Panagora Asset Management Inc. Sells 186,125 Shares of Applied Materials, Inc. $AMAT

Posted by Brenda Bartman on Jun 15th, 2026

Panagora Asset Management Inc. decreased its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 45.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220,031 shares of the manufacturing equipment provider’s stock after selling 186,125 shares during the period. Panagora Asset Management Inc.’s holdings in Applied Materials were worth $56,546,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMAT. Piedmont Capital Management LLC NC acquired a new position in Applied Materials during the 4th quarter valued at $406,000. Sargent Investment Group LLC bought a new stake in Applied Materials in the 4th quarter valued at $419,000. Mariner LLC grew its position in Applied Materials by 7.2% in the 4th quarter. Mariner LLC now owns 308,823 shares of the manufacturing equipment provider’s stock worth $79,401,000 after purchasing an additional 20,760 shares during the last quarter. Nicolet Advisory Services LLC increased its holdings in shares of Applied Materials by 3.1% during the 4th quarter. Nicolet Advisory Services LLC now owns 3,412 shares of the manufacturing equipment provider’s stock worth $877,000 after purchasing an additional 101 shares during the period. Finally, Financial Gravity Asset Management Inc. increased its holdings in shares of Applied Materials by 49.0% during the 4th quarter. Financial Gravity Asset Management Inc. now owns 304 shares of the manufacturing equipment provider’s stock worth $78,000 after purchasing an additional 100 shares during the period. Institutional investors own 80.56% of the company’s stock.

Insider Activity

In other news, Director Judy Bruner sold 1,128 shares of Applied Materials stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $450.00, for a total value of $507,600.00. Following the completion of the transaction, the director owned 26,544 shares in the company, valued at approximately $11,944,800. The trade was a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Prabu G. Raja sold 50,000 shares of Applied Materials stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $505.28, for a total transaction 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 three months, insiders have sold 53,896 shares of company stock worth $27,135,121. 0.30% of the stock is currently owned by insiders.

Applied Materials News Summary

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

Positive Sentiment: Barclays reiterated an Overweight rating on Applied Materials, saying investment in new chip supply remains strong and supporting the stock’s bullish momentum. Applied Materials and KLA Are Surging. Why You Should Buy the Stocks, Says This Analyst.
Positive Sentiment: Erste Group Bank raised its earnings estimates for Applied Materials, lifting FY2026 EPS forecast to $12.20 and FY2027 to $16.29, while keeping a Buy rating. Applied Materials estimate revision
Positive Sentiment: Several recent articles highlighted Applied Materials as a top momentum and AI-beneficiary stock, with commentary pointing to strong May performance, heavy hedge fund ownership, and broad analyst support. Is Applied Materials (AMAT) A Good Stock to Buy Now?
Positive Sentiment: Investor attention is also being fueled by a recent 52-week-high move and reports of continued rotation into chip equipment stocks, reinforcing the view that AMAT remains a favored AI infrastructure name. Why Did AMAT, AMPG, OSCR Stocks Surge To 52-Week Highs Today?
Neutral Sentiment: Other coverage today was largely repeated “great momentum stock” and “attracting investor attention” pieces, reflecting strong market interest rather than a new company-specific catalyst. Applied Materials (AMAT) is a Great Momentum Stock: Should You Buy?

Applied Materials Price Performance

Shares of AMAT opened at $567.25 on Monday. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $569.95. The company has a 50-day moving average price of $427.22 and a two-hundred day moving average price of $353.48. 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 stock has a market cap of $450.37 billion, a price-to-earnings ratio of 53.26, a P/E/G ratio of 1.58 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT – Get Free Report) last posted its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $7.68 billion. During the same quarter in the previous year, the company posted $2.39 earnings per share. Applied Materials’s quarterly 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. Equities analysts predict that Applied Materials, Inc. will post 12.1 EPS for the current fiscal year.

Applied Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMAT shares. Erste Group Bank upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Truist Financial set a $575.00 price target on Applied Materials in a report on Thursday, May 28th. UBS Group lifted their price objective on Applied Materials from $515.00 to $570.00 and gave the stock a “buy” rating in a report on Wednesday. Zacks Research cut Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Citigroup boosted their price target on shares of Applied Materials from $420.00 to $520.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and an average price target of $483.03.

Get Our Latest Research Report on Applied Materials

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.