Gotham Asset Management 13F: Adds $4.8M to AMAT Stake

Gotham Asset Management Grows Its Position

Gotham Asset Management lifted its holdings in Applied Materials, Inc. (NasdaqGS: AMAT) during the reporting period, according to a Form 13F filing filed with the Securities and Exchange Commission. The fund picked up an additional 8,653 shares, which worked out to a 5.7% increase from its prior count. That brought its total holding to 160,634 shares by the end of the window. At the market valuation of the period, that entire stake was worth about $88.8 million.

Applied Materials Shares Trade Above Key Averages

Shares of Applied Materials have seen plenty of movement, changing hands recently around $552.50. The stock has spent the last year riding between a low of $196.20 and a peak of $739.67. At current levels, the price sits well above both its 50-day moving average of $498.35 and its 200-day moving average of $417.26. The company trades with a price-to-earnings ratio of 40.0, alongside a lower forward P/E of 25.2 as analysts look ahead to future earnings.

Recent Financial Results and Profitability

Applied Materials posted strong operational numbers in its latest results, bringing in $30.8 billion in total revenue with a 24.8% growth rate. The chip equipment manufacturer converts that top-line strength into bottom-line profits, posting a net margin of 30.1% and a return on equity of 41.1%. The company operates across its Semiconductor Systems and Applied Global Services divisions, building essential tools used by microchip makers worldwide. Shareholders can look toward the next earnings update on November 12, 2026, for fresh details on the business.

Dividend Payments to Shareholders

Income-focused investors collect a steady payout from the company, which distributes an annual dividend of $2.12 per share. That payout translates to a dividend yield of 0.48% based on recent pricing. Applied Materials keeps its distribution conservative, using a payout ratio of 16.5% of its earnings to fund the dividend.

Wall Street Analyst Updates and Price Targets

Several research firms adjusted their outlooks on Applied Materials over recent months. On October 16, 2026, Needham maintained its buy rating on the stock while lowering its price target to $580.00 from $740.00. The day before, Evercore ISI Group kept an outperform rating while trimming its target from $700.00 to $590.00. Back on October 14, 2026, RBC Capital reiterated its outperform rating with a steady $600.00 target. Across the broader analyst community, the stock holds a strong buy consensus with a mean target of $640.89.

Looking Ahead After the Filing

Institutional filings like this one offer a backward-looking look at portfolio choices and may not capture a fund's current daily trades. Gotham Asset Management's move shows a steady willingness to back the semiconductor equipment provider as it navigates market demand. Investors will keep a close eye on upcoming earnings in November and further institutional disclosure forms for signs of how large asset managers adjust their semiconductor holdings moving forward.