Glenmede Trust Co. NA Sells 75,114 Shares of Applied Materials, Inc. $AMAT

Glenmede Trust Co. NA trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 16.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 390,765 shares of the manufacturing equipment provider’s stock after selling 75,114 shares during the period. Glenmede Trust Co. NA’s holdings in Applied Materials were worth $133,560,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Evolve Private Wealth LLC boosted its stake in Applied Materials by 59.0% during the first 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 period. WealthPlan Investment Management LLC purchased a new position in Applied Materials during the fourth quarter worth about $1,082,000. Ameritas Advisory Services LLC increased its stake in Applied Materials by 183.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,073 shares of the manufacturing equipment provider’s stock worth $790,000 after acquiring an additional 1,990 shares during the last quarter. Dorato Capital Management bought a new position in Applied Materials in the 4th quarter worth about $1,744,000. Finally, Assetmark Inc. raised its holdings in shares of Applied Materials by 9.3% in the 4th quarter. Assetmark Inc. now owns 376,513 shares of the manufacturing equipment provider’s stock valued at $96,760,000 after acquiring an additional 32,136 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Key Applied Materials News

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

• Positive Sentiment: Semiconductor stocks rallied this week on strong technology earnings, while three semiconductor ETFs ranked among the largest recipients of new investor cash. The sector-wide buying provides a favorable backdrop for Applied Materials. Semiconductor ETFs Draw Cash This Week as Chip Stocks Rally
• Positive Sentiment: A bullish analysis maintains a “Strong Buy” view after AMAT’s substantial multiyear advance, citing the company’s exposure to AI-driven semiconductor equipment demand and continued operating momentum. Applied Materials: Why I’m Maintaining A Strong Buy After A 45% Run
• Positive Sentiment: Zacks highlighted Applied Materials’ AI-driven momentum, record results, expanding margins and improving customer visibility. These factors reinforce expectations for durable growth. AMAT recently exceeded quarterly earnings and revenue estimates, with revenue increasing year over year and upbeat quarterly earnings guidance. The Zacks Analyst Blog Highlights Applied Materials
• Neutral Sentiment: Coverage of Lam Research’s surge indicates that AI equipment demand was already visible in industry results. This supports the semiconductor-equipment cycle generally, although it does not provide a company-specific update for AMAT. Lam Research Stock’s Surge Was Building In Plain Sight
• Negative Sentiment: Despite long-term support from initiatives such as the AI Materials Foundry, one valuation analysis argues that AMAT may not be a bargain after a 218.9% five-year gain. The elevated valuation and high expectations could limit additional upside or increase sensitivity to any slowdown in AI-related spending. Applied Materials Stock May Not Be A Bargain Despite AI Materials Foundry News

Applied Materials Price Performance

AMAT opened at $507.67 on Friday. The stock has a 50-day moving average price of $550.86 and a 200-day moving average price of $429.98. Applied Materials, Inc. has a 12-month low of $154.46 and a 12-month high of $739.67. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $403.07 billion, a P/E ratio of 47.67, a PEG ratio of 1.27 and a beta of 1.57.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 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% on a year-over-year basis. During the same period in the prior year, the company earned $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities analysts predict that Applied Materials, Inc. will post 12.14 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, August 20th. Applied Materials’s dividend payout ratio (DPR) is presently 19.91%.

Insider Activity

In other Applied Materials news, CEO Gary E. Dickerson sold 71,727 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the transaction, the chief executive officer directly owned 1,695,164 shares of the company’s stock, valued at approximately $1,006,503,625. This trade represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Omkaram Nalamasu sold 24,263 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 278,088 shares of company stock valued at $169,654,805. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

AMAT has been the subject of a number of research analyst reports. Wall Street Zen downgraded Applied Materials from a “buy” rating to a “hold” rating in a research report on Saturday. HC Wainwright set a $850.00 price objective on shares of Applied Materials in a research report on Monday, June 29th. HSBC reaffirmed a “buy” rating and issued a $683.00 target price on shares of Applied Materials in a research note on Monday. Raymond James Financial set a $650.00 target price on shares of Applied Materials in a research report on Wednesday, June 10th. Finally, Stifel Nicolaus boosted their price target on shares of Applied Materials from $530.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Applied Materials has an average rating of “Moderate Buy” and an average price target of $599.19.

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.