First Citizens Bank & Trust 13F: Adds $28M to AMD Stake
First Citizens Bank & Trust boosted its stake in AMD by over 207%, reflecting confidence in the semiconductor giant.
Reviewed by automated data checks against the source filing. How we make and check alerts
First Citizens Bank & Trust added 45,375 shares to its stake in Advanced Micro Devices, Inc. ($AMD), a 207.48% increase, according to a 13F filing with the SEC dated October 14, 2026. It reported 67,245 shares worth $41.14 million at the end of the quarter.
Since the filing, $AMD is down 7.4% to date (from the $570.82 close on Oct 14, 2026).
Find the original: First Citizens Bank & Trust 13F filings on SEC EDGAR
AMD
Advanced Micro Devices, Inc.
Key Points
- First Citizens Bank & Trust increased its stake in Advanced Micro Devices, Inc. by 207.5%, adding 45,375 shares for a total of 67,245 shares valued at $41.1 million.
- AMD, trading on NasdaqGS, boasts a market cap of about $917.8 billion and a P/E ratio of 143.4, with a 52-week high of $658.52.
- The company operates in the semiconductor industry, offering a range of processors and graphics products, with next earnings set for November 3, 2026.
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First Citizens Bank & Trust has made a significant move in its investment portfolio by increasing its stake in Advanced Micro Devices, Inc. (NasdaqGS: AMD). According to the latest Form 13F filing with the SEC, the bank boosted its holdings by 45,375 shares, bringing its total to 67,245 shares. This change represents a 207.5% increase, with the current value of the holdings at approximately $41.1 million.
First Citizens Bank & Trust vs. the S&P 500
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What Changed in First Citizens Bank & Trust's Advanced Micro Devices, Inc. Position
First Citizens Bank & Trust has shown confidence in AMD by significantly increasing its holdings. Previously, the bank held 21,870 shares, but it has now added 45,375 shares to its portfolio. The total number of shares held is now 67,245, valued at about $41.1 million. This increase underscores the bank's positive outlook on AMD's future performance.
Advanced Micro Devices, Inc. Stock Down 6.3%
As of Friday, AMD's stock was trading on the NasdaqGS. The company has a substantial market capitalization of approximately $917.8 billion. AMD's P/E ratio stands at 143.4, and its forward P/E is 35.7, indicating high investor expectations for future growth. The stock has experienced a 52-week low of $188.22 and a high of $658.52, with a 50-day moving average of $536.35 and a 200-day moving average of $392.68. AMD's beta is 2.454, suggesting higher volatility compared to the market.
Recent Earnings
AMD reported revenue of $41.3 billion with a revenue growth rate of 50.1%. The company's net margin is 15.6%, and its return on equity is 10.2%. 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.
About Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc. is a key player in the semiconductor industry, providing a wide range of products including microprocessors, graphics processing units, and AI accelerators. The company operates in segments such as Data Center, Client and Gaming, and Embedded. Headquartered in Santa Clara, California, AMD serves various sectors including original equipment manufacturers and public cloud service providers. Under the leadership of CEO Dr. Lisa T. Su, AMD continues to innovate in technology solutions.
Bottom Line
First Citizens Bank & Trust's decision to significantly increase its holdings in AMD reflects a strong vote of confidence in the semiconductor giant's prospects. While 13F filings are backward-looking and may not represent the bank's current position, this move is noteworthy for investors tracking institutional sentiment in AMD. With upcoming earnings and a robust market presence, AMD remains a focal point for market watchers.
Related Filing Alerts
Source: First Citizens Bank & Trust's 13F filing on $AMD (Oct 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: First Citizens Bank & Trust 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts