Royal London Asset Management 13F: Cuts AMAT Stake by $43M
Royal London Asset Management cut its position in Applied Materials, reducing shares by 60,933 to 478,933, valued at approximately $335 million.
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Royal London Asset Management sold 60,933 shares from its stake in Applied Materials, Inc. ($AMAT), an 11.29% decrease, according to a 13F filing with the SEC dated May 1, 2026. It reported 478,933 shares worth $334.96 million at the end of the quarter.
Since the filing, $AMAT is up 11.9% after 1 week, up 17.9% after 1 month and up 5.4% to date (from the $388.18 close on May 1, 2026).
Find the original: Royal London Asset Management 13F filings on SEC EDGAR
AMAT
Applied Materials, Inc.
Key Points
- Royal London Asset Management cut its stake in Applied Materials by 11.3%, selling 60,933 shares and leaving it with 478,933 shares valued at about $335 million.
- Applied Materials shares recently traded at $699.39, significantly above its 52-week low of $196.20 and close to its 52-week high of $739.67.
- Analysts maintain a strong outlook on Applied Materials, with a consensus rating of 'Buy' and a mean price target of $640.89.
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Royal London Asset Management Reduces Stake
Royal London Asset Management cut its position in Applied Materials, Inc. (AMAT) on May 1, 2026, according to its latest Form 13F filing. The firm sold 60,933 shares, reducing its total holdings from 539,866 shares to 478,933 shares. This cut represents an 11.3% decrease in its stake, leaving the value of its remaining shares at approximately $334.96 million.
Other Funds Adjusting Positions
While no other funds reported changes in their positions for Applied Materials this quarter, it's worth noting that Kmg Fiduciary Partners also trimmed its stake recently, reflecting a 15.97% decrease. This suggests a cautious sentiment among some investors regarding the semiconductor equipment sector.
Stock Performance and Market Context
Applied Materials shares are currently trading at $699.39, which is significantly higher than its 52-week low of $196.20. The stock has seen a strong performance, recently approaching its 52-week high of $739.67. This upward trend may reflect growing demand in the semiconductor industry, despite the recent cut from Royal London Asset Management.
Analysts Set New Price Targets
Analysts maintain a generally positive outlook on Applied Materials. On October 16, 2026, Needham maintained a 'Buy' rating with a price target of $580. Just a day earlier, Evercore ISI Group also kept its 'Outperform' rating, adjusting its target to $590 from $700. RBC Capital reiterated its 'Outperform' rating with a consistent target of $600. This consensus suggests that analysts remain optimistic about the company's future performance despite recent adjustments in holdings.
What Applied Materials, Inc. Does
Applied Materials, Inc. provides equipment, services, and software to the semiconductor and related industries. The company operates through two main segments: Semiconductor Systems and Applied Global Services. This recent adjustment by Royal London Asset Management highlights ongoing shifts in institutional sentiment in the technology sector.
What’s Next for Applied Materials
Investors will be watching for Applied Materials' next earnings report, scheduled for November 12, 2026. The recent 13F filing reflects past holdings as of the reporting period and may not represent the fund's current position. As the semiconductor market evolves, further adjustments from institutional investors could provide insight into future trends.
Related Filing Alerts
Source: Royal London Asset Management's 13F filing on $AMAT (May 1, 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: Royal London Asset Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts