Corient Private Wealth LLC Has $285.84 Million Stake in Applied Materials, Inc. $AMAT

Corient Private Wealth LLC lifted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 237.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,112,249 shares of the manufacturing equipment provider’s stock after purchasing an additional 783,040 shares during the quarter. Corient Private Wealth LLC’s holdings in Applied Materials were worth $285,837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Research Global Investors raised its holdings in Applied Materials by 119.8% in the 4th quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock valued at $8,405,458,000 after acquiring an additional 17,829,377 shares in the last quarter. Norges Bank acquired a new stake in shares of Applied Materials during the 4th quarter worth $2,858,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Applied Materials by 617.2% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,129,483 shares of the manufacturing equipment provider’s stock worth $1,869,170,000 after purchasing an additional 7,856,576 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Applied Materials by 40.1% in the third quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider’s stock worth $2,563,376,000 after purchasing an additional 3,583,751 shares during the period. Finally, Coatue Management LLC acquired a new position in Applied Materials in the third quarter valued at about $685,684,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Mizuho upped their price objective on shares of Applied Materials from $500.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Raymond James Financial set a $650.00 target price on shares of Applied Materials in a research report on Wednesday, June 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $502.00 price target (up from $454.00) on shares of Applied Materials in a report on Friday, May 15th. Seaport Research Partners started coverage on shares of Applied Materials in a research report on Monday, May 4th. They set a “buy” rating and a $500.00 price target on the stock. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $525.00 price objective on shares of Applied Materials in a research note on Friday, May 15th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Applied Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $489.16.

Key Applied Materials News

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

• Positive Sentiment: Citi raised its price target on Applied Materials, reinforcing the view that AI infrastructure spending and memory-chip equipment demand should keep driving revenue growth. Applied Materials surges as Citi lifts target on AI demand boom
• Positive Sentiment: Applied Materials launched SENZ, a fully integrated visual system for AI smart glasses, and partnered with EssilorLuxottica and Qualcomm, giving investors a potential new long-term growth avenue. Applied Materials (AMAT) Launches SENZ With Qualcomm And EssilorLuxottica For AI Eyewear
• Positive Sentiment: Recent commentary highlighted Applied Materials as a beneficiary of the AI equipment super-cycle, with strong earnings, robust wafer-fab equipment demand, and favorable analyst sentiment supporting the rally. Applied Materials: The Cheapest Seat On The AI Equipment Super-Cycle

Applied Materials Stock Performance

Shares of AMAT stock opened at $617.11 on Friday. The business’s 50-day moving average price is $446.42 and its 200-day moving average price is $363.12. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $638.90. The firm has a market capitalization of $489.96 billion, a price-to-earnings ratio of 57.94, a PEG ratio of 1.65 and a beta of 1.67. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.68 billion. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities research analysts forecast that Applied Materials, Inc. will post 12.1 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, August 20th. Applied Materials’s dividend payout ratio is 19.91%.

Insider Activity

In other news, SVP Omkaram Nalamasu sold 24,263 shares of Applied Materials stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the transaction, the senior vice president owned 146,916 shares in the company, valued at approximately $87,184,361.88. The trade was a 14.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 189,767 shares of company stock valued at $107,769,409. 0.30% of the stock is currently owned by company insiders.

Applied Materials Profile

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.