Amundi 13F: Adds $173M to Applied Materials (AMAT) Stake
Amundi added 312,789 shares of Applied Materials, Inc. to lift its total holding to over 6.5 million shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Amundi added 312,789 shares to its stake in Applied Materials, Inc. ($AMAT), a 5.01% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 6,561,331 shares worth $3.63 billion at the end of the quarter.
Since the filing, $AMAT is up 10.1% after 1 week, up 43.5% after 1 month and down 0.8% to date (from the $412.62 close on May 18, 2026).
AMAT
Applied Materials, Inc.
Key Points
- Amundi boosted its position in Applied Materials, Inc. (NasdaqGS: AMAT) by 5.0% during the period, adding 312,789 shares to bring its total holding to 6,561,331 shares.
- The institutional filing values Amundi's stake at roughly $3.62 billion, reflecting its positioning in the semiconductor equipment provider.
- Applied Materials trades near $552.50 with a P/E ratio of 40.0, backed by strong analyst support carrying a consensus strong buy rating and a mean target of $640.89.
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Amundi Expands Holdings in Applied Materials Stock
Institutional investor Amundi grew its position in Applied Materials, Inc. (NasdaqGS: AMAT) by buying 312,789 shares during the period. The addition amounted to a 5.0% increase, lifting the fund's total share count to 6,561,331 shares. According to the latest Form 13F filing with the SEC, the massive stake carried a reported value of about $3.62 billion.
Applied Materials Stock Performance and Market Position
Trading near $552.50 on Friday, Applied Materials shares sit well above their 200-day moving average of $417.26 and comfortably within a 52-week range spanning from $196.20 to $739.67. The semiconductor equipment maker carries a market capitalization of roughly $368.4 billion and a P/E ratio of 40.0. Because 13F filings look backward at past quarters, this snapshot captures Amundi's position during a period of strong historical momentum for the chip equipment sector.
Recent Earnings and Financial Health
Applied Materials reported solid financials with $30.8 billion in trailing revenue, representing a 24.8% growth rate. The company generated an earnings per share figure of $11.60 alongside a net margin of 30.1% and a robust return on equity of 41.1%. Investors are tracking the calendar toward the next earnings release scheduled for November 12, 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 Commitments
For income-focused shareholders, the company maintains a regular dividend payout. Applied Materials distributes an annual dividend rate of $2.12 per share, which translates to a dividend yield of 0.48%. The payout ratio sits at a modest 16.5%, leaving plenty of earnings retained to fund ongoing research and development in materials engineering solutions.
Wall Street Analyst Outlook
Wall Street firms remain mostly positive on the stock, which currently holds a consensus recommendation of strong buy across 35 analyst opinions. Recent moves include Needham maintaining a buy rating while adjusting its price target to $580 on October 16, 2026. Evercore ISI Group kept an outperform rating with a $590 target on October 15, 2026, and RBC Capital reiterated an outperform rating with a $600 target on October 14, 2026. The overall analyst community maintains a mean price target of $640.89.
Inside Applied Materials Operations
Headquartered in Santa Clara, California, Applied Materials provides essential materials engineering equipment, services, and software used to manufacture semiconductor chips and advanced electronic devices worldwide. The company operates core segments focused on semiconductor systems and global services to help chipmakers optimize factory productivity. This institutional accumulation by Amundi arrives as the firm continues to navigate robust global demand for advanced semiconductor manufacturing gear.
Related Filing Alerts
Source: Amundi's 13F filing on $AMAT (May 18, 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: Amundi 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts