Elevatus Welath Management Grows Position in Applied Materials, Inc. $AMAT

Key Points

• Elevatus Welath Management increased its stake in Applied Materials by 200.0% in Q3, ending the quarter with 5,013 shares worth about $1.03 million.
• Large institutional buying: Capital Research Global Investors raised its position by 225.4% to ~14.88M shares (~$3.05B), while Norges Bank and Sanders Capital opened new positions (~$1.60B and ~$1.41B), leaving institutions owning roughly 80.56% of the company.
• Strategic AI-memory partnerships and solid results: AMAT announced collaborations with SK hynix and Micron to develop next‑gen DRAM/HBM for AI and reported a Q1 EPS beat ($2.38 vs. $2.21) with revenue of $7.01B and Q2 EPS guidance of 2.440–2.840.

Elevatus Welath Management grew its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 200.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,013 shares of the manufacturing equipment provider's stock after acquiring 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 hedge funds and other institutional investors also recently modified their holdings of the company. Capital Research Global Investors raised its stake in 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 valued at $3,046,057,000 after purchasing an additional 10,305,182 shares in the last quarter. Norges Bank purchased a new position in Applied Materials in the 2nd quarter worth approximately $1,604,002,000. Sanders Capital LLC bought a new position in shares of Applied Materials in the 2nd quarter worth $1,409,320,000. Alliancebernstein L.P. increased its holdings in shares of 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 last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Applied Materials by 1,704.0% during the 3rd quarter. Pacer Advisors Inc. now owns 2,439,598 shares of the manufacturing equipment provider's stock valued at $499,483,000 after buying an additional 2,304,369 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Key Applied Materials News

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

Insider Activity at Applied Materials

In other Applied Materials news, CFO Brice Hill sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $361.21, for a total value of $1,806,050.00. Following the completion of the sale, the chief financial officer owned 138,565 shares in the company, valued at approximately $50,051,063.65. The trade was a 3.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Judy Bruner sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $391.71, for a total value of $979,275.00. Following the sale, the director directly owned 26,089 shares of the company's stock, valued at approximately $10,219,322.19. This trade represents a 8.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,003 shares of company stock worth $4,484,189 in the last ninety days. 0.30% of the stock is owned by company insiders.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $351.07 on Thursday. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.30. The stock has a market cap of $278.61 billion, a PE ratio of 35.93, a PEG ratio of 1.56 and a beta of 1.65. The company's fifty day moving average is $331.42 and its 200 day moving average is $260.02. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $395.95.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMAT. Summit Insights raised shares of Applied Materials from a "hold" rating to a "buy" rating in a report on Friday, February 13th. Royal Bank Of Canada set a $430.00 price target on Applied Materials in a research report on Friday, February 13th. Erste Group Bank began coverage on Applied Materials in a research note on Thursday, March 5th. They set a "hold" rating for the company. KGI Securities upgraded Applied Materials to an "outperform" rating and set a $425.00 price objective for the company in a report on Friday, February 13th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $470.00 price objective on shares of Applied Materials in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $363.46.

Applied Materials Company Profile

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.

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