Eastern Bank Reduces Stock Position in Applied Materials, Inc.

The firm sold 3,543 shares of the manufacturing equipment provider's stock in the 4th quarter.

Mar. 29, 2026 at 8:18am

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Eastern Bank cut its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 3.2% in the 4th quarter, according to the company's most recent filing with the Securities and Exchange Commission. The firm owned 108,369 shares of the manufacturing equipment provider's stock after selling 3,543 shares during the period.

Why it matters

This filing provides insight into the investment decisions and portfolio adjustments of Eastern Bank, a major institutional investor, which can signal broader trends in the semiconductor manufacturing equipment industry and investor sentiment around Applied Materials' stock.

The details

According to the SEC filing, Eastern Bank's holdings in Applied Materials were valued at $27,850,000 as of the end of the 4th quarter. The firm's reduction in its position in AMAT stock by 3.2% suggests it may have reallocated capital to other investment opportunities or adjusted its exposure to the semiconductor equipment sector.

  • The filing covers Eastern Bank's holdings as of the end of the 4th quarter of the year.

The players

Eastern Bank

A major institutional investor that reduced its stock position in Applied Materials, Inc.

Applied Materials, Inc.

A leading manufacturer of semiconductor production equipment, headquartered in Santa Clara, California.

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The takeaway

This filing highlights the ongoing shifts in institutional investment strategies within the semiconductor equipment industry, as investors weigh factors like market conditions, company performance, and portfolio diversification when adjusting their holdings.