Blackrock 13F: Adds $2.6B to Applied Materials (AMAT) Stake

BlackRock has increased its stake in Applied Materials, Inc. (NasdaqGS: AMAT) according to its latest 13F filing with the SEC. The investment giant added 3,715,744 shares, boosting its holdings by 4.9% to a total of 78,974,833 shares. This position is now valued at approximately $43.6 billion, as of the end of the reporting period.

What Changed in BlackRock's Applied Materials Position

BlackRock's recent filing reveals a substantial boost in its holdings of Applied Materials. The fund added about 3.7 million shares, growing its stake from 75,259,089 shares to 78,974,833 shares. This 4.9% increase reflects a strong confidence in the company's prospects, with the total value of the position reaching $43.6 billion.

Other Institutional Activity in Applied Materials

Several other major funds have also adjusted their positions in Applied Materials. Vanguard Capital Management LLC holds 51,577,799 shares valued at $17.6 billion. State Street Corp reduced its holdings by 423,673 shares, bringing its total to 37,506,950 shares worth $12.8 billion. Geode Capital Management, LLC increased its position by 3,313,100 shares, now owning 21,921,798 shares valued at $7.5 billion. Meanwhile, Capital Research Global Investors trimmed its stake by 3,251,625 shares, ending with 29,455,424 shares worth $10.1 billion.

Applied Materials, Inc. Stock Up 62.6%

Shares of Applied Materials (NasdaqGS: AMAT) are trading at around $552.5. The company has a market cap of $450.4 billion and a P/E ratio of 53.46. Its forward P/E is 34.89, with a beta of 1.672. The stock's 52-week range is between $154.47 and $569.95. The 50-day moving average stands at $427.21, while the 200-day moving average is $309.24. The company maintains a current ratio of 2.51 and a quick ratio of 1.62, with a debt-to-equity ratio of 30.40.

Recent Earnings

Applied Materials reported revenue of $29.02 billion, showing a growth of 11.4%. The company's net margin is 29.31%, and it achieved a return on equity of 39.69%. Earnings per share were noted at $10.61. The next earnings report is expected on August 13, 2026.

Dividend

Applied Materials offers a dividend rate of $2.12 per share, yielding 0.37%. The dividend payout ratio is 17.31%.

Insider Buying and Selling at Applied Materials, Inc.

Recent insider transactions show several sales. On June 4, 2026, Raja Prabu, President of the Semiconductor Products Group, sold 50,000 shares. On June 3, 2026, SVP and CFO Brice Hill sold 2,500 shares. Other sales include Judy Bruner selling 1,128 shares on May 26, 2026, and Adam Sanders, Corporate Controller & CAO, selling 268 shares on May 22, 2026.

Analysts Set New Price Targets

Analysts have recently reaffirmed their positive outlook on Applied Materials. On June 11, 2026, Barclays maintained a 'buy' rating with a $590 price target. UBS and Cantor Fitzgerald also kept their 'buy' ratings with targets of $570 and $650 respectively on June 10, 2026. The consensus among 36 analysts remains a 'strong buy', with a mean target price of $517.28.

About Applied Materials

Applied Materials, Inc. provides materials engineering solutions for the semiconductor industry. Headquartered in Santa Clara, California, the company offers equipment, services, and software to chipmakers worldwide. Led by CEO Gary E. Dickerson, Applied Materials operates through two main segments: Semiconductor Systems and Applied Global Services. With 36,400 employees, the company plays a key role in the manufacturing of semiconductor wafers and electronic devices.

Bottom Line

BlackRock's increased stake in Applied Materials underscores the fund's confidence in the company's future. While 13F filings are backward-looking, they offer insight into institutional sentiment. Investors often track these filings to gauge how major funds are positioning themselves in the market.