Kovitz Investment Group Partners LLC Sells 674,260 Shares of Applied Materials, Inc. $AMAT

Posted by Brian Himes on Jun 19th, 2026

Kovitz Investment Group Partners LLC decreased its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 90.9% during the 4th quarter, HoldingsChannel reports. The fund owned 67,326 shares of the manufacturing equipment provider’s stock after selling 674,260 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Applied Materials were worth $17,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP increased its holdings in Applied Materials by 4.9% in the 3rd quarter. First Trust Advisors LP now owns 3,101,772 shares of the manufacturing equipment provider’s stock valued at $635,057,000 after buying an additional 145,050 shares during the period. Elo Mutual Pension Insurance Co lifted its holdings in shares of Applied Materials by 21.8% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 96,712 shares of the manufacturing equipment provider’s stock worth $19,801,000 after acquiring an additional 17,288 shares during the period. Worth Asset Management LLC bought a new position in shares of Applied Materials during the 4th quarter worth about $1,531,000. Avity Investment Management Inc. boosted its position in shares of Applied Materials by 1.1% during the 3rd quarter. Avity Investment Management Inc. now owns 223,211 shares of the manufacturing equipment provider’s stock valued at $45,700,000 after acquiring an additional 2,376 shares in the last quarter. Finally, Baker Chad R boosted its position in shares of Applied Materials by 76.6% during the 4th quarter. Baker Chad R now owns 16,530 shares of the manufacturing equipment provider’s stock valued at $4,297,000 after acquiring an additional 7,170 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Cantor Fitzgerald increased their price target on shares of Applied Materials from $575.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. lifted their price objective on Applied Materials from $400.00 to $515.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $525.00 price objective on shares of Applied Materials in a research note on Friday, May 15th. Morgan Stanley reissued an “equal weight” rating and issued a $502.00 target price (up from $454.00) on shares of Applied Materials in a report on Friday, May 15th. Finally, Raymond James Financial set a $650.00 target price on Applied Materials in a research report on Wednesday, June 10th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and an average price target of $489.16.

View Our Latest Analysis on Applied Materials

Applied Materials Stock Up 4.1%

NASDAQ AMAT opened at $617.11 on Friday. The stock’s 50 day simple moving average is $446.42 and its 200 day simple moving average is $363.12. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $638.90. The firm has a market cap of $489.96 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 1.65 and a beta of 1.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80.

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 the consensus estimate of $2.68 by $0.18. The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, sell-side analysts forecast that Applied Materials, Inc. will post 12.1 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.12 annualized dividend and a yield of 0.3%. Applied Materials’s dividend payout ratio is 19.91%.

More Applied Materials News

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

Positive Sentiment: Citi raised its price target on Applied Materials, reinforcing the view that AI infrastructure spending and memory-chip equipment demand should keep driving revenue growth. Applied Materials surges as Citi lifts target on AI demand boom
Positive Sentiment: Applied Materials launched SENZ, a fully integrated visual system for AI smart glasses, and partnered with EssilorLuxottica and Qualcomm, giving investors a potential new long-term growth avenue. Applied Materials (AMAT) Launches SENZ With Qualcomm And EssilorLuxottica For AI Eyewear
Positive Sentiment: Recent commentary highlighted Applied Materials as a beneficiary of the AI equipment super-cycle, with strong earnings, robust wafer-fab equipment demand, and favorable analyst sentiment supporting the rally. Applied Materials: The Cheapest Seat On The AI Equipment Super-Cycle

Insider Activity

In other Applied Materials news, SVP Timothy M. Deane sold 8,621 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the sale, the senior vice president owned 134,631 shares of the company’s stock, valued at $79,534,609.56. This represents a 6.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Iannotti sold 9,250 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the completion of the transaction, the director directly owned 40,559 shares of the company’s stock, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 189,767 shares of company stock worth $107,769,409. 0.30% of the stock is currently owned by insiders.

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.