Applied Materials, Inc. $AMAT Shares Sold by Klein Pavlis & Peasley Financial Inc.

Posted by Stanley Muller on Jun 30th, 2026

Klein Pavlis & Peasley Financial Inc. cut its holdings in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 35.6% in the first quarter, Holdings Channel reports. The institutional investor owned 3,005 shares of the manufacturing equipment provider’s stock after selling 1,662 shares during the quarter. Klein Pavlis & Peasley Financial Inc.’s holdings in Applied Materials were worth $1,027,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Private Wealth Management Group LLC grew its stake in Applied Materials by 4.9% in the 1st quarter. Private Wealth Management Group LLC now owns 531 shares of the manufacturing equipment provider’s stock valued at $181,000 after acquiring an additional 25 shares during the period. Pinnacle Bancorp Inc. increased its holdings in Applied Materials by 1.3% in the 1st quarter. Pinnacle Bancorp Inc. now owns 2,082 shares of the manufacturing equipment provider’s stock worth $712,000 after acquiring an additional 27 shares in the last quarter. Warther Private Wealth LLC raised its position in Applied Materials by 1.5% during the fourth quarter. Warther Private Wealth LLC now owns 1,908 shares of the manufacturing equipment provider’s stock worth $490,000 after acquiring an additional 28 shares during the period. Tradition Wealth Management LLC raised its position in Applied Materials by 3.1% during the fourth quarter. Tradition Wealth Management LLC now owns 1,031 shares of the manufacturing equipment provider’s stock worth $265,000 after acquiring an additional 31 shares during the period. Finally, Hoxton Planning & Management LLC lifted its holdings in Applied Materials by 1.4% during the fourth quarter. Hoxton Planning & Management LLC now owns 2,208 shares of the manufacturing equipment provider’s stock valued at $567,000 after purchasing an additional 31 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Applied Materials news, CEO Gary E. Dickerson sold 71,727 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the transaction, the chief executive officer owned 1,695,164 shares of the company’s stock, valued at approximately $1,006,503,625. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Timothy M. Deane sold 8,621 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $590.76, for a total value of $5,092,941.96. Following the completion of the sale, the senior vice president owned 134,631 shares of the company’s stock, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 199,767 shares of company stock valued at $114,104,709 in the last 90 days. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AMAT shares. HSBC began coverage on shares of Applied Materials in a research note on Friday, May 8th. They set a “buy” rating and a $517.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Applied Materials in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Applied Materials from $450.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, May 15th. HC Wainwright set a $850.00 target price on Applied Materials in a report on Monday. Finally, Zacks Research downgraded Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Twenty-seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $541.06.

Check Out Our Latest Research Report on AMAT

Key Headlines Impacting Applied Materials

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

Positive Sentiment: KeyBanc turned more constructive ahead of Applied Materials’ upcoming Q3 earnings, helping fuel a surge in the stock as traders bet on strong near-term results and continued AI-related demand. Why Applied Materials Shares Are Surging Monday
Positive Sentiment: Multiple firms raised their price targets, including KeyBanc and Bank of America, with one note lifting its target to a Street-high level and reinforcing a bullish outlook for AMAT. Bank of America Just Gave Applied Materials Stock a New Street-High Price Target
Positive Sentiment: Applied Materials was added to the Russell Top 50 index, which could increase passive-fund ownership and broaden investor attention. Applied Materials (AMAT) Joins Russell Top 50 After Leaving Value Indexes
Neutral Sentiment: Commentary from market strategists noted that much of the good news may already be priced in after AMAT’s strong run, raising the risk that any earnings disappointment could trigger volatility. This Analyst Sees 20% Upside For AMAT Stock – Says High Expectations Around Applied Materials’ Businesses Create Short-Term Risk
Negative Sentiment: Some analysts cautioned that expectations are now very high after the stock’s rapid rally, which could limit upside if Applied Materials does not deliver an especially strong earnings report. Applied Materials: Equipment Market Surge Priced Into Stock Price

Applied Materials Stock Performance

NASDAQ:AMAT opened at $694.64 on Tuesday. The company has a market cap of $551.52 billion, a P/E ratio of 65.22, a P/E/G ratio of 1.74 and a beta of 1.67. Applied Materials, Inc. has a twelve month low of $154.46 and a twelve month high of $708.99. The company’s 50-day moving average price is $479.64 and its 200-day moving average price is $381.14. 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 announced 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 company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. Applied Materials’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, sell-side analysts forecast that Applied Materials, Inc. will post 12.1 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

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 issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio (DPR) is currently 19.91%.

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.