Patton Fund Management Inc. Has $3.42 Million Stake in Applied Materials, Inc. $AMAT

Patton Fund Management Inc. lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 64.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,992 shares of the manufacturing equipment provider’s stock after selling 17,837 shares during the period. Patton Fund Management Inc.’s holdings in Applied Materials were worth $3,415,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AMAT. First Trust Advisors LP lifted its holdings in Applied Materials by 4.9% during the 3rd quarter. First Trust Advisors LP now owns 3,101,772 shares of the manufacturing equipment provider’s stock worth $635,057,000 after buying an additional 145,050 shares during the period. Evolve Private Wealth LLC grew its position in shares of Applied Materials by 59.0% in the 1st quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider’s stock valued at $983,000 after buying an additional 1,067 shares during the last quarter. Elo Mutual Pension Insurance Co increased its stake in shares of Applied Materials by 21.8% in the third quarter. Elo Mutual Pension Insurance Co now owns 96,712 shares of the manufacturing equipment provider’s stock valued at $19,801,000 after buying an additional 17,288 shares during the period. Worth Asset Management LLC bought a new position in shares of Applied Materials during the fourth quarter worth about $1,531,000. Finally, World Investment Advisors raised its position in shares of Applied Materials by 4.5% during the fourth quarter. World Investment Advisors now owns 82,296 shares of the manufacturing equipment provider’s stock worth $21,149,000 after acquiring an additional 3,508 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Price Performance

Shares of Applied Materials stock opened at $626.84 on Monday. The stock’s 50-day moving average is $473.54 and its 200 day moving average is $378.12. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $669.22. The firm has a market cap of $497.69 billion, a price-to-earnings ratio of 58.86, a PEG ratio of 1.74 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 (NASDAQ:AMAT) last issued 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. The firm had revenue of $7.91 billion for 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%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities research analysts anticipate that Applied Materials, Inc. will post 12.1 EPS for the current year.

Applied Materials Announces Dividend

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

Insider Transactions at Applied Materials

In other news, Director Thomas J. Iannotti sold 9,250 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was 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 directly owned 40,559 shares in the company, valued at $24,326,071.43. This trade represents a 18.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Prabu G. Raja sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $633.53, for a total value of $6,335,300.00. Following the completion of the sale, the insider directly owned 346,642 shares of the company’s stock, valued at $219,608,106.26. The trade was a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 199,767 shares of company stock valued at $114,104,709. 0.30% of the stock is owned by insiders.

Applied Materials News Roundup

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

• Positive Sentiment: Applied Materials introduced new systems for DRAM and advanced packaging, expanding its role in AI chip manufacturing and potentially boosting future demand. Applied Materials Introduces New Systems to Accelerate DRAM and Advanced Packaging for AI Chips
• Positive Sentiment: Analysts said AMAT’s event highlighted strong opportunities in DRAM and advanced packaging, reinforcing the company’s AI-driven growth narrative. Applied Materials’ event focuses on DRAM, and advanced packaging: analysts
• Positive Sentiment: Wall Street commentary remains constructive, with analysts still confident in Applied Materials’ strong competitive position. AMAT stock gets thumbs up from Wall Street – analysts remain confident about Applied Materials’ strong market position
• Neutral Sentiment: Some coverage suggests the stock may be looking expensive after its recent rally, which could limit near-term upside even if the long-term AI story stays intact. Applied Materials stock looks pricey—can AI demand justify the rally?
• Neutral Sentiment: One analysis noted that Applied Materials’ aggressive investment strategy may pressure cash flow in the near term, even though it supports longer-term growth. Can AMAT’s Investment Strategy Lift Future Cash Flow Growth?

Wall Street Analyst Weigh In

AMAT has been the topic of several analyst reports. KeyCorp upped their target price on Applied Materials from $450.00 to $550.00 and gave the company an “overweight” rating in a report on Friday, May 15th. JPMorgan Chase & Co. raised their price target on shares of Applied Materials from $400.00 to $515.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. UBS Group boosted their price target on shares of Applied Materials from $515.00 to $570.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Wolfe Research upped their price objective on shares of Applied Materials from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, B. Riley Financial increased their price objective on shares of Applied Materials from $550.00 to $790.00 and gave the stock a “buy” rating in a research report on Friday. Twenty-seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $518.19.

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.