Shayne & Jacobs LLC Has $6.98 Million Position in Applied Materials, Inc. $AMAT

Posted by George Bondi on Jul 7th, 2026

Shayne & Jacobs LLC trimmed its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 9.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,424 shares of the manufacturing equipment provider’s stock after selling 2,071 shares during the period. Applied Materials comprises about 2.2% of Shayne & Jacobs LLC’s portfolio, making the stock its 8th largest position. Shayne & Jacobs LLC’s holdings in Applied Materials were worth $6,981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Evolve Private Wealth LLC increased its position in 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 buying an additional 1,067 shares during the period. Worth Asset Management LLC bought a new stake in shares of Applied Materials in the fourth quarter valued at about $1,531,000. World Investment Advisors grew its stake in shares of Applied Materials by 4.5% in the fourth quarter. World Investment Advisors now owns 82,296 shares of the manufacturing equipment provider’s stock valued at $21,149,000 after acquiring an additional 3,508 shares in the last quarter. WealthPlan Investment Management LLC acquired a new position in shares of Applied Materials in the fourth quarter valued at about $1,082,000. Finally, Avity Investment Management Inc. increased 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 acquiring an additional 2,376 shares during the period. 80.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMAT has been the subject of several analyst reports. Wolfe Research lifted their price objective on shares of Applied Materials from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. KeyCorp raised their target price on shares of Applied Materials from $550.00 to $750.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Cantor Fitzgerald lifted their price target 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. Morgan Stanley boosted their price target on Applied Materials from $502.00 to $647.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Jefferies Financial Group raised their price objective on Applied Materials from $510.00 to $770.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $569.65.

Check Out Our Latest Research Report on AMAT

Applied Materials Price Performance

Shares of NASDAQ:AMAT traded down $56.86 during midday trading on Tuesday, hitting $535.93. The stock had a trading volume of 5,283,692 shares, compared to its average volume of 8,260,349. The company’s 50-day moving average price is $499.51 and its 200-day moving average price is $391.80. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $739.67. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $425.50 billion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 1.68 and a beta of 1.57.

Applied Materials (NASDAQ:AMAT – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.18. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates 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 for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, equities research analysts predict that Applied Materials, Inc. will post 12.11 EPS for the current fiscal year.

Applied Materials Announces Dividend

The firm 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 dividend on an annualized basis and a dividend 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%.

Insider Transactions at Applied Materials

In related news, CEO Gary E. Dickerson sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $735.22, for a total transaction of $14,704,400.00. Following the completion of the sale, the chief executive officer directly owned 1,599,843 shares in the company, valued at $1,176,236,570.46. This represents a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Iannotti sold 9,250 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total value of $5,547,872.50. Following the completion of the sale, the director directly owned 40,559 shares in the company, valued at $24,326,071.43. This trade represents a 18.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is owned by insiders.

Key Stories Impacting Applied Materials

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

Positive Sentiment: Applied Materials was added to Zacks’ Rank #1 (Strong Buy) momentum stock list for July 7, which may support investor interest in the name. Best Momentum Stock to Buy for July 7th
Positive Sentiment: Morgan Stanley raised its price target on Applied Materials to $647 from $502, signaling continued analyst confidence even though the firm kept an equal-weight rating. Applied Materials Given New $647.00 Price Target at Morgan Stanley
Positive Sentiment: Goldman Sachs also lifted its target on AMAT to $645, helping drive a broader chip-stock rally earlier in the session. 2 Chip Stocks Driving Today’s Rally With Lofty Bull Notes
Positive Sentiment: Applied Materials’ AI-related product momentum remains a theme after it unveiled the SENZ platform to speed smart-glasses development, reinforcing its positioning in AI-enabled hardware. Applied Materials Unveils AI-Powered SENZ Platform to Accelerate Smart Glasses Development
Neutral Sentiment: Several recent articles highlighted AMAT as a popular and “best stocks on the rise” candidate, but these pieces are largely sentiment-driven rather than tied to a specific new operational catalyst. Is Applied Materials One of the Best Stocks on the Rise to Invest In?
Negative Sentiment: Chip stocks, including Applied Materials, were pressured by a broader semiconductor selloff after Samsung earnings triggered risk-off trading across the group. Intel and Applied Materials Dive 10%, AMD Craters 8% as Samsung Earnings Trigger Chip Selloff

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.