AMF Tjanstepension 13F: New $3.4M Stake in AMAT
Key Points
- AMF Tjanstepension picked up a brand-new stake of 6,638 shares in Applied Materials, Inc. (NASDAQ:AMAT), valued at approximately $3.4 million according to an October 22, 2026 SEC filing.
- Applied Materials recently posted $30.8 billion in trailing twelve-month revenue alongside a net profit margin of 30.1% ahead of its upcoming earnings report.
- Wall Street maintains a strong buy consensus on the semiconductor equipment provider as market participants look toward the company's next earnings date on November 12, 2026.
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AMF Tjanstepension opened a new position in Applied Materials, Inc. (NASDAQ:AMAT) by acquiring 6,638 shares valued at approximately $3.4 million. The institutional investor disclosed the trade in a Form 13F filed with the SEC on October 22, 2026.
AMAT
Applied Materials, Inc.
What Changed in AMF Tjanstepension's Applied Materials Position
The fund established a fresh holding in the semiconductor equipment maker during the quarter, bringing its total count to 6,638 shares. Based on the market value reported in the filing, the new investment is worth about $3.4 million.
Other Institutional Activity in Applied Materials
Other major funds adjusted their own positions in the chip gear manufacturer during the same period. Livforsakringsbolaget Skandia, Omsesidigt reduced its holdings by 5,330 shares, ending with 70,237 shares worth about $35.9 million. Aspiriant closed out its entire position by shedding 3,319 shares down to zero. Carnegie Investment Counsel trimmed its stake by 3,613 shares, leaving it with 108,067 shares valued at roughly $55.3 million.
Applied Materials, Inc. Stock Up 1.7%
The stock recently traded around $412.03 as of October 22, 2026, sitting above its closing price of $375.58 on the filing date. Shares have traded between a 52-week low of $203.40 and a high of $739.67 over the past year.
Recent Earnings
Applied Materials posted trailing twelve-month revenue of $30.8 billion and earnings of $11.59 per share. The company achieved a return on equity of 41.1% and a net profit margin of 30.1%. Investors look toward the upcoming earnings release on November 12, 2026 for fresh updates on demand across its semiconductor systems and global services divisions.
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
The company pays an annual dividend rate of $2.12 per share, which translates to a dividend yield of 0.52% based on a payout ratio of 16.5%.
Insider Buying and Selling at Applied Materials, Inc.
Company insiders completed several transactions in recent months. Chief Executive Officer Gary E. Dickerson disposed of 78,321 shares on June 30, 2026. Chief Financial Officer Brice Hill sold 7,500 shares at an average price of $479.25 on August 25, 2026, for a total value of about $3.6 million. Director Judy Bruner sold 1,000 shares at $465.00 on September 8, 2026, totaling $465,000. Officer Adam Sanders sold 725 shares at $544.56 on October 2, 2026, worth roughly $394,807.
Analysts Set New Price Targets
Analyst firms adjusted their views on the stock through September and October. UBS maintained a buy rating on September 1, 2026, and raised its price target to $695.00. Morgan Stanley maintained an equal-weight rating while lowering its target to $563.00 on September 28, 2026. RBC Capital reiterated an outperform rating with a $600.00 target on October 14, 2026. Evercore ISI Group kept an outperform rating while moving its target to $590.00 on October 15, 2026. Needham maintained a buy rating and adjusted its target to $580.00 on October 16, 2026. Overall, the stock carries a consensus strong buy rating from 36 analysts with a mean price target of $627.83.
About Applied Materials
Headquartered in Santa Clara, California, Applied Materials builds the specialized equipment, software, and services used by microchip manufacturers worldwide. Its systems help fabricate semiconductors and flat-panel displays used in electronics, vehicles, and industrial machinery.
Bottom Line
AMF Tjanstepension's new position adds to the diverse mix of institutional flows surrounding the chip equipment provider. Market observers will watch the upcoming November 12 earnings report for clues on whether the company can meet analysts' growth expectations.
Related Filing Alerts
Source: AMF Tjanstepension's 13F filing on $AMAT (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts