Envestnet Asset Management Inc. Increases Stock Position in Applied Materials, Inc. $AMAT

Posted by Francis Steltz on Sep 23rd, 2026

Envestnet Asset Management Inc. grew its holdings in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,068,335 shares of the manufacturing equipment provider’s stock after purchasing an additional 70,642 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Applied Materials were worth $715,458,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMAT. JFS Wealth Advisors LLC lifted its stake in Applied Materials by 4.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider’s stock valued at $296,000 after buying an additional 17 shares in the last quarter. Innovative Asset Advisors Group LLC grew its holdings in Applied Materials by 2.1% during the 2nd quarter. Innovative Asset Advisors Group LLC now owns 961 shares of the manufacturing equipment provider’s stock valued at $695,000 after buying an additional 20 shares during the last quarter. Stonebridge Financial Group LLC increased its position in Applied Materials by 2.1% during the second quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider’s stock worth $725,000 after buying an additional 21 shares in the last quarter. N.E.W. Advisory Services LLC raised its holdings in shares of Applied Materials by 5.9% in the second quarter. N.E.W. Advisory Services LLC now owns 377 shares of the manufacturing equipment provider’s stock worth $273,000 after acquiring an additional 21 shares during the last quarter. Finally, IMG Wealth Management Inc. raised its holdings in shares of Applied Materials by 13.0% in the second quarter. IMG Wealth Management Inc. now owns 183 shares of the manufacturing equipment provider’s stock worth $132,000 after acquiring an additional 21 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMAT has been the topic of several recent research reports. Sanford C. Bernstein upped their price objective on Applied Materials from $675.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Mizuho cut their target price on shares of Applied Materials from $650.00 to $590.00 and set an “outperform” rating for the company in a research note on Tuesday, August 25th. Citigroup reissued a “buy” rating on shares of Applied Materials in a research note on Monday, August 3rd. Morgan Stanley reduced their target price on shares of Applied Materials from $646.00 to $642.00 and set an “equal weight” rating on the stock in a report on Friday, August 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Applied Materials in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $658.45.

View Our Latest Stock Analysis on AMAT

Applied Materials Trading Up 0.4%

Shares of AMAT stock traded up $1.92 during mid-day trading on Wednesday, hitting $474.38. 4,583,769 shares of the company’s stock were exchanged, compared to its average volume of 8,032,118. Applied Materials, Inc. has a fifty-two week low of $196.20 and a fifty-two week high of $739.67. The stock has a 50-day simple moving average of $493.48 and a two-hundred day simple moving average of $467.79. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. The stock has a market cap of $376.47 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 1.29 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT – Get Free Report) last released its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The firm had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the firm posted $2.48 earnings per share. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities analysts expect that Applied Materials, Inc. will post 12.78 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.4%. Applied Materials’s dividend payout ratio is currently 18.28%.

Applied Materials News Summary

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

Positive Sentiment: Bank of America reportedly raised its semiconductor-equipment spending outlook as demand accelerates for AI chips, memory and advanced packaging. Applied Materials is positioned to benefit from increased spending by chip manufacturers. 3 Top Chip Equipment Stocks to Buy as AI Demand Fuels BofA Optimism
Positive Sentiment: Analyst commentary remains constructive, including a reported rating upgrade and optimism from Wall Street analysts. This may reinforce the view that AMAT’s recent weakness offers a buying opportunity. Applied Materials: Opportunity Is Brewing Again (Rating Upgrade) Wall Street Bulls Look Optimistic About Applied Materials
Positive Sentiment: Applied Materials and Lam Research are highlighted as “picks-and-shovels” beneficiaries of AI because their equipment is required to manufacture advanced chips. A new ETF focused on AI-chipmaking machinery could also increase visibility and investor interest in the group. Nvidia and AMD Get the Headlines. The Real AI Winners Might Be Applied Materials and Lam Research New ETF Bets on the Machinery Behind AI Chipmaking
Positive Sentiment: The company’s planned $5 billion, decade-long investment in India expands its research, supply-chain and workforce presence in a market seeking to build a domestic semiconductor industry. The move could create longer-term growth opportunities. Applied Materials Commits $5 Billion to India as Chip Manufacturing Expands
Neutral Sentiment: Options pricing implies a wide potential trading range for AMAT over the next year, reflecting substantial uncertainty but not signaling a particular direction. How Far Can Applied Materials Stock Move On You In A Year?
Negative Sentiment: Despite strong momentum and AI exposure, some commentary warns that the semiconductor-equipment cycle could turn lower. AMAT’s premium valuation makes the stock vulnerable if factory spending or growth expectations weaken. Its services business, including Applied Global Services, provides some diversification and recently grew strongly. Applied Materials: Momentum Says Up; The Cycle Says Down What Are AMAT Stock Bears Missing?

Insider Activity

In other news, CEO Gary E. Dickerson sold 58,321 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $700.36, for a total transaction of $40,845,695.56. Following the transaction, the chief executive officer directly owned 1,619,843 shares in the company, valued at $1,134,473,243.48. This represents a 3.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Judy Bruner sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total transaction of $465,000.00. Following the completion of the sale, the director directly owned 25,544 shares in the company, valued at $11,877,960. This represents a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 86,821 shares of company stock valued at $59,609,471 in the last 90 days. 0.30% of the stock is currently owned by insiders.

About Applied Materials

(Free Report)

Applied Materials, Inc is a global provider of materials engineering solutions used to manufacture semiconductors, displays and other advanced electronic products. The company develops and supplies equipment, services and software that help customers build and improve the performance of chips and display panels.

Its semiconductor products support processes including deposition, etch, patterning, inspection, metrology and materials modification. Applied Materials also provides equipment and services for display manufacturing, including technologies used in producing liquid-crystal and organic light-emitting diode displays, as well as solutions for adjacent markets such as solar and other specialty applications.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers worldwide through operations, customer-support centers and research and development activities across major technology-producing regions.