Tempo Wealth LLC Purchases Shares of 1,353 Applied Materials, Inc. $AMAT

Posted by George Bondi on Jun 20th, 2026

Tempo Wealth LLC purchased a new stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,353 shares of the manufacturing equipment provider’s stock, valued at approximately $348,000.

Several other large investors also recently made changes to their positions in AMAT. First Trust Advisors LP boosted its holdings in Applied Materials by 4.9% during the third quarter. First Trust Advisors LP now owns 3,101,772 shares of the manufacturing equipment provider’s stock worth $635,057,000 after purchasing an additional 145,050 shares during the last quarter. Elo Mutual Pension Insurance Co grew its position in Applied Materials by 21.8% in the third quarter. Elo Mutual Pension Insurance Co now owns 96,712 shares of the manufacturing equipment provider’s stock valued at $19,801,000 after purchasing an additional 17,288 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Applied Materials in the 4th quarter valued at $1,531,000. Avity Investment Management Inc. increased its stake in Applied Materials by 1.1% in 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 buying an additional 2,376 shares during the last quarter. Finally, Baker Chad R lifted its position in Applied Materials by 76.6% during the 4th quarter. Baker Chad R now owns 16,530 shares of the manufacturing equipment provider’s stock worth $4,297,000 after buying an additional 7,170 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Performance

AMAT opened at $617.11 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The business has a fifty day simple moving average of $451.05 and a 200 day simple moving average of $364.90. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $638.90. The company has a market capitalization of $489.96 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 1.72 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.18. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.68 billion. During the same period last year, the firm earned $2.39 earnings per share. Applied Materials’s revenue for the quarter was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Research analysts expect that Applied Materials, Inc. will post 12.1 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 annualized dividend and a dividend yield of 0.3%. Applied Materials’s dividend payout ratio (DPR) is currently 19.91%.

Insider Buying and Selling

In related news, SVP Omkaram Nalamasu sold 24,263 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the sale, the senior vice president owned 146,916 shares of the company’s stock, valued at $87,184,361.88. This represents a 14.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Prabu G. Raja sold 50,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $505.28, for a total value of $25,264,000.00. Following the transaction, the insider owned 356,642 shares in the company, valued at approximately $180,204,069.76. This trade represents a 12.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 189,767 shares of company stock valued at $107,769,409 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AMAT. Seaport Research Partners assumed coverage on shares of Applied Materials in a research note on Monday, May 4th. They set a “buy” rating and a $500.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Applied Materials from $400.00 to $515.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Jefferies Financial Group upped their target price on Applied Materials from $415.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, May 15th. UBS Group increased their price target on Applied Materials from $515.00 to $570.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Truist Financial set a $575.00 price target on Applied Materials in a research note on Thursday, May 28th. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $489.16.

Read Our Latest Stock Report on Applied Materials

Applied Materials News Summary

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

Positive Sentiment: Applied Materials’ AGS services business is being highlighted as a long-term growth engine, with AI-enabled services and expanding margins potentially creating more recurring revenue. Can AMAT’s AGS Business Become a Long-Term Growth Driver?
Positive Sentiment: Shares are benefiting from renewed enthusiasm around AI demand and strong earnings momentum, with articles noting the stock has been hitting new highs after solid results and upbeat guidance. AI Demand, Earnings Send Applied Materials to New Highs
Positive Sentiment: Applied Materials launched SENZ with Qualcomm and EssilorLuxottica for AI eyewear, reinforcing investor hopes that the company can expand beyond core chipmaking tools into adjacent growth markets. Applied Materials (AMAT) Launches SENZ With Qualcomm And EssilorLuxottica For AI Eyewear
Positive Sentiment: Analyst sentiment remains constructive, with higher price targets such as Citi’s $710 view helping fuel the rally by suggesting AI demand can justify the premium valuation. Applied Materials (AMAT) Stock Rallies 8.75% on Citi’s Bullish $710 Price Target
Neutral Sentiment: Several insiders, including CEO Gary Dickerson and SVP Omkaram Nalamasu, sold shares this week; while the sales were small relative to their remaining holdings, they can weigh on sentiment. Why Applied Materials Insiders Sold $65 Million Worth of Stock
Neutral Sentiment: Some commentary warns the stock looks expensive after a sharp year-to-date surge, with valuation comparisons to the dot-com era potentially prompting caution despite the strong fundamental backdrop. Applied Materials stock valuation and performance

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.