Applied Materials, Inc. $AMAT Shares Sold by Journey Advisory Group LLC

Posted by George Bondi on Jul 16th, 2026

Journey Advisory Group LLC reduced its holdings in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 19.8% during the 1st quarter, Holdings Channel reports. The fund owned 10,615 shares of the manufacturing equipment provider’s stock after selling 2,625 shares during the quarter. Journey Advisory Group LLC’s holdings in Applied Materials were worth $3,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in AMAT. Financial Freedom LLC bought a new position in shares of Applied Materials in the first quarter worth $28,000. Cornerstone Financial Management LLC bought a new stake in shares of Applied Materials during the fourth quarter valued at about $25,000. Whipplewood Advisors LLC lifted its holdings in Applied Materials by 218.8% in the first quarter. Whipplewood Advisors LLC now owns 102 shares of the manufacturing equipment provider’s stock worth $35,000 after purchasing an additional 70 shares during the period. Wilkerson Advisory Group LLC bought a new position in Applied Materials in the 4th quarter valued at about $26,000. Finally, MBM Wealth Consultants LLC bought a new position in Applied Materials in the 1st quarter valued at about $38,000. Institutional investors own 80.56% of the company’s stock.

Trending Headlines about Applied Materials

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

Positive Sentiment: Management commentary suggested AI-driven semiconductor equipment spending could stay elevated for years, strengthening confidence in Applied Materials’ multiyear demand outlook. Applied Materials CEO Just Reinforced the AI Investment Thesis. How to Play AMAT Stock Here.
Positive Sentiment: Mizuho raised its price target on AMAT, citing strong demand commentary and expecting EPS growth of more than 36% over the next year. Mizuho Raises PT on Applied Materials (AMAT)
Positive Sentiment: Applied Materials was highlighted as a key AI infrastructure and “picks-and-shovels” play, with articles arguing the stock could continue trending higher alongside AI hardware spending. Applied Materials: The Picks-and-Shovels Play in an AI Era Will Continue to Trend Higher
Positive Sentiment: Reports also pointed to a 10-year AI packaging partnership with TSMC and a Buy rating from Bernstein, both of which support the bull case for long-term demand. Applied Materials (AMAT) Lands 10 Year TSMC AI Packaging Partnership Applied Materials (AMAT) Gets a Buy from Bernstein
Neutral Sentiment: Some commentary notes the stock has already run sharply over the past six months, so investors may be weighing whether much of the AI optimism is already priced in. 2 Reasons to Watch AMAT and 1 to Stay Cautious
Neutral Sentiment: Broader semiconductor strength and lower inflation also helped sentiment across AI hardware names, including AMAT, KLA, and Teradyne. Applied Materials, KLA Corporation, and Teradyne Shares Skyrocket, What You Need To Know

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMAT. UBS Group boosted their price target on shares of Applied Materials from $570.00 to $705.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank Of Canada raised their price objective on shares of Applied Materials from $500.00 to $520.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. B. Riley Financial boosted their target price on Applied Materials from $550.00 to $790.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating and issued a $525.00 target price on shares of Applied Materials in a research report on Friday, May 15th. Finally, Susquehanna increased their price target on Applied Materials from $575.00 to $900.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $593.84.

Read Our Latest Research Report on AMAT

Applied Materials Stock Down 2.7%

NASDAQ AMAT opened at $579.43 on Thursday. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $739.67. The company has a market capitalization of $460.04 billion, a P/E ratio of 54.41, a PEG ratio of 1.51 and a beta of 1.57. The company’s 50 day simple moving average is $528.23 and its 200 day simple moving average is $410.12. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80.

Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.18. The firm 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%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities research analysts expect that Applied Materials, Inc. will post 12.13 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid 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 0.4%. Applied Materials’s dividend payout ratio (DPR) is currently 19.91%.

Insiders Place Their Bets

In other news, Director Thomas J. Iannotti sold 9,250 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total transaction 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. This represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Prabu G. Raja sold 50,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $505.28, for a total value of $25,264,000.00. Following the completion of the transaction, the insider owned 356,642 shares of the company’s stock, valued at $180,204,069.76. This trade represents a 12.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 278,088 shares of company stock worth $169,654,805. Corporate insiders own 0.30% of the company’s stock.

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.