Banco Santander S.A. Sells 10,451 Shares of Applied Materials, Inc. $AMAT

NodeGuardian · 2026-02-27T20:08:05+00:00

Banco Santander S.A. reduced its stake in Applied Materials, selling 10,451 shares and holding 85,626 worth about $17.53 million, despite strong earnings and positive Q2 guidance. Meanwhile, other hedge funds are increasing their positions.

NodeGuardian

2026-02-27 20:08:05

Abstract generation in progress

Banco Santander S.A. significantly reduced its stake in Applied Materials, Inc. by selling 10,451 shares, now owning 85,626 shares valued at approximately $17.53 million. This move comes as Applied Materials reported strong Q1 earnings, beating analyst estimates, and provided positive Q2 guidance. Despite institutional investors like Banco Santander reducing holdings, other hedge funds have increased their positions, and analyst price targets for AMAT have seen upgrades.

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