EULAV Asset Management 13F: Exits Applied Materials (AMAT) Stake

EULAV Asset Management completely sold its stake in Applied Materials, Inc. (AMAT) by offloading 4,927 shares, as reported in a filing on October 23, 2026. This move leaves the fund with no shares in the company, reflecting a 100% decrease in its position.

AMAT Applied Materials, Inc.

$387.59 ▲ +44.67% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Applied Materials Fits in EULAV Asset Management's Portfolio

This position was ranked 151 out of EULAV's total holdings. The fund's reported value for this position was approximately $1.06 billion, and it has exited the investment entirely.

Other Institutional Activity in Applied Materials

Several other funds made recent moves in Applied Materials. AMF Tjanstepension increased its holdings by 6,638 shares, totaling 6,638 shares worth about $3.39 million. Meanwhile, Carnegie Investment Counsel trimmed its position by 3,613 shares, leaving it with 108,067 shares valued at around $55.3 million. Livforsakringsbolaget Skandia, Omsesidigt reduced its stake by 5,330 shares, ending with 70,237 shares worth about $35.9 million.

Applied Materials, Inc. Stock Up 3.2%

Applied Materials closed at $377.24 on October 23, 2026, the same day EULAV filed its report. The stock has recently traded around $387.59, which is about 2.7% above its event closing price. However, it remains significantly below its 52-week high of $739.67, currently trading about 47.6% lower than that peak.

Recent Earnings

In its latest earnings report for the trailing twelve months, Applied Materials reported a revenue of approximately $30.8 billion and earnings per share (EPS) of $11.59. The next earnings report is expected on November 12, 2026, which could provide further insight into the company's performance.

Insider Buying and Selling at Applied Materials, Inc.

Several insiders have made trades recently. CEO Gary E. Dickerson sold 78,321 shares for a total value of about $55.6 million on June 30, 2026. CFO Brice Hill sold 7,500 shares at an average price of $479.25 on August 25, 2026, totaling around $3.6 million. Director Judy Bruner sold 1,000 shares for about $465,000 on September 8, 2026, and Officer Adam Sanders sold 725 shares for approximately $394,807 on October 2, 2026. These transactions occurred before EULAV's exit from its position.

Analysts Set New Price Targets

Analysts have maintained various ratings for Applied Materials recently. On September 1, 2026, UBS maintained a Buy rating with a price target of $695. Morgan Stanley kept an Equal-Weight rating with a target of $563 on September 28, 2026. RBC Capital reiterated its Outperform rating with a target of $600 on October 14, 2026. The consensus recommendation for Applied Materials is a strong buy, with a mean price target of $627.83 based on 36 analyst opinions.

About Applied Materials

Applied Materials, Inc. provides materials engineering solutions and equipment for the semiconductor and related industries. The company operates globally, offering products and services that are crucial for the production of semiconductors, which are essential components in various electronic devices. EULAV's exit from its position comes as the stock trades significantly below its historical highs, indicating potential shifts in market sentiment.

Bottom Line

Investors will likely watch for further institutional moves in Applied Materials, especially as the next earnings report on November 12, 2026, approaches. EULAV's complete exit highlights a significant shift in its investment strategy regarding this stock, which may reflect broader market trends or company-specific developments.