Elevatus Welath Management Purchases 3,342 Shares of Applied Materials, Inc. $AMAT

Elevatus Welath Management raised its position in Applied Materials, Inc. (NASDAQ:AMAT) by 200.0% during the third quarter, Holdings Channel.com reports. The fund owned 5,013 shares of the manufacturing equipment provider’s stock after purchasing an additional 3,342 shares during the quarter. Elevatus Welath Management’s holdings in Applied Materials were worth $1,026,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Capital Research Global Investors grew its stake in shares of Applied Materials by 225.4% in the third quarter. Capital Research Global Investors now owns 14,877,672 shares of the manufacturing equipment provider’s stock worth $3,046,057,000 after purchasing an additional 10,305,182 shares during the last quarter. Norges Bank bought a new position in Applied Materials during the 2nd quarter valued at approximately $1,604,002,000. Sanders Capital LLC purchased a new stake in Applied Materials in the 2nd quarter worth approximately $1,409,320,000. Alliancebernstein L.P. lifted its holdings in Applied Materials by 72.5% in the 2nd quarter. Alliancebernstein L.P. now owns 13,564,120 shares of the manufacturing equipment provider’s stock worth $2,483,183,000 after buying an additional 5,700,349 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of Applied Materials by 1,704.0% in the 3rd quarter. Pacer Advisors Inc. now owns 2,439,598 shares of the manufacturing equipment provider’s stock worth $499,483,000 after buying an additional 2,304,369 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMAT shares. B. Riley Financial reissued a “buy” rating and set a $450.00 target price (up from $400.00) on shares of Applied Materials in a research note on Friday, February 13th. Citigroup lifted their price target on shares of Applied Materials from $400.00 to $420.00 and gave the company a “buy” rating in a report on Friday, February 13th. BNP Paribas Exane raised shares of Applied Materials to a “hold” rating in a research report on Monday, November 17th. The Goldman Sachs Group upped their price objective on shares of Applied Materials from $310.00 to $390.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Summit Insights raised shares of Applied Materials from a “hold” rating to a “buy” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and an average target price of $363.46.

Insider Buying and Selling

In related news, Director Judy Bruner sold 3,969 shares of Applied Materials stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $377.02, for a total transaction of $1,496,392.38. Following the completion of the transaction, the director directly owned 28,589 shares of the company’s stock, valued at $10,778,624.78. This trade represents a 12.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Adam Sanders sold 534 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $379.16, for a total transaction of $202,471.44. Following the transaction, the chief accounting officer directly owned 4,625 shares of the company’s stock, valued at $1,753,615. This represents a 10.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,003 shares of company stock worth $4,484,189 in the last three months. 0.30% of the stock is owned by corporate insiders.

Applied Materials Trading Up 1.5%

NASDAQ AMAT opened at $351.07 on Thursday. The firm has a market capitalization of $278.61 billion, a PE ratio of 35.93, a P/E/G ratio of 1.56 and a beta of 1.65. The stock’s 50 day moving average is $331.42 and its 200 day moving average is $260.02. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $395.95. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.30.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, February 12th. The manufacturing equipment provider reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.17. Applied Materials had a return on equity of 37.52% and a net margin of 27.78%.The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the prior year, the company earned $2.38 earnings per share. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. Research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Key Headlines Impacting Applied Materials

Here are the key news stories impacting Applied Materials this week:

• Positive Sentiment: Long‑term partnership with SK hynix to co‑develop advanced DRAM and high‑bandwidth memory (HBM), with engineers collaborating at Applied’s EPIC Center to accelerate AI memory innovation. Applied Materials and SK Hynix partner for next‑gen AI memory development
• Positive Sentiment: Partnership with Micron to develop next‑generation DRAM, HBM and NAND for energy‑efficient AI systems — market coverage reports and trade commentary show investors treating this as a strategic win for AMAT’s equipment and services revenue. Applied Materials and Micron Partner To Advance U.S. Innovation in Next‑Generation AI Memory Solutions
• Positive Sentiment: Sector commentary and trade notes highlight AMAT as a beneficiary of the AI hardware cycle — outlets and analysts point to AMAT and Micron as winners within the AI trade, supporting near‑term investor demand. AMAT and Micron still winning in AI trade despite QQQ and sector weakness
• Neutral Sentiment: Research roundup notes AMAT riding a semiconductor rebound but flags rising risks — this provides context for upside while warning of cyclicality. Top Research Reports for JPMorgan, Johnson & Johnson & Applied Materials
• Neutral Sentiment: Reported short‑interest data in recent feeds shows effectively zero reported short interest (likely a reporting/data artifact), so short‑squeeze risk appears minimal based on available numbers.
• Negative Sentiment: Erste Group initiated coverage with a Hold rating, which may temper upside from the partnership headlines for some institutional holders. Erste Group Initiated Applied Materials, Inc. (AMAT) With a Hold Rating – Here’s Why
• Negative Sentiment: Despite strong free cash flow (Q1 FCF noted), coverage highlighted a recent pullback from highs — reminders of semicon cyclicality and profit‑taking could weigh on near‑term performance. Applied Materials Q1 2026 Free Cash Flow Hit $1.04 Billion, So Why Is the Stock Sliding

About Applied Materials

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.