American Century Companies Trims Stake in Applied Materials

Institutional investor reduces position in semiconductor equipment manufacturer

Feb. 28, 2026 at 8:23am

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American Century Companies Inc. has reduced its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 29.5% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 3,020,823 shares of the manufacturing equipment provider's stock, down from 4,285,879 shares previously.

Why it matters

Applied Materials is a major supplier of equipment and software used in the production of semiconductors, display panels, and other advanced materials. Changes in ownership by large institutional investors can signal shifts in market sentiment and future performance expectations for the company.

The details

American Century Companies sold 1,265,056 shares of Applied Materials during the third quarter, reducing its position to 3,020,823 shares. The firm now owns about 0.38% of Applied Materials' outstanding stock, down from 0.54% previously. The sale was disclosed in a 13F filing with the SEC.

  • The share sale occurred in the third quarter of 2026.

The players

American Century Companies Inc.

A U.S.-based investment management firm that owns stakes in various public companies.

Applied Materials, Inc.

A leading manufacturer of semiconductor production equipment and related software and services.

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The takeaway

This transaction indicates that one major institutional investor has reduced its exposure to Applied Materials, potentially signaling a shift in market sentiment around the semiconductor equipment maker. However, Applied Materials remains a significant holding for American Century Companies, suggesting the firm still sees long-term value in the company.