RMR Wealth Builders 13F: Cuts AMD Stake by $2.4M
Key Points
- RMR Wealth Builders lowered its holdings in Advanced Micro Devices, Inc. by 14.1% during the period, finishing with 23,551 shares.
- Advanced Micro Devices, Inc. recently traded around $507.76, sitting well above its 200-day moving average ahead of its November 3 earnings report.
- Multiple company executives, including CEO Lisa T. Su, completed stock sales totaling tens of millions of dollars leading up to the filing date.
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RMR Wealth Builders cut its position in Advanced Micro Devices, Inc. AMD by 3,876 shares during the period, according to a Form 13F filed with the SEC on October 22, 2026.
AMD
Advanced Micro Devices, Inc.
What Changed in RMR Wealth Builders's AMD Position
The firm lowered its stake by 14.1% compared to the prior period, ending with 23,551 shares of the semiconductor maker. The remaining shares held an estimated value of $14,407,780 at the time of the filing. In the previous quarter, the fund owned 27,427 shares.
Other Institutional Activity in Advanced Micro Devices, Inc.
Other institutional investors also adjusted their positions in Advanced Micro Devices, Inc. around the same filing date. SBI Securities reduced its holdings by 1,932 shares, ending with 66,708 shares worth about $40,809,286. Symphony Financial grew its holdings by 1,797 shares, ending with 8,149 shares worth about $4,935,075. Midwest Trust lowered its stake by 7,741 shares, finishing with 7,608 shares valued at about $4,654,270. Perigon Wealth Management reduced its holdings by 7,912 shares, ending with 37,800 shares worth about $23,124,468.
Advanced Micro Devices, Inc. Stock Down 5.0%
Advanced Micro Devices, Inc. recently traded around $507.76 as of October 23, 2026, remaining close to its closing price of $507.93 on October 22. The stock trades above its 200-day moving average while sitting below its 52-week high of $658.52.
Recent Earnings
Advanced Micro Devices, Inc. generated $41,305,001,984 in trailing-twelve-month revenue with a net profit margin of 15.6%. The company reported earnings of $3.92 per share over the same trailing period. The next earnings release 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.
Company insiders executed several transactions prior to the filing. Chief Financial Officer Jean X Hu sold 15,000 shares on August 25, 2026, valued at $7,111,160. Chief Executive Officer Lisa T Su disposed of 95,000 shares on September 10, 2026, for a total of $48,145,666. Officer Forrest Eugene Norrod sold 17,261 shares on September 15, 2026, worth $8,683,156, and followed up by selling another 17,262 shares on October 15, 2026, valued at $9,333,585.
Analysts Set New Price Targets
Wall Street firms maintained favorable views on the stock ahead of the filing. Stifel reiterated its Buy rating with a $700.00 price target on October 5, 2026. Citigroup maintained a Buy rating and raised its target to $800.00 on October 6, 2026. Mizuho kept an Outperform rating while lifting its target to $705.00 on October 6, 2026. Wedbush maintained an Outperform rating with a $600.00 target on October 20, 2026, and Susquehanna kept a Positive rating with a $620.00 target on October 21, 2026. The stock carries a consensus Strong Buy rating from analysts with a mean price target of $637.61.
About Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc. designs high-performance processors and graphics chips used across data centers, personal computers, and gaming consoles. Based in Santa Clara, California, the company competes in the broader semiconductor market supplying hardware for enterprise and consumer technology hardware.
Bottom Line
Investors are watching for the upcoming earnings report on November 3, 2026, to gauge whether demand in data center and client segments matches high market expectations. Additional institutional filings and insider transactions will show how major stakeholders position themselves following recent price moves.
Related Filing Alerts
Source: RMR Wealth Builders'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