Coatue Management 13F: Cuts AMAT Stake by $407M
Coatue Management has trimmed its holdings in Applied Materials, reflecting a strategic shift in its investment approach.
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Coatue Management sold 736,130 shares from its stake in Applied Materials, Inc. ($AMAT), a 12.30% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 5,248,202 shares worth $2.90 billion at the end of the quarter.
Since the filing, $AMAT is down 0.9% after 1 week, up 34.3% after 1 month and down 6.0% to date (from the $435.61 close on May 15, 2026).
Find the original: Coatue Management 13F filings on SEC EDGAR
AMAT
Applied Materials, Inc.
Key Points
- Coatue Management cut its position in Applied Materials by 736,130 shares, a 12.3% decrease, leaving it with 5,248,202 shares valued at approximately $2.9 billion as of May 15, 2026.
- The stock recently traded at $552.50, significantly above its 50-day moving average of $498.35, indicating strong market interest.
- Analysts remain positive on the stock, with a consensus rating of 'strong buy' and a mean price target of $640.89.
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Coatue Management Reduces Stake
Coatue Management has cut its stake in Applied Materials, Inc. (AMAT) by 736,130 shares, a 12.3% decrease, according to its latest Form 13F filing with the SEC. The filing reflects holdings as of May 15, 2026, and shows that Coatue now holds 5,248,202 shares valued at about $2.9 billion.
Other Funds Trimmed Positions Too
Coatue isn't alone in adjusting its position in Applied Materials. Kmg Fiduciary Partners also reduced its stake, reflecting a 15.97% decrease. Other significant holders have maintained their positions or made minor adjustments, indicating a cautious approach among institutional investors in the semiconductor sector.
How AMAT Stock Has Traded
Applied Materials shares are currently trading at $552.50, well above their 50-day moving average of $498.35. The stock's performance has been strong, especially considering it has ranged between $196.20 and $739.67 over the past year. This price action suggests that investors are closely monitoring the stock, especially following recent adjustments by large holders like Coatue.
Analysts Set New Price Targets
Analysts have shown confidence in Applied Materials, with Needham maintaining a 'Buy' rating and a price target of $580 on October 16, 2026. Evercore ISI Group also kept its 'Outperform' rating with a target of $590. Other firms, like RBC Capital and Morgan Stanley, have reiterated their positive outlooks. The consensus rating remains a 'strong buy' with a mean price target of $640.89, reflecting optimism about the company's growth potential.
What AMAT Does
Applied Materials, Inc. provides materials engineering solutions and equipment for the semiconductor industry. The company serves manufacturers of semiconductor wafers and chips, and its recent performance has attracted significant attention from institutional investors.
What's Ahead for AMAT
Investors will be watching for the next earnings report, scheduled for November 12, 2026. As always, the recent 13F filing reflects holdings as of the reporting period and may not represent the fund's current position. Further updates on institutional trades and analyst ratings will also be important to watch as the semiconductor market evolves.
Related Filing Alerts
Source: Coatue Management's 13F filing on $AMAT (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Coatue Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts