Amundi 13F: Adds $219M to Applied Materials (AMAT) Stake
Amundi has boosted its position in Applied Materials, increasing its stake to over 6.5 million shares.
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Amundi added 312,789 shares to its stake in Applied Materials, Inc. ($AMAT), a 5.01% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 6,561,331 shares worth $4.59 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, adding 312,789 shares, bringing its total to 6,561,331 shares valued at approximately $4.59 billion.
- The stock recently closed at $699.39, just below its 52-week high of $739.67, reflecting strong market interest in the semiconductor sector.
- Analysts maintain a consensus strong buy rating for Applied Materials, with a mean price target of $640.89 from 35 analysts.
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Amundi Increases Stake in Applied Materials
Amundi has boosted its stake in Applied Materials, Inc. (AMAT) by adding 312,789 shares, increasing its total holdings to 6,561,331 shares. This change reflects a 5.0% increase and values the position at about $4.59 billion, based on the latest Form 13F filing with the SEC, which reflects holdings as of May 18, 2026.
Why Amundi's Move Matters
With this increase, Amundi continues to show confidence in Applied Materials, which provides materials engineering solutions and equipment for the semiconductor industry. The fund's holdings grew from 6,248,542 shares to 6,561,331 shares, signaling ongoing support for the company amid its strong performance in the tech sector.
Institutional Activity in Applied Materials
No other funds reported changes in their positions in Applied Materials during this filing period. However, it's notable that Amundi's recent increase comes at a time when the semiconductor equipment market is gaining attention, driven by rising demand for chips and electronic devices.
How Applied Materials, Inc. Stock Has Traded
The stock closed at $699.39 at the time of publication, which is close to its 52-week high of $739.67. This suggests strong investor interest, especially as the company has been performing well in a competitive sector. The stock has shown a significant increase from its 52-week low of $196.20, indicating a positive trend.
Analysts Set New Price Targets
On October 16, 2026, Needham maintained a Buy rating on Applied Materials with a price target of $580. The day before, Evercore ISI Group also maintained an Outperform rating with a target of $590. RBC Capital reiterated its Outperform rating with a $600 target on October 14, 2026. Other firms like Morgan Stanley and UBS have also provided ratings, reflecting a consensus strong buy with a mean target of $640.89 from 35 analysts.
What Applied Materials, Inc. Does
Applied Materials, Inc. specializes in providing equipment and services for the semiconductor industry. The company operates through segments that focus on semiconductor systems and global services, helping manufacturers optimize performance and productivity.
What to Watch at Applied Materials, Inc.
Investors should keep an eye on Applied Materials' next earnings report, scheduled for November 12, 2026. The recent 13F filing provides a snapshot of Amundi's holdings, but it may not represent their current position. Analysts continue to show strong support for the company, indicating a positive outlook for the future.
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