Evergreen Private Wealth LLC Reduces Stake in Applied Materials, Inc. $AMAT

Posted by Brenda Bartman on Jul 7th, 2026

Evergreen Private Wealth LLC cut its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 7.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 38,407 shares of the manufacturing equipment provider’s stock after selling 3,204 shares during the quarter. Applied Materials accounts for 5.3% of Evergreen Private Wealth LLC’s investment portfolio, making the stock its biggest position. Evergreen Private Wealth LLC’s holdings in Applied Materials were worth $13,117,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Evolve Private Wealth LLC boosted its stake in shares of Applied Materials by 59.0% during the 1st quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider’s stock worth $983,000 after acquiring an additional 1,067 shares during the period. Worth Asset Management LLC acquired a new stake in Applied Materials during the 4th quarter valued at $1,531,000. World Investment Advisors lifted its holdings in Applied Materials by 4.5% during the 4th quarter. World Investment Advisors now owns 82,296 shares of the manufacturing equipment provider’s stock valued at $21,149,000 after purchasing an additional 3,508 shares during the last quarter. WealthPlan Investment Management LLC bought a new position in Applied Materials during the fourth quarter worth $1,082,000. Finally, Avity Investment Management Inc. boosted its position in Applied Materials by 1.1% during the third quarter. Avity Investment Management Inc. now owns 223,211 shares of the manufacturing equipment provider’s stock worth $45,700,000 after purchasing an additional 2,376 shares during the period. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Trading Down 9.5%

Shares of NASDAQ:AMAT opened at $536.38 on Tuesday. The business’s 50 day simple moving average is $499.51 and its 200 day simple moving average is $391.80. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $739.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The company has a market capitalization of $425.87 billion, a P/E ratio of 50.99, a P/E/G ratio of 1.68 and a beta of 1.57.

Applied Materials (NASDAQ:AMAT – Get Free Report) last released its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.68 billion. During the same period in the prior year, the company posted $2.39 EPS. The company’s revenue 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. On average, research analysts anticipate that Applied Materials, Inc. will post 12.11 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio (DPR) is currently 19.91%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMAT shares. Cantor Fitzgerald increased their price objective on shares of Applied Materials from $650.00 to $850.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Barclays lifted their target price on shares of Applied Materials from $500.00 to $590.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Wall Street Zen raised shares of Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Zacks Research upgraded shares of Applied Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company boosted their price objective on Applied Materials from $715.00 to $740.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $569.65.

View Our Latest Analysis on Applied Materials

Insider Buying and Selling

In other Applied Materials news, Director Thomas J. Iannotti sold 9,250 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were 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 in the company, valued at $24,326,071.43. The trade was a 18.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of Applied Materials stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the transaction, the senior vice president owned 146,916 shares in the company, valued at approximately $87,184,361.88. The trade was a 14.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is owned by company insiders.

Applied Materials News Summary

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

Positive Sentiment: Goldman Sachs raised its price target on Applied Materials to $645, reinforcing a bullish view on the company and helping fuel the semiconductor rally. 2 Chip Stocks Driving Today’s Rally With Lofty Bull Notes
Positive Sentiment: Morgan Stanley increased its price target on AMAT from $502 to $647, while keeping an equal-weight rating, signaling improved expectations for the stock’s valuation. Susquehanna Lifts PT on Applied Materials (AMAT) – Here’s Why
Positive Sentiment: Applied Materials unveiled its AI-powered SENZ platform, designed to speed development of smart glasses by integrating optics, light engines, vision correction, and dimming into one system. That supports the company’s AI growth narrative and could open new product opportunities. Applied Materials (AMAT) Unveils AI-Powered SENZ Platform to Accelerate Smart Glasses Development
Positive Sentiment: Chip stocks are broadly rallying as investors position around strong AI and semiconductor demand, which is helping lift Applied Materials along with the sector. The Second-Biggest Stock Sale in History Hits the Nasdaq Friday, and Chip Stocks Are Ripping
Neutral Sentiment: Several recent market commentaries and “best stocks to buy” articles have highlighted AMAT’s momentum, but these are more sentiment indicators than direct catalysts for the shares. Is Applied Materials (AMAT) One of the Best Stocks on the Rise to Invest In?
Neutral Sentiment: Investor interest in AMAT remains elevated, with Zacks noting the stock has been trending among users, but this does not by itself change fundamentals. Is Trending Stock Applied Materials, Inc. (AMAT) a Buy Now?

Applied Materials 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.