Sumitomo Mitsui Trust Group Inc. Sells 103,941 Shares of Applied Materials, Inc. $AMAT

Posted by Brian Himes on Jul 9th, 2026

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,866,513 shares of the manufacturing equipment provider’s stock after selling 103,941 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Applied Materials were worth $637,955,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Applied Materials by 28.0% during the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after acquiring an additional 2,771 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Applied Materials by 26.7% in the second quarter. Sivia Capital Partners LLC now owns 3,225 shares of the manufacturing equipment provider’s stock valued at $590,000 after acquiring an additional 679 shares during the last quarter. Forefront Wealth Partners LLC acquired a new stake in Applied Materials during the 2nd quarter valued at approximately $410,000. Schnieders Capital Management LLC. increased its position in Applied Materials by 30.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 15,003 shares of the manufacturing equipment provider’s stock valued at $2,747,000 after purchasing an additional 3,469 shares during the period. Finally, Sei Investments Co. raised its holdings in Applied Materials by 59.3% during the 2nd quarter. Sei Investments Co. now owns 422,694 shares of the manufacturing equipment provider’s stock worth $77,383,000 after purchasing an additional 157,426 shares during the last quarter. 80.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMAT has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. B. Riley Financial increased their price objective on shares of Applied Materials from $550.00 to $790.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. TD Cowen lifted their target price on shares of Applied Materials from $450.00 to $525.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wells Fargo & Company boosted their target price on shares of Applied Materials from $715.00 to $740.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Finally, Cantor Fitzgerald upped 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. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $573.19.

Read Our Latest Analysis on AMAT

Insider Activity

In other news, SVP Omkaram Nalamasu sold 24,263 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the sale, the senior vice president directly owned 146,916 shares in the company, valued at $87,184,361.88. This trade represents a 14.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas J. Iannotti sold 9,250 shares of the business’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 of the company’s stock, valued at $24,326,071.43. The trade was a 18.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 278,088 shares of company stock valued at $169,654,805. Corporate insiders own 0.30% of the company’s stock.

Applied Materials News Summary

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

Positive Sentiment: Susquehanna raised its price target on Applied Materials, adding to the bullish analyst backdrop around the stock. Susquehanna Raises Price Target on Applied Materials, Inc. (AMAT)
Positive Sentiment: Zacks highlighted Applied Materials’ advanced packaging opportunity, noting management’s goal of more than 50% packaging revenue growth in 2026 as AI demand drives HBM, 3D chiplet stacking, and next-generation packaging demand. Can AMAT’s Advanced Packaging Drive Its Next Growth Phase?
Positive Sentiment: Applied Materials unveiled SENZ to speed development of AI smart glasses, reinforcing the company’s exposure to emerging AI hardware markets. Applied Materials (AMAT) Unveils SENZ To Speed AI Smart Glasses Development
Positive Sentiment: Applied Materials was also named among Zacks’ top momentum stocks, suggesting technical strength and continued investor interest. Best Momentum Stock to Buy for July 7th
Neutral Sentiment: Several articles framed AMAT as a high-quality but volatile stock, with recent selling tied to a broader semiconductor and memory-stock downturn rather than company-specific weakness. Every Memory Stock Is Now in a Bear Market: Is Micron, SanDisk, or Applied Materials the Best Buy?
Negative Sentiment: AMAT was caught in an industry-wide chip selloff after weaker sentiment across memory names and a broader tech pullback, which pressured the stock earlier in the week. What Is Going on With Applied Materials Stock on Tuesday?

Applied Materials Stock Performance

Shares of AMAT stock opened at $570.50 on Thursday. The company has a market cap of $452.95 billion, a price-to-earnings ratio of 53.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.57. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 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 firm has a 50 day moving average of $509.35 and a 200-day moving average of $398.54.

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

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid 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 payout ratio is 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.