Gotham Asset Management Adds $5M in Applied Materials, Inc. ($AMAT)
Gotham Asset Management boosted its investment in Applied Materials by 5.7%, adding 8,653 shares.
Key Points
- Gotham Asset Management increased its stake in Applied Materials by 5.7%, adding 8,653 shares for a total of 160,634 shares worth $88.8 million.
- Shares of Applied Materials traded at $552.5, with a market cap of $450.4 billion and a P/E ratio of 53.46.
- Analysts maintain a strong buy consensus on Applied Materials, with a mean price target of $517.28 from 36 opinions.
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Gotham Asset Management has increased its stake in Applied Materials, Inc. (NasdaqGS: AMAT) by adding 8,653 shares. This move, reported in a recent filing with the SEC, brings the firm's total holdings to 160,634 shares, marking a 5.7% increase. The value of this position is approximately $88.8 million as of the end of the reporting period.
What Changed in Gotham Asset Management's Applied Materials Position
Gotham Asset Management's latest filing reveals a boost in its investment in Applied Materials. The firm added 8,653 shares to its portfolio, growing its stake by 5.7% to a total of 160,634 shares. This increased position is valued at about $88.8 million.
Other Institutional Activity in Applied Materials
Several other major funds have also adjusted their positions in Applied Materials. BlackRock, Inc. increased its holdings by 3,715,744 shares, ending with 78,974,833 shares valued at approximately $26.99 billion. Vanguard Capital Management LLC made a significant addition, reaching 51,577,799 shares worth $17.63 billion. Meanwhile, State Street Corp trimmed its position by 423,673 shares, holding 37,506,950 shares valued at $12.82 billion. Capital Research Global Investors reduced its stake by 3,251,625 shares, leaving it with 29,455,424 shares worth $10.07 billion. Geode Capital Management, LLC added 3,313,100 shares, bringing its total to 21,921,798 shares valued at $7.48 billion.
Applied Materials, Inc. Stock Up 19.7%
Shares of Applied Materials traded around $552.5. The company boasts a market cap of $450.4 billion, with a P/E ratio of 53.46 and a forward P/E of 34.89. Its beta stands at 1.672, indicating volatility higher than the market average. The stock has seen a 52-week low of $154.47 and a high of $569.92. It maintains a 50-day moving average of $422.94 and a 200-day moving average of $307.22.
$AMAT stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Applied Materials reported revenue of $29.02 billion, with a revenue growth rate of 11.4%. The company achieved an earnings per share (EPS) of $10.61. It has a net margin of 29.31% and a return on equity (ROE) of 39.69%. The next earnings report is expected on August 13, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
20 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 5.9%. Revenue beat estimates by 12.9%.
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Profit surprise
EBITDA beat by 52 percent. Operating income beat by 24 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
20 target raises.
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Earnings quality
Gross margin up 0.8 points. Operating margin up 1.3 points. Positive free cash flow.
Earnings Call Summary
Applied Materials delivered record revenue of $7.91 billion this quarter driven by strong artificial intelligence infrastructure demand. The company sees its highest gross margin in over 25 years at 50 percent. Management highlighted that artificial intelligence is diversifying beyond training into new areas like agentic applications, which increases demand for memory and processors, and they expect continued strong growth into 2027 and beyond as customers build new factories.
Guidance Applied expects about $8.95 billion in revenue next quarter, up nearly 23 percent from last year. The company expects earnings per share of $3.36, up nearly 36 percent. Management raised its full-year equipment growth outlook to more than 30 percent as artificial intelligence demand accelerates and customers add production capacity.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
Applied Materials offers an annual dividend rate of $2.12, yielding 0.38%. The dividend payout ratio is 17.31%.
Insider Buying and Selling at Applied Materials, Inc.
Recently, several insiders have sold shares of Applied Materials. On June 4, 2026, Raja Prabu, President of the Semiconductor Products Group, sold 50,000 shares at an average price of $505.28. On June 3, 2026, SVP and CFO Brice Hill sold 2,500 shares at $498.86. Other notable sales include Judy Bruner, who sold 1,128 shares on May 26, 2026, and Adam Sanders, Corporate Controller & CAO, who sold shares on multiple occasions.
Analysts Set New Price Targets
Several analysts have recently maintained their ratings on Applied Materials. On June 11, 2026, Barclays kept a 'buy' rating with a price target of $590. UBS, on June 10, maintained its 'buy' rating with a target of $570. Cantor Fitzgerald also retained a 'buy' with a target of $650. The consensus among 36 analysts is a strong buy, with a mean price target of $517.28.
About Applied Materials
Applied Materials, Inc. provides materials engineering solutions and related services to the semiconductor industry globally. Based in Santa Clara, California, the company operates in the Semiconductor Systems and Applied Global Services segments. It offers equipment and software solutions to optimize the manufacturing of semiconductor wafers and chips. Led by CEO Gary E. Dickerson, the company employs about 36,400 people.
Bottom Line
Gotham Asset Management's increased stake in Applied Materials suggests a positive outlook on the company's future. Investors often track such filings to gauge institutional sentiment, though it's important to remember these positions reflect past holdings and might not indicate current views. Applied Materials remains a strong player in the semiconductor equipment sector, with robust analyst support.
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