Applied Materials, Inc. $AMAT Shares Purchased by Whittier Trust Co.

Whittier Trust Co. boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 0.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 290,399 shares of the manufacturing equipment provider’s stock after buying an additional 2,205 shares during the period. Applied Materials accounts for approximately 1.2% of Whittier Trust Co.’s holdings, making the stock its 15th largest holding. Whittier Trust Co.’s holdings in Applied Materials were worth $102,400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AMAT. DGS Capital Management LLC increased its position in Applied Materials by 6.1% during the first quarter. DGS Capital Management LLC now owns 9,837 shares of the manufacturing equipment provider’s stock worth $3,362,000 after purchasing an additional 564 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Applied Materials during the 1st quarter valued at $626,000. Stephens Inc. AR increased its holdings in shares of Applied Materials by 4.7% during the 1st quarter. Stephens Inc. AR now owns 34,506 shares of the manufacturing equipment provider’s stock worth $11,931,000 after buying an additional 1,550 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its position in shares of Applied Materials by 5.3% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 895 shares of the manufacturing equipment provider’s stock worth $306,000 after buying an additional 45 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings in Applied Materials by 324.1% in the first quarter. Raleigh Capital Management Inc. now owns 984 shares of the manufacturing equipment provider’s stock valued at $336,000 after acquiring an additional 752 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Performance

Applied Materials stock opened at $603.04 on Monday. Applied Materials, Inc. has a 12-month low of $154.46 and a 12-month high of $739.67. The company has a market capitalization of $478.79 billion, a price-to-earnings ratio of 56.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The firm’s fifty day moving average price is $499.51 and its 200 day moving average price is $391.80.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.18. The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, research analysts forecast that Applied Materials, Inc. will post 12.11 EPS for the current fiscal year.

Applied Materials Dividend Announcement

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

Insider Transactions at Applied Materials

In other Applied Materials news, SVP Timothy M. Deane sold 8,621 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the completion of the sale, the senior vice president owned 134,631 shares in the company, valued at $79,534,609.56. This trade represents a 6.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Iannotti sold 9,250 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the sale, the director directly owned 40,559 shares of the company’s stock, valued at $24,326,071.43. The trade was a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 278,088 shares of company stock valued at $169,654,805 in the last three months. 0.30% of the stock is currently owned by company insiders.

Applied Materials News Summary

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

• Positive Sentiment: Analysts remain broadly bullish on Applied Materials, with Zacks upgrading the stock to strong-buy and other recent research highlighting AMAT as a key beneficiary of the AI semiconductor equipment cycle. Article Title
• Positive Sentiment: Recent coverage says Applied Materials is benefiting from accelerating growth in AI-related chip demand, with record earnings momentum and a new Street-high target reinforcing the bull case. Article Title
• Positive Sentiment: Applied Materials also discussed DRAM and advanced packaging innovations tied to AI-driven semiconductor growth, which supports the view that its product mix remains well positioned for the current cycle. Article Title
• Neutral Sentiment: Some articles question whether AMAT is becoming too expensive after its rally, suggesting valuation concerns could limit upside if growth expectations cool. Article Title
• Neutral Sentiment: Michael Burry reportedly added to short bets against Applied Materials and other chip names, adding a bearish sentiment overlay on the semiconductor sector. Article Title
• Negative Sentiment: Applied Materials CEO Gary Dickerson disclosed two recent stock sales totaling more than 78,000 shares, which can weigh on investor sentiment even though he still owns a large position. Article Title
• Negative Sentiment: Semiconductor stocks, including AMAT, also came under pressure in broader sector selloffs as investors worried that AI-driven chip demand may be cooling and took profits after a strong rally. Article Title

Analysts Set New Price Targets

Several equities research analysts have commented on AMAT shares. Susquehanna upped their price target on Applied Materials from $575.00 to $900.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. Raymond James Financial set a $650.00 price target on shares of Applied Materials in a report on Wednesday, June 10th. B. Riley Financial raised their target price on shares of Applied Materials from $550.00 to $790.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Citigroup lifted their target price on shares of Applied Materials from $550.00 to $710.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Finally, Jefferies Financial Group upped their price target on shares of Applied Materials from $510.00 to $770.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $553.56.

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.