Aspiriant 13F: Exits Applied Materials (AMAT) Stake

Aspiriant reported a complete exit from its investment in Applied Materials, Inc. in a filing on October 16, 2026. The fund sold its 3,319 shares, resulting in a total value of about $1.4 million at the recent market price.

What Changed in Aspiriant's Applied Materials Position

In its latest filing, Aspiriant disclosed that it cut its position in Applied Materials by selling out entirely, down from 3,319 shares to 0 shares. This represents a 100% decrease in its stake.

Other Institutional Activity in Applied Materials

Several institutional investors have also adjusted their positions in Applied Materials. Blackrock Inc. grew its holdings by 1,239,871 shares, bringing its total to 80,212,518 shares valued at about $32.83 billion. Vanguard Capital Management LLC added 268,217 shares for a total of 51,848,358 shares worth approximately $21.22 billion. State Street Corporation increased its stake by 731,418 shares, reaching 38,240,019 shares valued at around $15.65 billion. Invesco Ltd. raised its holdings by 1,900,912 shares, totaling 28,265,844 shares worth about $11.57 billion. However, Capital Research Global Investors reduced its position, cutting 7,296,037 shares to 22,159,097 shares valued at about $9.07 billion.

Applied Materials, Inc. Stock Down 1.9%

As of October 16, 2026, Applied Materials shares were trading around $421.93, which is below its 50-day moving average of $484.58 by about 12.9%. The stock is also significantly lower than its 52-week high of $739.67, by about 43%. Investors may find current levels interesting as the stock has also moved above its 52-week low of $203.40, reflecting a strong recovery.

Recent Earnings

For the trailing twelve months (TTM), Applied Materials reported revenue of approximately $30.83 billion and earnings per share (EPS) of $11.59. The company has shown impressive revenue growth year-over-year at 24.8%. It is set to announce its next earnings on November 12, 2026.

Insider Buying and Selling at Applied Materials, Inc.

Insider transactions have seen some activity as well. Gary E. Dickerson, the CEO, sold 78,321 shares valued at approximately $55.55 million on June 30, 2026. Chief Financial Officer Brice Hill sold 7,500 shares valued at about $3.59 million on August 25, 2026. Director Judy Bruner sold 1,000 shares for around $465,000 on September 8, 2026, and Officer Adam Sanders sold 725 shares on October 2, 2026, with a total value of about $394,807.

Analysts Set New Price Targets

On the same day as the filing, Needham maintained its buy rating for Applied Materials with a revised price target of $580. Earlier, RBC Capital reiterated an outperform rating with a target of $600, while other firms like UBS and Morgan Stanley also adjusted their targets.

About Applied Materials

Applied Materials, Inc. provides essential equipment and services for the semiconductor industry. With operations globally, it plays a crucial role in manufacturing chips used in numerous electronic devices. The recent adjustment by Aspiriant may reflect changes in market sentiment toward this sector.

Bottom Line

Aspiriant's complete exit from Applied Materials signals a significant shift in its investment strategy, reflecting the volatile nature of the semiconductor industry. Investors and analysts will be watching the upcoming earnings report on November 12, 2026, for further insights into the company's performance and market positioning. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.