UniSuper Management 13F: Cuts AMAT Stake by $40M
Key Points
- In its latest filing, UniSuper Management cut its position in Applied Materials by 78,531 shares, bringing its total holdings to 412,651 shares worth about $2.1 billion.
- After this adjustment, Applied Materials represents 1.84% of UniSuper's total reported value of approximately $11.49 billion.
- As of October 27, 2026, AMAT shares were recently trading around $387.59, which is about equal to the closing price on the filing date.
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UniSuper Management cut its position in Applied Materials, Inc. (AMAT) by 78,531 shares in a filing on October 26, 2026.
AMAT
Applied Materials, Inc.
Where Applied Materials Fits in UniSuper Management's Portfolio
This reduction represents a 15.99% decrease in their stake. Applied Materials now constitutes 1.84% of UniSuper's overall portfolio, ranking 12th among its 636 positions.
Other Institutional Activity in Applied Materials
EULAV Asset Management sold its entire position in Applied Materials, reducing its holdings by 4,927 shares. This sale occurred in a filing on October 23, 2026, indicating a complete exit from the stock.
Applied Materials, Inc. Stock Up 3.2%
As of October 27, 2026, Applied Materials shares were trading at about $387.59, which is equal to the closing price from the filing date. The stock is currently below its 50-day moving average by 17.3% and below its 200-day moving average by 12.3%. Compared to the 52-week high of $739.67, the shares are down about 47.6%.
Recent Earnings
Applied Materials reported trailing twelve-month revenue of approximately $30.8 billion with an earnings per share (EPS) of $11.59. The next earnings report is 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
Applied Materials pays an annual dividend of $2.12 per share, which translates to a yield of 0.56%.
Insider Buying and Selling at Applied Materials, Inc.
Recently, several insiders sold shares of Applied Materials. CEO Gary E. Dickerson sold 78,321 shares on June 30, 2026, valued at approximately $55.6 million. CFO Brice Hill sold 7,500 shares at an average price of $479.25 on August 25, 2026, amounting to 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, valued at around $394,807.
Analysts Set New Price Targets
On September 1, 2026, UBS maintained a Buy rating on Applied Materials with a price target of $695. Morgan Stanley also maintained its Equal-Weight rating with a target of $563 on September 28, 2026. RBC Capital reiterated its Outperform rating with a target of $600 on October 14, 2026, while Evercore ISI Group maintained an Outperform rating with a target of $590 on October 15, 2026. Needham also maintained a Buy rating with a target of $580 on October 16, 2026. The consensus among analysts gives Applied Materials a strong Buy rating with a mean price target of $627.83.
About Applied Materials
Applied Materials, Inc. provides equipment and services for the semiconductor and related industries. Its solutions are critical for producing advanced chips used in numerous electronic devices. This reduction in stake by UniSuper Management comes as the company continues to navigate a challenging semiconductor market.
Bottom Line
Investors should keep an eye on the upcoming earnings report on November 12, 2026, and any further institutional activity in Applied Materials as the market evolves. The recent changes in insider holdings may also offer insights into management's outlook on the company's future.
Related Filing Alerts
Source: UniSuper Management's 13F filing on $AMAT (Oct 26, 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