Royal London Asset Management Reduces $43M in Applied Materials, Inc. ($AMAT)
The fund trimmed its Applied Materials holdings by 11.3% in its latest 13F filing, reflecting a decrease of 60,933 shares.
Key Points
- Royal London Asset Management reduced its stake in Applied Materials, Inc. by 60,933 shares, a decrease of 11.3%, leaving it with 478,933 shares valued at $264.6 million.
- Applied Materials, Inc. trades on NasdaqGS with a market cap of $450.37 billion and a P/E ratio of 53.46, showing robust financial metrics.
- Peers like BlackRock and Geode Capital adjusted their holdings in Applied Materials, while analysts maintain strong buy ratings with targets up to $650.
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Royal London Asset Management has cut its position in Applied Materials, Inc. (NasdaqGS: AMAT) by 11.3% according to its latest 13F filing with the SEC. The fund reduced its holdings by 60,933 shares, leaving it with 478,933 shares valued at approximately $264.6 million as of the reporting period.
What Changed in Royal London Asset Management's Applied Materials Position
Royal London Asset Management trimmed its holdings in Applied Materials from 539,866 shares to 478,933 shares, a reduction of 60,933 shares or 11.3%. The value of this position stood at about $264.6 million. This move reflects a strategic adjustment in the fund's portfolio.
Other Institutional Activity in Applied Materials
In other institutional activity, BlackRock, Inc. increased its holdings in Applied Materials by 3,715,744 shares, bringing its total to 78,974,833 shares valued at around $26.99 billion. Vanguard Capital Management LLC added 51,577,799 shares, reaching a total of 51,577,799 shares valued at approximately $17.63 billion. State Street Corp trimmed its stake by 423,673 shares, ending with 37,506,950 shares worth about $12.82 billion. Meanwhile, Geode Capital Management, LLC boosted its holdings by 3,313,100 shares, totaling 21,921,798 shares valued at $7.48 billion.
Applied Materials, Inc. Stock Up 51.5%
Shares of Applied Materials, Inc. are trading near $552.50. The company has a market capitalization of approximately $450.37 billion and a P/E ratio of 53.46, with a forward P/E of 34.89. Its beta is 1.672, indicating higher volatility compared to the market. The stock's 52-week range is between $154.47 and $569.95, with a 50-day moving average of $427.21 and a 200-day moving average of $309.24.
$AMAT stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Applied Materials reported revenue of $29.02 billion, with a revenue growth rate of 11.4%. Its net margin stands at 29.31% and return on equity at 39.69%. The company posted an EPS of $10.61. The next earnings report is expected on August 13, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
20 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 5.9%. Revenue beat estimates by 12.9%.
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Profit surprise
EBITDA beat by 52 percent. Operating income beat by 24 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
20 target raises.
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Earnings quality
Gross margin up 0.8 points. Operating margin up 1.3 points. Positive free cash flow.
Earnings Call Summary
Applied Materials delivered record revenue of $7.91 billion this quarter driven by strong artificial intelligence infrastructure demand. The company sees its highest gross margin in over 25 years at 50 percent. Management highlighted that artificial intelligence is diversifying beyond training into new areas like agentic applications, which increases demand for memory and processors, and they expect continued strong growth into 2027 and beyond as customers build new factories.
Guidance Applied expects about $8.95 billion in revenue next quarter, up nearly 23 percent from last year. The company expects earnings per share of $3.36, up nearly 36 percent. Management raised its full-year equipment growth outlook to more than 30 percent as artificial intelligence demand accelerates and customers add production capacity.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
Applied Materials offers an annual dividend rate of $2.12, yielding 0.37% with a payout ratio of 17.31%.
Insider Buying and Selling at Applied Materials, Inc.
Recent insider activity includes Raja Prabu, President of Semiconductor Products Group, selling 50,000 shares on June 4, 2026, at an average price of $505.28. SVP and CFO Hill Brice sold 2,500 shares on June 3, 2026, at $498.86. Additionally, Judy Bruner sold 1,128 shares at $450.00 on May 26, 2026.
Analysts Set New Price Targets
On June 11, 2026, Barclays maintained a 'buy' rating with a price target of $590. UBS and Cantor Fitzgerald also maintained 'buy' ratings with targets of $570 and $650 respectively on June 10, 2026. The consensus among 36 analysts is a 'strong buy,' with a mean price target of $517.28.
About Applied Materials, Inc.
Applied Materials, Inc. is a leading provider of materials engineering solutions and equipment for the semiconductor industry. Headquartered in Santa Clara, California, the company operates globally, offering products and services that enhance the manufacturing of semiconductor wafers and chips. With a workforce of 36,400 employees, Applied Materials is led by CEO Gary E. Dickerson.
Bottom Line
Royal London Asset Management's reduction in its Applied Materials position is part of its strategic portfolio management. Investors often watch such moves for insights, though 13F filings are backward-looking and may not reflect current positions. Applied Materials continues to be a significant player in the semiconductor industry, drawing attention from both institutional investors and analysts.
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