Isthmus Partners LLC Sells 2,099 Shares of Applied Materials, Inc. $AMAT

Posted by Brenda Bartman on May 16th, 2026

Isthmus Partners LLC lowered its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,954 shares of the manufacturing equipment provider’s stock after selling 2,099 shares during the period. Applied Materials comprises 2.1% of Isthmus Partners LLC’s portfolio, making the stock its 9th largest holding. Isthmus Partners LLC’s holdings in Applied Materials were worth $18,491,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC boosted its stake in Applied Materials by 48.7% during the fourth quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock worth $30,000 after buying an additional 38 shares in the last quarter. Joseph Group Capital Management acquired a new stake in Applied Materials during the fourth quarter worth $31,000. Redmont Wealth Advisors LLC acquired a new stake in Applied Materials during the third quarter worth $26,000. Dogwood Wealth Management LLC boosted its stake in Applied Materials by 52.4% during the fourth quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider’s stock worth $33,000 after buying an additional 44 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in Applied Materials during the third quarter worth $31,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Key Applied Materials News

Here are the key news stories impacting Applied Materials this week:

Positive Sentiment: Applied Materials posted record Q2 results, beating EPS and revenue expectations and lifting its outlook, with management citing strong AI infrastructure spending as a key growth driver. Applied Materials Announces Second Quarter 2026 Results
Positive Sentiment: Wall Street turned more bullish after the report, with multiple firms raising price targets, including Bank of America, JPMorgan, Mizuho, Morgan Stanley, Needham, and KeyCorp, reinforcing confidence in multi-year earnings growth. Applied Materials Sees Multi-Year AI Boom Driving Record Revenue And Growth Through 2028
Positive Sentiment: Several analysts highlighted a durable AI-driven semiconductor upcycle, suggesting Applied Materials could sustain elevated demand and margins through 2027-2028. Krish Sankar Reaffirms Buy on Applied Materials
Neutral Sentiment: The broader market backdrop is weaker, with major indexes down as Treasury yields and oil prices rise, which is adding headwinds for high-valuation tech and AI stocks. Stock Market Today: Dow Falls As Oil Prices, Yields Jump; Applied Materials, Nvidia, Cerebras Slide
Negative Sentiment: Even with the strong earnings report, the stock is slipping as investors rotate out after a sharp year-to-date rally, showing some concern that expectations may already be very high. Applied Materials slips despite record quarter and strong outlook (AMAT)

Applied Materials Stock Down 0.9%

Shares of NASDAQ AMAT opened at $436.62 on Friday. The stock has a market cap of $346.51 billion, a PE ratio of 41.00, a PEG ratio of 1.95 and a beta of 1.66. The business has a fifty day moving average of $379.09 and a two-hundred day moving average of $319.44. Applied Materials, Inc. has a 52-week low of $153.47 and a 52-week high of $448.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.94 and a current ratio of 2.71.

Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.18. The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Applied Materials had a return on equity of 38.48% and a net margin of 29.31%.The business’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, equities research analysts expect that Applied Materials, Inc. will post 11.16 earnings per share for the current fiscal year.

Applied Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 21st. This is a boost from Applied Materials’s previous quarterly dividend of $0.46. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.5%. Applied Materials’s dividend payout ratio (DPR) is 18.83%.

Insider Buying and Selling at Applied Materials

In related news, CFO Brice Hill sold 5,000 shares of Applied Materials stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $361.21, for a total value of $1,806,050.00. Following the completion of the transaction, the chief financial officer directly owned 138,565 shares of the company’s stock, valued at $50,051,063.65. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Adam Sanders sold 534 shares of Applied Materials stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $379.16, for a total value of $202,471.44. Following the completion of the transaction, the chief accounting officer directly owned 4,625 shares of the company’s stock, valued at $1,753,615. This represents a 10.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 12,003 shares of company stock valued at $4,484,189. 0.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMAT shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Applied Materials in a research note on Friday, March 27th. Bank of America lifted their price target on shares of Applied Materials from $465.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group lifted their price target on shares of Applied Materials from $390.00 to $520.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of Applied Materials from $400.00 to $515.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Seaport Research Partners started coverage on shares of Applied Materials in a research note on Monday, May 4th. They set a “buy” rating and a $500.00 price target on the stock. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $463.89.

Get Our Latest Research Report on AMAT

Applied Materials Company Profile

(Free Report)

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.