AMF Tjanstepension AB Makes New $3.40 Million Investment in Applied Materials, Inc. $AMAT

AMF Tjanstepension AB acquired a new stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,638 shares of the manufacturing equipment provider's stock, valued at approximately $3,395,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its holdings in shares of Applied Materials by 85.4% in the 2nd quarter. State Street Corp now owns 69,525,842 shares of the manufacturing equipment provider's stock valued at $50,267,184,000 after purchasing an additional 32,018,892 shares during the period. Bank of America Corp DE acquired a new stake in Applied Materials in the 2nd quarter valued at about $5,252,863,000. Jupiter Topco LLC acquired a new stake in Applied Materials in the 2nd quarter valued at about $1,512,287,000. Amundi grew its holdings in Applied Materials by 19.0% during the second quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider's stock worth $5,645,344,000 after purchasing an additional 1,246,876 shares during the period. Finally, BlackRock Inc. grew its holdings in Applied Materials by 1.6% during the second quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider's stock worth $57,993,650,000 after purchasing an additional 1,237,685 shares during the period. Institutional investors own 80.56% of the company's stock.

Insider Activity at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 725 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $544.56, for a total transaction of $394,806.00. Following the transaction, the chief accounting officer owned 3,181 shares in the company, valued at $1,732,245.36. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brice Hill sold 7,500 shares of Applied Materials stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total value of $3,594,375.00. Following the sale, the chief financial officer directly owned 128,613 shares of the company's stock, valued at $61,637,780.25. This represents a 5.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,225 shares of company stock worth $4,454,181 in the last ninety days. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMAT has been the topic of a number of recent analyst reports. William Blair initiated coverage on Applied Materials in a research report on Tuesday, August 11th. They set a "market perform" rating on the stock. TD Cowen reaffirmed a "buy" rating and issued a $700.00 price objective on shares of Applied Materials in a research report on Friday, August 14th. Citigroup reissued a "buy" rating and set a $710.00 target price (up from $550.00) on shares of Applied Materials in a report on Monday, August 3rd. HC Wainwright set a $850.00 target price on Applied Materials in a report on Monday, June 29th. Finally, Needham & Company LLC dropped their price target on Applied Materials from $740.00 to $580.00 and set a "buy" rating on the stock in a research note on Friday, October 16th. Thirty research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $632.70.

Trending Headlines about Applied Materials

Here are the key news stories impacting Applied Materials this week:

• Positive Sentiment: Applied Materials saw approximately $102.1 million of net ETF buying on Tuesday, indicating continued institutional demand for the stock despite recent weakness. Applied Materials Sees $102.1 Million in Net ETF Buying on Tuesday
• Positive Sentiment: The company’s Semiconductor Systems business is positioned to benefit from AI-chip investment in advanced logic, DRAM and advanced packaging. These trends could support revenue growth and margin expansion in coming years. Can Semiconductor Systems Drive AMAT's Next Growth Phase?
• Neutral Sentiment: Applied Materials will report fourth-quarter and fiscal 2026 results on November 12, 2026. The announcement gives investors a clear upcoming catalyst, but contains no change to earnings guidance. Applied Materials to Report Fourth Quarter and Fiscal 2026 Results on Nov. 12, 2026
• Negative Sentiment: Lam Research’s outlook, described as only “a bit higher,” disappointed investors following an otherwise strong quarter. Its warning that supply constraints could limit growth pressured the broader chip-equipment group, including AMAT. Applied Materials Sinks on Lam's Outlook
• Negative Sentiment: The sector-wide selloff reflects concerns that equipment makers may face near-term capacity and supply limitations even as AI demand remains strong. Applied Materials’ shares also remain below their recent moving averages, amplifying investor caution. Lam Research Sinks as Supply Constraints Cap Outlook
• Negative Sentiment: Investors have reacted cautiously to Applied Materials’ 2030 plan, including a target of more than $12 billion in services revenue and roughly 54% non-GAAP gross margin. The long-term targets may require substantial execution and are not immediately easing concerns about the current equipment cycle. Applied Materials Slides After Targeting $12 Billion in Services by 2030

Applied Materials Trading Down 8.2%

Shares of AMAT stock opened at $375.58 on Friday. Applied Materials, Inc. has a 12-month low of $203.40 and a 12-month high of $739.67. The company has a market capitalization of $298.06 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 1.14 and a beta of 1.60. The firm has a 50 day moving average price of $469.97 and a two-hundred day moving average price of $487.71. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%. The company had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the prior year, the business earned $2.48 earnings per share. The firm's revenue for the quarter was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, analysts predict that Applied Materials, Inc. will post 12.79 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a $0.53 dividend. The ex-dividend date is Thursday, November 19th. This represents a $2.12 annualized dividend and a yield of 0.6%. Applied Materials's payout ratio is 18.28%.

About Applied Materials

Applied Materials, Inc is a technology company that supplies equipment, services and software used to manufacture semiconductors and advanced displays. Its products help customers fabricate the integrated circuits and other components used in computers, mobile devices, data centers, automobiles and a range of connected technologies.

The company's offerings include systems for materials engineering, wafer fabrication, inspection and process control, along with equipment and services designed to improve manufacturing productivity and yield.

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.