology components for data centers, personal computers, and gaming systems. Institutional portfolio shifts in the company provide insight into how professional money managers balance exposure to the high-demand semiconductor sector.
Bottom Line
Investors look ahead to the next earnings release scheduled for November 3, 2026. Future regulatory filings will show whether other institutional holders continue to adjust their stakes in the chipmaker.
Related Filing Alerts
Source: Midwest Trust'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