Envestnet Portfolio Solutions Inc. Trims Holdings in Applied Materials, Inc. $AMAT

Posted by Francis Steltz on Sep 23rd, 2026

Envestnet Portfolio Solutions Inc. lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 27.6% in the second quarter, Holdings Channel reports. The institutional investor owned 62,962 shares of the manufacturing equipment provider’s stock after selling 24,026 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Applied Materials were worth $45,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in Applied Materials by 7.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,068,335 shares of the manufacturing equipment provider’s stock worth $715,458,000 after purchasing an additional 70,642 shares during the period. Andra AP fonden raised its holdings in shares of Applied Materials by 34.4% during the second quarter. Andra AP fonden now owns 126,229 shares of the manufacturing equipment provider’s stock worth $91,264,000 after purchasing an additional 32,340 shares during the period. State Street Corp raised its holdings in shares of Applied Materials by 85.4% during the second quarter. State Street Corp now owns 69,525,842 shares of the manufacturing equipment provider’s stock worth $50,267,184,000 after purchasing an additional 32,018,892 shares during the period. Twin Peaks Capital Ltd bought a new position in shares of Applied Materials in the 2nd quarter worth about $12,291,000. Finally, Reynders McVeigh Capital Management LLC lifted its position in shares of Applied Materials by 8.2% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 105,987 shares of the manufacturing equipment provider’s stock worth $76,629,000 after buying an additional 8,073 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $645.00 price objective on shares of Applied Materials in a research report on Monday, August 3rd. HC Wainwright set a $850.00 target price on shares of Applied Materials in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $605.00 target price on shares of Applied Materials in a research note on Friday, August 14th. Bank of America lowered their target price on Applied Materials from $720.00 to $650.00 and set a “buy” rating for the company in a report on Friday, August 14th. Finally, Weiss Ratings cut Applied Materials from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Applied Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $658.45.

Read Our Latest Stock Analysis on Applied Materials

Applied Materials Stock Performance

NASDAQ:AMAT traded up $1.92 during mid-day trading on Wednesday, hitting $474.38. The stock had a trading volume of 4,583,769 shares, compared to its average volume of 8,032,118. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $493.48 and a 200-day simple moving average of $467.79. The stock has a market capitalization of $376.47 billion, a price-to-earnings ratio of 40.89, a P/E/G ratio of 1.29 and a beta of 1.60. Applied Materials, Inc. has a 52 week low of $196.20 and a 52 week high of $739.67.

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

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, November 19th. Applied Materials’s dividend payout ratio (DPR) is currently 18.28%.

Key Stories Impacting Applied Materials

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 at Applied Materials

In other news, CFO Brice Hill sold 7,500 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total value of $3,594,375.00. Following the completion of the transaction, the chief financial officer owned 128,613 shares of the company’s stock, valued at approximately $61,637,780.25. This represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Judy Bruner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $465.00, for a total value of $465,000.00. Following the transaction, the director directly owned 25,544 shares in the company, valued at $11,877,960. This trade represents a 3.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 86,821 shares of company stock worth $59,609,471 in the last three months. 0.30% of the stock is owned by company 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.