Applied Materials, Inc. $AMAT Stock Position Trimmed by State of Michigan Retirement System

State of Michigan Retirement System trimmed its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 255,055 shares of the manufacturing equipment provider’s stock after selling 1,200 shares during the period. State of Michigan Retirement System’s holdings in Applied Materials were worth $87,175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Wealth Management Group LLC raised its holdings in shares of Applied Materials by 4.9% during the first quarter. Private Wealth Management Group LLC now owns 531 shares of the manufacturing equipment provider’s stock valued at $181,000 after buying an additional 25 shares during the last quarter. Pinnacle Bancorp Inc. boosted its position in shares of Applied Materials by 1.3% during the first quarter. Pinnacle Bancorp Inc. now owns 2,082 shares of the manufacturing equipment provider’s stock worth $712,000 after buying an additional 27 shares during the period. Horst & Graben Wealth Management LLC grew its holdings in Applied Materials by 2.1% in the 1st quarter. Horst & Graben Wealth Management LLC now owns 1,304 shares of the manufacturing equipment provider’s stock worth $446,000 after buying an additional 27 shares in the last quarter. Warther Private Wealth LLC grew its holdings in Applied Materials by 1.5% in the 4th quarter. Warther Private Wealth LLC now owns 1,908 shares of the manufacturing equipment provider’s stock worth $490,000 after buying an additional 28 shares in the last quarter. Finally, Tradition Wealth Management LLC increased its position in Applied Materials by 3.1% in the 4th quarter. Tradition Wealth Management LLC now owns 1,031 shares of the manufacturing equipment provider’s stock valued at $265,000 after acquiring an additional 31 shares during the period. Institutional investors own 80.56% of the company’s stock.

Applied Materials Trading Down 4.5%

Shares of AMAT stock opened at $575.39 on Tuesday. The stock has a 50-day simple moving average of $521.52 and a 200 day simple moving average of $405.52. The stock has a market capitalization of $456.84 billion, a P/E ratio of 54.03, a P/E/G ratio of 1.53 and a beta of 1.57. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two 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.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results 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 the consensus estimate of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. Applied Materials’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. On average, sell-side analysts expect that Applied Materials, Inc. will post 12.13 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. Applied Materials’s dividend payout ratio (DPR) is currently 19.91%.

Analysts Set New Price Targets

Several brokerages have weighed in on AMAT. Zacks Research raised Applied Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. HC Wainwright set a $850.00 price objective on shares of Applied Materials in a research note on Monday, June 29th. UBS Group upped their price objective on shares of Applied Materials from $515.00 to $570.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Stifel Nicolaus increased their target price on shares of Applied Materials from $530.00 to $650.00 and gave the company a “buy” rating in a research report on Friday. Finally, Royal Bank Of Canada raised their target price on shares of Applied Materials from $500.00 to $520.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Applied Materials has an average rating of “Moderate Buy” and an average target price of $589.48.

Insider Buying and Selling at Applied Materials

In related news, insider Prabu G. Raja sold 10,000 shares of Applied Materials stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $633.53, for a total value of $6,335,300.00. Following the transaction, the insider directly owned 346,642 shares in the company, valued at $219,608,106.26. The trade was a 2.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas J. Iannotti sold 9,250 shares of the business’s stock in a transaction on 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is owned by insiders.

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.