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Legal & General Group Plc Increases Stake in Applied Materials
Institutional investor boosts holding in semiconductor equipment manufacturer
Published on Mar. 10, 2026
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Legal & General Group Plc, a major institutional investor, increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.7% during the 3rd quarter, according to a recent SEC filing. The fund now owns 6,537,367 shares of the manufacturing equipment provider's stock, representing about 0.82% of the company's total outstanding shares.
Why it matters
Applied Materials is a leading supplier of semiconductor manufacturing equipment, so changes in major institutional investors' holdings can provide insights into market sentiment and expectations for the company's performance. Legal & General Group's increased stake suggests confidence in Applied Materials' growth prospects.
The details
According to the SEC filing, Legal & General Group acquired an additional 48,575 shares of Applied Materials during the 3rd quarter, bringing its total position to 6,537,367 shares. This represents about 0.7% growth in the fund's holding of the stock. Applied Materials is a key supplier of equipment and software used in the production of integrated circuits, display panels, and other advanced materials across the electronics supply chain.
- Legal & General Group Plc increased its position in Applied Materials during the 3rd quarter of 2026.
The players
Legal & General Group Plc
A major institutional investor and asset management firm based in the United Kingdom.
Applied Materials, Inc.
A leading supplier of semiconductor manufacturing equipment, headquartered in Santa Clara, California.
The takeaway
Legal & General Group's increased stake in Applied Materials reflects ongoing institutional investor confidence in the semiconductor equipment maker's growth potential, despite broader market volatility. As a key supplier to the electronics industry, Applied Materials' performance is closely watched by investors.
