Sanchez Levi Garrett Takes $1.23 Million Position in Applied Materials, Inc. $AMAT

Posted by George Bondi on Aug 28th, 2026

Sanchez Levi Garrett bought a new position in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,698 shares of the manufacturing equipment provider’s stock, valued at approximately $1,228,000. Applied Materials makes up about 0.7% of Sanchez Levi Garrett’s holdings, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harborfront Financial Group LLC purchased a new stake in Applied Materials in the 2nd quarter worth $27,000. BOK Financial Private Wealth Inc. purchased a new position in shares of Applied Materials during the second quarter valued at about $41,000. Financial Freedom LLC purchased a new position in shares of Applied Materials during the first quarter valued at about $28,000. Elevation Wealth Partners LLC increased its holdings in shares of Applied Materials by 34.8% in the second quarter. Elevation Wealth Partners LLC now owns 93 shares of the manufacturing equipment provider’s stock worth $67,000 after purchasing an additional 24 shares during the last quarter. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of Applied Materials in the fourth quarter worth about $25,000. Institutional investors own 80.56% of the company’s stock.

Insiders Place Their Bets

In other news, Director Thomas J. Iannotti sold 9,250 shares of the stock in a transaction on 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 sale, the director owned 40,559 shares of the company’s stock, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brice Hill sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total transaction of $3,594,375.00. Following the completion of the sale, the chief financial officer owned 128,613 shares of the company’s stock, valued at $61,637,780.25. This trade represents a 5.51% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 284,192 shares of company stock valued at $172,625,209. 0.30% of the stock is currently owned by company insiders.

Trending Headlines about Applied Materials

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

Positive Sentiment: Qualcomm executive joins the board: Applied Materials appointed Qualcomm CFO and COO Akash Palkhiwala as a director and Audit Committee member. His semiconductor-industry, finance and operating experience could strengthen the board as AMAT targets growth in advanced logic, memory and AI infrastructure. Applied Materials Appoints Akash Palkhiwala to Board of Directors
Positive Sentiment: AI buildout supports earnings momentum: Recent coverage highlights AMAT’s record quarter-over-quarter revenue increase, with quarterly revenue of $9.12 billion, up 25% year over year, and non-GAAP earnings per share of $3.50, up 41%. Demand is being driven by advanced DRAM, high-bandwidth memory, leading-edge logic and advanced packaging. The AI Buildout Is Turning Applied Materials Into A Profit Machine
Positive Sentiment: Services business remains healthy: AMAT’s Applied Global Services segment reported record revenue and expanding margins, supported by subscription services, parts demand and increased semiconductor-fab utilization. This recurring revenue stream may help cushion equipment-cycle volatility. AMAT’s AGS Business Gains Momentum
Neutral Sentiment: Analyst upside remains substantial: The average Wall Street price target implies roughly 35% potential upside, although targets are estimates and AMAT’s elevated valuation makes further gains dependent on continued earnings growth. Does Applied Materials Have the Potential to Rally?
Negative Sentiment: China exposure is a key overhang: New Chinese immersion DUV lithography capabilities and tighter export controls raise concerns about domestic competition and reduced access to China, a significant AMAT market. Applied Materials’ China Problem Is Getting Worse
Negative Sentiment: CFO stock sale adds a minor sentiment concern: CFO Brice Hill sold 7,500 shares worth approximately $3.6 million, reducing his holdings by 5.51%. The transaction does not change AMAT’s fundamentals but may weigh modestly on investor sentiment. SEC Insider Transaction Filing

Analyst Ratings Changes

AMAT has been the subject of several research analyst reports. Cantor Fitzgerald restated an “overweight” rating on shares of Applied Materials in a report on Friday, August 14th. UBS Group set a $675.00 price objective on Applied Materials and gave the stock a “buy” rating in a report on Friday, August 14th. JPMorgan Chase & Co. increased their target price on Applied Materials from $515.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Stifel Nicolaus raised their target price on shares of Applied Materials from $530.00 to $650.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Royal Bank Of Canada boosted their price target on shares of Applied Materials from $520.00 to $600.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $657.76.

View Our Latest Stock Report on AMAT

Applied Materials Price Performance

NASDAQ:AMAT opened at $482.36 on Friday. The firm has a market capitalization of $382.80 billion, a price-to-earnings ratio of 41.58, a PEG ratio of 1.03 and a beta of 1.61. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $739.67. The business has a 50 day simple moving average of $553.91 and a 200-day simple moving average of $456.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79.

Applied Materials (NASDAQ:AMAT – Get Free Report) last released its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The firm had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the previous year, the company posted $2.48 EPS. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities analysts forecast that Applied Materials, Inc. will post 12.73 EPS for the current year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. Applied Materials’s payout ratio is 18.28%.

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.