Kmg Fiduciary Partners 13F: Cuts AMD Stake by $3.8M
The firm cut its AMD holdings by 11.9%, now holding 46,460 shares worth $28.4 million.
Reviewed by automated data checks against the source filing. How we make and check alerts
Kmg Fiduciary Partners sold 6,273 shares from its stake in Advanced Micro Devices, Inc. ($AMD), an 11.90% decrease, according to a 13F filing with the SEC dated October 14, 2026. It reported 46,460 shares worth $28.42 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: Kmg Fiduciary Partners 13F filings on SEC EDGAR
AMD
Advanced Micro Devices, Inc.
Key Points
- Kmg Fiduciary Partners trimmed its AMD holdings by 11.9%, reducing its shares from 52,733 to 46,460.
- AMD has a market cap of $917.8 billion and a forward P/E of 35.69, with a 52-week range between $188.22 and $658.52.
- With no dividend yield, AMD's stock has a strong buy consensus from analysts with a mean price target of $636.21.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Advanced Micro Devices, Inc. alert may contain errors. Disclosures
Kmg Fiduciary Partners has reduced its position in Advanced Micro Devices, Inc. (NasdaqGS: AMD) by 11.9%, according to its latest Form 13F filing with the SEC. The firm cut its holdings by 6,273 shares, leaving it with 46,460 shares valued at approximately $28.4 million. This filing reflects the fund's holdings as of the reporting period and may not represent its current position.
Kmg Fiduciary Partners vs. the S&P 500
Hypothetical returns from Kmg Fiduciary Partners's disclosed trades, not real profit or advice. How we model this.
What Changed in Kmg Fiduciary Partners' AMD Position
Kmg Fiduciary Partners trimmed its stake in AMD by 11.9%, decreasing its share count from 52,733 to 46,460. The value of the holding now stands at about $28.4 million. This adjustment shows a strategic move by the firm as it manages its investment in the semiconductor giant.
Advanced Micro Devices, Inc. Stock Down 6.3%
Shares of Advanced Micro Devices, Inc. (NasdaqGS: AMD) traded near their previous close of $570.82 on Friday. The company boasts a market capitalization of approximately $917.8 billion. AMD has a P/E ratio of 143.43, with a forward P/E of 35.69, indicating investor expectations of future earnings growth. The stock has experienced significant volatility, with a 52-week low of $188.22 and a high of $658.52. Its 50-day moving average is $536.35, while the 200-day moving average stands at $392.68. AMD maintains a healthy current ratio of 2.61 and a quick ratio of 1.69.
Recent Earnings
AMD reported revenue of $41.3 billion, reflecting a strong growth rate of 50.1%. The company's earnings per share (EPS) came in at $3.92. With a net margin of 15.58% and a return on equity (ROE) of 10.20%, AMD's financial performance remains robust. Investors are looking forward to the next earnings report 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
Advanced Micro Devices, Inc., headquartered in Santa Clara, California, is a leading player in the semiconductor industry. The company, led by CEO Dr. Lisa T. Su, operates in segments like Data Center, Client and Gaming, and Embedded. AMD designs and sells a range of products including microprocessors, graphics processing units (GPUs), and AI accelerators. With around 31,000 employees, AMD serves a diverse customer base including original equipment manufacturers and public cloud service providers.
Bottom Line
Kmg Fiduciary Partners' decision to reduce its stake in AMD highlights the dynamic nature of institutional investing. While the filing reflects past positions, it provides insight into the firm's strategy at the time. Investors closely watch these filings to gauge institutional confidence and market trends, even as AMD continues to show strong growth and financial health.
Related Filing Alerts
Source: Kmg Fiduciary Partners'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: Kmg Fiduciary Partners 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts