Livforsakringsbolaget Skandia, Omsesidigt 13F: Cuts AMAT Stake by $2.7M

Livforsakringsbolaget Skandia reduced its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 5,330 shares during the quarter, according to a Form 13F filing filed on October 21, 2026. The fund owned 75,567 shares previously and finished the period with 70,237 shares. The remaining stake had a reported value of $35,917,797 based on the filing date valuation. That adjustment marked a 7.1% decrease in the fund's position for the semiconductor equipment maker. Applied Materials closed at $408.94 on the day of the filing.## What Changed in Livforsakringsbolaget Skandia's Applied Materials Position

The institutional investor pared back its exposure to Applied Materials by dropping 5,330 shares from its holdings. The move left the fund with 70,237 shares at the close of the period, down from 75,567 shares in the prior quarter. The final stake was valued at roughly $35.9 million.

AMAT Applied Materials, Inc.

$408.94 ▲ +52.64% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Other Institutional Activity in Applied Materials

Other large funds also adjusted their positions in Applied Materials during the same reporting window. Curated Wealth Partners trimmed its holdings heavily by 364,674 shares, ending with 2,077 shares worth about $1.06 million. Carnegie Investment Counsel dropped 3,613 shares to hold 108,067 shares valued at approximately $55.26 million. Aspiriant exited its position completely by selling off all 3,319 of its shares. Kmg Fiduciary Partners shed 1,508 shares to finish with 7,934 shares worth about $4.06 million. Meanwhile, Generate Investment Management grew its holdings by 76,812 shares, ending with 93,087 shares valued at about $47.60 million.

Applied Materials, Inc. Stock Up 1.7%

Applied Materials shares recently changed hands at $412.03. That price sits below the 50-day moving average of $475.02 and underneath the 200-day moving average of $441.11. The stock trades well below its 52-week high of $739.67 while staying comfortably above its 52-week low of $203.40. Wall Street analysts maintain a mean price target of $627.83 for the semiconductor equipment provider.

Recent Earnings

Applied Materials posted trailing-twelve-month revenue of $30.84 billion and basic earnings per share of $11.59. The company generated a net profit margin of 30.1% and a return on equity of 41.1%. Its year-over-year revenue growth reached 24.8%. The next financial report is scheduled for release on November 12, 2026.

Dividend

The company pays an annual dividend rate of $2.12 per share, translating to a dividend yield of 0.52%. That payout uses 16.5% of the firm's earnings.

Insider Buying and Selling at Applied Materials, Inc.

Company insiders executed several stock sales prior to the filing date. Chief Executive Officer Gary E. Dickerson disposed of 78,321 shares for a total value of $55,550,320. Chief Financial Officer Brice Hill sold 7,500 shares at $479.25 apiece for a total of $3,594,376. Director Judy Bruner parted with 1,000 shares at $465.00 each, totaling $465,000. Officer Adam Sanders sold 725 shares at $544.56 per share for a value of $394,807.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. UBS maintained its Buy rating while raising its price target from $675.00 to $695.00 on September 1, 2026. Morgan Stanley kept an Equal-Weight rating and lowered its target from $642.00 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 on October 15, 2026, while moving its target from $700.00 to $590.00. Needham kept a Buy rating on October 16, 2026, while adjusting its target from $740.00 to $580.00. The stock carries a consensus recommendation of Strong Buy across 36 analyst opinions.

About Applied Materials

Applied Materials, Inc. builds materials engineering solutions, equipment, and software used to manufacture semiconductors and related technology. The company operates through its Semiconductor Systems and Applied Global Services divisions, serving chipmakers across the United States, Asia, and Europe.

Bottom Line

Investors will look toward the company's upcoming earnings release on November 12, 2026, for fresh details on operational performance. Institutional filing updates will continue to show how major asset managers adjust their exposure to the semiconductor equipment sector.