Intermede Investment Partners Ltd Decreases Stock Position in Applied Materials, Inc. $AMAT

Posted by George Bondi on May 25th, 2026

Intermede Investment Partners Ltd lowered its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 26.6% during the 4th quarter, Holdings Channel reports. The firm owned 254,050 shares of the manufacturing equipment provider’s stock after selling 91,991 shares during the quarter. Applied Materials makes up about 2.7% of Intermede Investment Partners Ltd’s holdings, making the stock its 18th biggest position. Intermede Investment Partners Ltd’s holdings in Applied Materials were worth $65,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of AMAT. Highline Wealth Partners LLC raised its position in shares of Applied Materials by 48.7% during the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock valued at $30,000 after buying an additional 38 shares in the last quarter. Joseph Group Capital Management purchased a new stake in shares of Applied Materials during the 4th quarter valued at about $31,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Applied Materials during the 3rd quarter valued at about $26,000. Dogwood Wealth Management LLC raised its position in shares of Applied Materials by 52.4% during the 4th quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider’s stock valued at $33,000 after buying an additional 44 shares in the last quarter. Finally, IMG Wealth Management Inc. raised its position in shares of Applied Materials by 147.2% during the 4th quarter. IMG Wealth Management Inc. now owns 131 shares of the manufacturing equipment provider’s stock valued at $34,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Performance

Shares of NASDAQ:AMAT opened at $432.16 on Monday. The company has a market capitalization of $342.97 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 1.21 and a beta of 1.66. Applied Materials, Inc. has a 12 month low of $153.47 and a 12 month high of $448.45. The firm’s 50-day moving average is $387.09 and its 200 day moving average is $326.68. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22.

Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.68 by $0.18. The company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Research analysts predict that Applied Materials, Inc. will post 12.02 EPS for the current year.

Applied Materials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, May 21st. This is a positive change from Applied Materials’s previous quarterly dividend of $0.46. Applied Materials’s payout ratio is currently 19.91%.

Wall Street Analyst Weigh In

AMAT has been the topic of several recent research reports. Stifel Nicolaus set a $530.00 target price on shares of Applied Materials in a research report on Friday, May 15th. Cantor Fitzgerald upped their target price on shares of Applied Materials from $550.00 to $575.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Barclays upped their target price on shares of Applied Materials from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Applied Materials from $450.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group upped their target price on shares of Applied Materials from $390.00 to $520.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $465.14.

Check Out Our Latest Stock Analysis on Applied Materials

Insider Activity

In related news, Director Judy Bruner sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $391.71, for a total transaction of $979,275.00. Following the transaction, the director directly owned 26,089 shares in the company, valued at approximately $10,219,322.19. This represents a 8.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Adam Sanders sold 534 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $379.16, for a total transaction of $202,471.44. Following the completion of the transaction, the chief accounting officer owned 4,625 shares in the company, valued at $1,753,615. This represents a 10.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.30% of the company’s stock.

About Applied Materials

(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.