Carmel Capital Management L.L.C. Reduces Stock Holdings in Applied Materials, Inc. $AMAT

Carmel Capital Management L.L.C. cut its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 2.8% during the first quarter, Holdings Channel reports. The institutional investor owned 88,848 shares of the manufacturing equipment provider’s stock after selling 2,550 shares during the quarter. Applied Materials makes up approximately 8.7% of Carmel Capital Management L.L.C.’s investment portfolio, making the stock its 3rd biggest position. Carmel Capital Management L.L.C.’s holdings in Applied Materials were worth $30,367,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. IFM Investors Pty Ltd lifted its position in Applied Materials by 3.4% during the 1st quarter. IFM Investors Pty Ltd now owns 166,069 shares of the manufacturing equipment provider’s stock valued at $56,761,000 after acquiring an additional 5,409 shares during the period. Rexford Capital Inc. increased its stake in shares of Applied Materials by 1.0% during the first quarter. Rexford Capital Inc. now owns 5,490 shares of the manufacturing equipment provider’s stock valued at $1,876,000 after purchasing an additional 53 shares in the last quarter. Severin Investments LLC bought a new position in shares of Applied Materials during the first quarter valued at approximately $236,000. iA Global Asset Management Inc. boosted its position in shares of Applied Materials by 3.9% in the 1st quarter. iA Global Asset Management Inc. now owns 104,126 shares of the manufacturing equipment provider’s stock worth $35,589,000 after purchasing an additional 3,929 shares in the last quarter. Finally, Element Squared LLC bought a new stake in shares of Applied Materials in the 1st quarter worth approximately $2,140,000. 80.56% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Prabu G. Raja sold 50,000 shares of the business’s 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 directly owned 356,642 shares of the company’s stock, valued at $180,204,069.76. The trade was a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Omkaram Nalamasu sold 24,263 shares of the stock in a transaction that occurred 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. This trade represents a 14.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 199,767 shares of company stock valued at $114,104,709 over the last three months. Corporate insiders own 0.30% of the company’s stock.

Key Stories Impacting Applied Materials

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

• Positive Sentiment: KeyBanc, Cantor Fitzgerald, and Bank of America all turned more bullish on AMAT, with multiple price-target hikes and fresh upside calls ahead of earnings, reinforcing the view that demand for chip-making equipment remains strong. Why Applied Materials Shares Are Surging Monday
• Positive Sentiment: The stock has been one of the biggest winners in the semiconductor space, with June marking its best monthly rally since 1975 as AI infrastructure spending lifted estimates and investor sentiment. Stock Of The Day: Is This The Top For Applied Materials?
• Positive Sentiment: Erste Group raised its FY2026 and FY2027 earnings estimates for Applied Materials, signaling confidence that earnings growth can continue beyond the current year. Applied Materials, Inc. (NASDAQ:AMAT)
• Neutral Sentiment: Several articles note the stock is technically very extended and “overbought,” which suggests momentum is strong but also raises the risk of a near-term pullback after the huge run-up. Stock Of The Day: Is This The Top For Applied Materials?
• Neutral Sentiment: Applied Materials was also added to the Russell Top 50 Index, which can boost visibility and passive fund ownership, though the impact is more about flows than fundamentals. Applied Materials (AMAT) Joins Russell Top 50 After Leaving Value Indexes

Analyst Ratings Changes

A number of research analysts recently weighed in on AMAT shares. Needham & Company LLC raised their price objective on Applied Materials from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Friday, May 15th. UBS Group increased their target price on Applied Materials from $515.00 to $570.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. HSBC started coverage on Applied Materials in a research report on Friday, May 8th. They issued a “buy” rating and a $517.00 price target for the company. Royal Bank Of Canada upped their price target on shares of Applied Materials from $500.00 to $520.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Applied Materials from $400.00 to $515.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Applied Materials has a consensus rating of “Moderate Buy” and a consensus target price of $553.56.

Applied Materials Stock Up 4.1%

AMAT stock opened at $723.00 on Wednesday. The stock has a market capitalization of $574.03 billion, a P/E ratio of 67.89, a P/E/G ratio of 1.93 and a beta of 1.67. 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, Inc. has a 1-year low of $154.46 and a 1-year high of $739.67. The business has a fifty day moving average price of $486.16 and a 200-day moving average price of $384.29.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS 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 during the quarter, compared to the consensus estimate of $7.68 billion. During the same period last year, the company earned $2.39 EPS. Applied Materials’s revenue for the quarter was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities analysts forecast that Applied Materials, Inc. will post 12.11 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently declared 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 0.3%. Applied Materials’s payout ratio is currently 19.91%.

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.