SVB Wealth LLC grew its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,873 shares of the manufacturing equipment provider’s stock after purchasing an additional 1,451 shares during the quarter. SVB Wealth LLC’s holdings in Applied Materials were worth $8,159,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of AMAT. Warther Private Wealth LLC raised its holdings in shares of Applied Materials by 1.5% during the 4th quarter. Warther Private Wealth LLC now owns 1,908 shares of the manufacturing equipment provider’s stock valued at $490,000 after buying an additional 28 shares during the period. Tradition Wealth Management LLC boosted its holdings in Applied Materials by 3.1% in the 4th quarter. Tradition Wealth Management LLC now owns 1,031 shares of the manufacturing equipment provider’s stock worth $265,000 after acquiring an additional 31 shares during the period. Hoxton Planning & Management LLC boosted its holdings in Applied Materials by 1.4% in the 4th quarter. Hoxton Planning & Management LLC now owns 2,208 shares of the manufacturing equipment provider’s stock worth $567,000 after acquiring an additional 31 shares during the period. Godsey & Gibb Inc. grew its position in Applied Materials by 2.6% in the fourth quarter. Godsey & Gibb Inc. now owns 1,298 shares of the manufacturing equipment provider’s stock valued at $334,000 after acquiring an additional 33 shares in the last quarter. Finally, Family Capital Management Inc. raised its stake in shares of Applied Materials by 0.8% during the fourth quarter. Family Capital Management Inc. now owns 4,227 shares of the manufacturing equipment provider’s stock valued at $1,086,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.
Insiders Place Their Bets
In related news, SVP Omkaram Nalamasu sold 24,263 shares of the business’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 of the company’s stock, valued at $87,184,361.88. The trade was a 14.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Timothy M. Deane sold 8,621 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $590.76, for a total value of $5,092,941.96. Following the sale, the senior vice president owned 134,631 shares in the company, valued at $79,534,609.56. The trade was a 6.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 199,767 shares of company stock worth $114,104,709. Company insiders own 0.30% of the company’s stock.
Applied Materials Stock Up 3.7%
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, 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 firm had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.68 billion. During the same period in the prior year, the company posted $2.39 earnings per share. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, equities research analysts predict that Applied Materials, Inc. will post 12.1 earnings per share for the current fiscal year.
Applied Materials Announces Dividend
The business 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. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, August 20th. Applied Materials’s dividend payout ratio is 19.91%.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Erste Group Bank raised shares of Applied Materials from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Jefferies Financial Group lifted their price target on shares of Applied Materials from $415.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Citigroup boosted their price objective on shares of Applied Materials from $550.00 to $710.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. The Goldman Sachs Group raised their target price on Applied Materials from $390.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Cantor Fitzgerald lifted their target price on Applied Materials from $575.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $495.45.
Read Our Latest Stock Analysis on AMAT
More Applied Materials News
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: Citi raised its price target on Applied Materials to $710 from $550 and kept a Buy rating, signaling stronger confidence in the semiconductor equipment maker’s outlook. A Growing Supply Gap Has Analysts Eyeing Applied Materials (AMAT)
- Positive Sentiment: Reuters reported that Applied Materials signed a long-term deal with EssilorLuxottica to develop augmented-reality display technology and AI glasses, expanding its opportunity in emerging wearable and AI-related markets. Applied Materials (AMAT) and EssilorLuxottica Sign Long-Term Deal, Reuters Reports
- Positive Sentiment: Recent commentary says AI demand may help justify AMAT’s premium valuation, with investors focusing on the company’s role in semiconductor and AI infrastructure spending. Applied Materials Is Now More Expensive Than Its Dot-Com Era Peak. AI Demand Justifies the AMAT Stock Valuation.
- Neutral Sentiment: Insider Prabu G. Raja sold 10,000 shares, a routine filing that may draw attention but does not necessarily indicate a change in the company’s fundamentals. SEC Form 4 filing
- Negative Sentiment: Some articles highlighted concerns that AMAT’s valuation is becoming stretched, which could limit near-term upside if growth expectations cool. Applied Materials Stock Looks Pricey—Can AI Demand Justify the Rally?
About Applied Materials
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.
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