Applied Materials, Inc. $AMAT Stock Position Trimmed by Hudson Canyon Capital Management

Hudson Canyon Capital Management trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 9.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,650 shares of the manufacturing equipment provider’s stock after selling 1,418 shares during the quarter. Applied Materials comprises 2.9% of Hudson Canyon Capital Management’s holdings, making the stock its 7th largest position. Hudson Canyon Capital Management’s holdings in Applied Materials were worth $4,665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMAT. Financial Freedom LLC acquired a new position in Applied Materials in the 1st quarter worth approximately $28,000. Cornerstone Financial Management LLC acquired a new stake in Applied Materials during the 4th quarter valued at approximately $25,000. Whipplewood Advisors LLC boosted its holdings in shares of Applied Materials by 218.8% in the 1st quarter. Whipplewood Advisors LLC now owns 102 shares of the manufacturing equipment provider’s stock valued at $35,000 after acquiring an additional 70 shares during the last quarter. Wilkerson Advisory Group LLC purchased a new stake in shares of Applied Materials in the 4th quarter valued at $26,000. Finally, MBM Wealth Consultants LLC acquired a new stake in shares of Applied Materials in the first quarter worth $38,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

More Applied Materials News

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

• Positive Sentiment: Applied Materials gained attention after reports of a 10-year AI packaging partnership with TSMC, reinforcing its role in the AI supply chain. Applied Materials (AMAT) Lands 10 Year TSMC AI Packaging Partnership
• Positive Sentiment: Analysts and commentators remain upbeat on AMAT’s AI demand outlook, with Bernstein rating the stock a Buy and Stifel-style bullish commentary saying the company should benefit from a long AI investment cycle. Applied Materials (AMAT) Gets a Buy from Bernstein
• Positive Sentiment: Applied Materials was included in lists of AI beneficiaries poised to produce strong cash flow and capitalize on heavy semiconductor infrastructure spending. The AI Boom Isn’t Over: 3 Stocks to Buy for 2H 2026
• Neutral Sentiment: Market headlines also noted Morgan Stanley kept an Equal Weight rating on AMAT, which is supportive but not a strong bullish signal. Morgan Stanley Maintains an “Equal Weight” Rating on Applied Materials, Inc. (AMAT)
• Negative Sentiment: Earlier trading saw AMAT fall with the broader chip sector after weakness in Asian semiconductor names and an oil-price spike pressured tech stocks. Intel, AMD, and Applied Materials Drop 4% as SK Hynix Rout and Oil Spike Hit Chip Stocks

Insiders Place Their Bets

In related news, SVP Timothy M. Deane sold 8,621 shares of Applied Materials stock in a transaction 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 of the company’s stock, valued at approximately $79,534,609.56. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Omkaram Nalamasu sold 24,263 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total transaction 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 approximately $87,184,361.88. The trade was a 14.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 278,088 shares of company stock valued at $169,654,805. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Applied Materials in a report on Wednesday, June 24th. JPMorgan Chase & Co. upped their price target on shares of Applied Materials from $400.00 to $515.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Argus increased their price target on Applied Materials from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Sanford C. Bernstein reiterated an “outperform” rating and set a $525.00 price objective on shares of Applied Materials in a research note on Friday, May 15th. Finally, Erste Group Bank raised Applied Materials from a “hold” rating to a “buy” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $589.48.

Applied Materials Trading Up 3.5%

AMAT stock opened at $595.70 on Wednesday. Applied Materials, Inc. has a 52-week low of $154.46 and a 52-week high of $739.67. 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 firm has a market cap of $472.96 billion, a P/E ratio of 55.93, a PEG ratio of 1.46 and a beta of 1.57. The company’s 50-day simple moving average is $525.21 and its 200-day simple moving average is $407.88.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.18. The firm had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.Applied Materials’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, equities analysts forecast that Applied Materials, Inc. will post 12.13 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given 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%.

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.