Applied Materials, Inc. $AMAT Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 15.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,995 shares of the manufacturing equipment provider’s stock after buying an additional 1,570 shares during the quarter. Procyon Advisors LLC’s holdings in Applied Materials were worth $4,100,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AMAT. Vanguard Group Inc. raised its holdings in shares of Applied Materials by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 76,779,340 shares of the manufacturing equipment provider’s stock worth $19,731,523,000 after acquiring an additional 330,197 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Applied Materials by 119.8% during the fourth 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 during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Applied Materials by 40.1% during the third quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider’s stock valued at $2,563,376,000 after acquiring an additional 3,583,751 shares during the last quarter. Morgan Stanley increased its position in Applied Materials by 3.4% during the 4th quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider’s stock worth $2,947,891,000 after purchasing an additional 373,012 shares in the last quarter. Finally, Norges Bank purchased a new stake in Applied Materials during the 4th quarter worth about $2,858,543,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Performance

Shares of NASDAQ:AMAT opened at $602.50 on Monday. The business’s 50-day simple moving average is $517.90 and its 200 day simple moving average is $403.30. The company has a market cap of $478.36 billion, a P/E ratio of 56.57, a PEG ratio of 1.53 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $739.67.

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 analysts’ consensus estimates of $2.68 by $0.18. The firm had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.Applied Materials’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, sell-side analysts forecast that Applied Materials, Inc. will post 12.13 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio is presently 19.91%.

Insider Activity at Applied Materials

In related news, Director Thomas J. Iannotti sold 9,250 shares of the 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 transaction, the director owned 40,559 shares of the company’s stock, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the transaction, the senior vice president directly 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 278,088 shares of company stock valued at $169,654,805. 0.30% of the stock is currently owned by insiders.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Applied Materials rallied after CEO Gary Dickerson said chipmakers have “tremendous visibility” into demand, implying the AI investment cycle could support equipment orders for years rather than quarters. Applied Materials (AMAT) Stock Jumps after CEO Says AI Chip Demand Has Years to Run
• Positive Sentiment: Meta Platforms’ reported plan to begin manufacturing an in-house AI chip helped spark a broader rally in semiconductor equipment stocks, including Applied Materials, on expectations that AI infrastructure spending will remain strong. Applied Materials stock jumps as Meta AI chip plan lifts semiconductor names
• Positive Sentiment: Stifel and Needham both raised their price targets on AMAT and kept buy ratings, reinforcing the view that improving fundamentals and AI-driven demand could support further upside. Applied Materials PT Raised to $650 at Stifel
• Neutral Sentiment: Applied Materials was removed from several Russell value-oriented indices in late June, a classification change that reflects the stock’s shift toward being viewed more as an AI/semiconductor growth name than a value stock. How Investors Are Reacting To Applied Materials (AMAT) Being Dropped From Key Russell Value Indices
• Neutral Sentiment: Short-interest data showed no reported short interest as of July 10, offering little evidence of bearish positioning from the latest filing.

Analyst Ratings Changes

A number of research analysts have issued reports on AMAT shares. Sanford C. Bernstein restated an “outperform” rating and issued a $525.00 target price on shares of Applied Materials in a report on Friday, May 15th. JPMorgan Chase & Co. lifted 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. Needham & Company LLC boosted their price objective on shares of Applied Materials from $530.00 to $740.00 and gave the company a “buy” rating in a research report on Friday. Susquehanna upped their price objective on shares of Applied Materials from $575.00 to $900.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $589.48.

Applied Materials Company 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.