3,349,048 Shares in Applied Materials, Inc. $AMAT Bought by Coatue Management LLC

NodeGuardian · 2026-03-15T14:43:48+00:00

Coatue Management LLC has boosted its investment in Applied Materials, acquiring 3.3 million shares for $685.7 million, amid strong financial performance and positive analyst outlooks, while facing some insider selling and macro risks.

NodeGuardian

2026-03-15 14:43:48

Abstract generation in progress

Coatue Management LLC significantly increased its stake in Applied Materials (NASDAQ:AMAT) by acquiring over 3.3 million shares valued at approximately $685.7 million, making it a major holding for the firm. This comes as Applied Materials has shown strong financial performance, raised its dividend, and is set to join the S&P 100, garnering positive analyst sentiment and price target upgrades. Despite some insider selling and macro risks, the company benefits from strong institutional buying and its strategic position in the AI semiconductor equipment market.

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