Schonfeld Strategic Advisors 13F: Cuts AMAT Stake by $144M

Schonfeld Strategic Advisors trimmed its holdings in Applied Materials, Inc. (NasdaqGS: AMAT) during the period, cutting its stake by 49.8% according to a recent Form 13F filing with the SEC. Because 13F filings look backward at past quarters, this report shows the fund's position as of May 15, 2026, and may not reflect its current holdings today. Schonfeld is known for running a quantitative and multi-manager trading strategy, meaning its positions often shift quickly based on short-term models rather than long-term buy-and-hold views.

Schonfeld Reduces Its Position Size

The fund sold off 206,002 shares during the period, bringing its total down to 207,380 shares. That left Schonfeld with a stake valued at about $145.0 million. Even after cutting the position in half, the remaining shares represent a notable investment for the quantitative shop in the semiconductor equipment provider.

Applied Materials Stock Trades Near Higher Ranges

Shares of Applied Materials trade around $699.39, sitting well above their 200-day moving average of $417.26. The stock has experienced a strong run over the past year, trading in a 52-week range between $196.20 and $739.67. With a forward P/E ratio of 25.16, the company trades at a higher multiple as demand for chip-making gear remains strong.

Wall Street Analysts Adjust Price Targets

Wall Street firms have continued to update their views on the chip equipment maker alongside recent institutional shifts. On October 16, 2026, Needham maintained its Buy rating on the stock while lowering its price target from $740.00 to $580.00. A day earlier, on October 15, 2026, Evercore ISI Group kept an Outperform rating while reducing its target from $700.00 to $590.00. Earlier in the fall, on September 28, 2026, Morgan Stanley maintained its Equal-Weight rating with a price target of $563.00. Overall, the stock holds a consensus strong buy recommendation across 35 analyst opinions, with a mean price target of $640.89.

Inside Applied Materials Operations

Based in Santa Clara, California, Applied Materials provides essential manufacturing equipment and software used to build semiconductor chips and displays worldwide. The company serves major chipmakers through systems that handle etching, deposition, and wafer inspection. Its technology sits at the center of global electronics manufacturing, helping factories build smaller and faster processors.

What to Watch Next for the Fund

Investors tracking Schonfeld's moves will need to wait for subsequent quarterly filings to see whether the fund continues to scale back its semiconductor exposure or rebuilds its stake. Applied Materials is scheduled to report its next round of earnings on November 12, 2026, which will provide fresh numbers on equipment demand and revenue growth.