Intech Investment Management Adds $15M in Applied Materials, Inc. ($AMAT)
Intech Investment Management boosted its position in Applied Materials by 133.6% to 38,200 shares.
Key Points
- Intech Investment Management increased its stake in Applied Materials by 133.6%, adding 21,846 shares for a total of 38,200 shares valued at $21.1 million.
- Applied Materials has a market cap of about $450.4 billion, a P/E ratio of 53.46, and a 52-week high of $569.95.
- Recent analyst ratings maintain a strong buy consensus with a target mean price of $517.28.
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Intech Investment Management has significantly boosted its holdings in Applied Materials, Inc. (NasdaqGS: AMAT), according to its latest 13F filing with the SEC on May 8, 2026. The firm added 21,846 shares, increasing its stake by 133.6% to a total of 38,200 shares. This position is valued at approximately $21.1 million.
What Changed in Intech Investment Management's Applied Materials Position
Intech Investment Management's latest move involved increasing its shares in Applied Materials from 16,354 to 38,200, marking an addition of 21,846 shares. This change represents a 133.6% growth in their holdings, reflecting a strong commitment to the company.
Other Institutional Activity in Applied Materials
Several other major institutional investors have also adjusted their positions in Applied Materials. BlackRock, Inc. increased its holdings by 3,715,744 shares, bringing its total to 78,974,833 shares, valued at approximately $27 billion. Vanguard Capital Management LLC added a significant 51,577,799 shares, resulting in a total of 51,577,799 shares worth about $17.6 billion. Meanwhile, State Street Corp reduced its position by 423,673 shares, ending with 37,506,950 shares valued at $12.8 billion. Capital Research Global Investors also cut its holdings by 3,251,625 shares, now holding 29,455,424 shares worth $10.1 billion.
Applied Materials, Inc. Stock Up 51.5%
Shares of Applied Materials, Inc. (NasdaqGS: AMAT) are trading near $552.50. The company boasts a market capitalization of approximately $450.4 billion, with a P/E ratio of 53.46 and a forward P/E of 34.89. It has a beta of 1.672, indicating its volatility relative to the market. The stock's 52-week range spans from $154.47 to $569.95, with a 50-day moving average of $427.21 and a 200-day moving average of $309.24. Applied Materials maintains a strong liquidity position with a current ratio of 2.51 and a quick ratio of 1.62.
$AMAT stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its latest financial report, Applied Materials reported revenue of $29 billion, reflecting a growth of 11.4%. The company's net margin stands at 29.3%, with a return on equity of 39.7%. Earnings per share (EPS) were $10.61. The next earnings announcement is scheduled for 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, resulting in a yield of 0.37%. The company's dividend payout ratio is 17.31%, indicating a conservative approach to distributing profits back to shareholders.
Insider Buying and Selling at Applied Materials, Inc.
Recent insider transactions at Applied Materials include several sales. Raja Prabu, President of the Semiconductor Products Group, sold 50,000 shares on June 4, 2026, at an average price of $505.28. Hill Brice, SVP and CFO, sold 2,500 shares on June 3, 2026, at $498.86 each. Other notable sales include Judy Bruner's 1,128 shares on May 26, 2026, at $450, and Adam Sanders, Corporate Controller & CAO, who sold a combined 393 shares across two transactions in April and May 2026.
Analysts Set New Price Targets
Analysts remain bullish on Applied Materials. On June 11, 2026, Barclays maintained its buy rating with a $590 price target. UBS and Cantor Fitzgerald also kept their buy ratings, with targets of $570 and $650, respectively, on June 10, 2026. The consensus among analysts is a strong buy, with a mean target price of $517.28 based on 36 analyst opinions.
About Applied Materials, Inc.
Applied Materials, Inc. is a leading technology company based in Santa Clara, California. It provides materials engineering solutions and equipment for the semiconductor industry and related fields. The company operates through two main segments: Semiconductor Systems and Applied Global Services. With over 36,400 employees, Applied Materials serves a global market, including regions such as the United States, China, and Europe. Under the leadership of CEO Gary E. Dickerson, the company continues to innovate in semiconductor manufacturing processes and services.
Bottom Line
Intech Investment Management's substantial increase in its stake in Applied Materials underscores its confidence in the company's future prospects. As a 13F filing, this information reflects holdings as of the last reporting period and may not represent the current position. Investors and analysts alike continue to watch Applied Materials closely, given its significant role in the semiconductor industry and strong financial performance.
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