Silvercrest Asset Management Group 13F: Cuts AMAT Stake by $50M

Silvercrest Trims Applied Materials Position

Silvercrest Asset Management Group pared back its investment in Applied Materials, Inc. (NasdaqGS: AMAT) during the period, according to its latest Form 13F filing with the SEC. The firm cut its holdings by 71,416 shares, which works out to a 29.4% decrease from the previous quarter. This left the firm with 171,187 shares of the semiconductor equipment maker. Based on market prices, the remaining stake was valued at approximately $119.7 million.

Applied Materials Stock Trades Near Upper Range

Shares of Applied Materials changed hands around $699.39 as the wider tech sector navigated shifting market conditions. The company carries a market capitalization of $368.4 billion and a P/E ratio of 40.0, alongside a forward P/E of 25.2. Its 52-week trading range spans from a low of $196.20 to a high of $739.67. Note that 13F filings are backward-looking and reflect holdings as of the reporting date, meaning they may not represent the investor's current position today.

Analysts Set New Price Targets

Wall Street firms have kept a close eye on the chip equipment supplier, adjusting their expectations through the late summer and autumn. On October 16, 2026, Needham maintained its Buy rating while lowering its price target to $580.00 from $740.00. A day earlier, on October 15, 2026, Evercore ISI Group kept an Outperform rating while trimming its target from $700.00 to $590.00. RBC Capital reiterated its Outperform rating with a $600.00 target on October 14, 2026. Earlier in September, Morgan Stanley maintained its Equal-Weight rating and set a $563.00 target.

Inside Applied Materials Operations

Applied Materials builds manufacturing gear, software, and services used to fabricate silicon wafers and computer chips worldwide. Its systems enable complex steps like etching, deposition, and wafer inspection for top chipmakers. The company operates major research and manufacturing hubs from its Santa Clara, California headquarters and employs roughly 38,900 people globally.

What to Watch Next for AMAT

Investors tracking Applied Materials will look ahead to its next earnings release scheduled for November 12, 2026, to gauge the health of semiconductor capital spending. Future quarterly 13F filings will also reveal whether institutional managers like Silvercrest continue trimming tech hardware allocations or return to buying. These filings provide a historical snapshot only and do not serve as financial advice.