Advanced Micro Devices earnings outlook upgraded as institutional stake falls

Erste Group Bank raised its forecast for Advanced Micro Devices' fiscal‑year‑2027 earnings per share to $11.89, up from $11.81, and reaffirmed a Buy rating in a research note dated June 25. The analyst note also cited a consensus estimate of $6.15 for the company's current full‑year EPS, with several other brokerages recently increasing price targets and upgrading their ratings.

Separately, SMART Wealth LLC reduced its holding in AMD by 87.9 % during the first quarter, selling 8,552 shares and ending the period with 1,181 shares valued at roughly $240,000. The filing noted that institutional investors collectively own about 71 % of AMD stock, while other wealth‑management firms made modest adjustments to their positions.

These developments reflect both optimistic earnings expectations for AMD and a notable shift in one institutional investor's exposure to the chipmaker.