Applied Materials, Inc. $AMAT Shares Acquired by Glenview Trust Co

Glenview Trust Co lifted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 38.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,531 shares of the manufacturing equipment provider’s stock after acquiring an additional 12,596 shares during the period. Glenview Trust Co’s holdings in Applied Materials were worth $15,562,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Financial Freedom LLC acquired a new stake in Applied Materials during the 1st quarter worth $28,000. Cornerstone Financial Management LLC acquired a new position in Applied Materials in the fourth quarter valued at $25,000. Whipplewood Advisors LLC increased its stake in Applied Materials by 218.8% in the first quarter. Whipplewood Advisors LLC now owns 102 shares of the manufacturing equipment provider’s stock valued at $35,000 after purchasing an additional 70 shares during the period. Wilkerson Advisory Group LLC purchased a new stake in shares of Applied Materials in the fourth quarter valued at about $26,000. Finally, MBM Wealth Consultants LLC purchased a new stake in shares of Applied Materials in the first quarter valued at about $38,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Applied Materials

In other Applied Materials news, SVP Omkaram Nalamasu sold 24,263 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Prabu G. Raja sold 10,000 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the transaction, the insider directly owned 346,642 shares in the company, valued at approximately $219,608,106.26. This trade represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 278,088 shares of company stock valued at $169,654,805. 0.30% of the stock is owned by company insiders.

Applied Materials Stock Down 0.7%

Shares of NASDAQ:AMAT opened at $525.70 on Tuesday. 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. The firm’s 50-day simple moving average is $534.76 and its 200-day simple moving average is $415.98. The company has a market cap of $417.38 billion, a price-to-earnings ratio of 49.36, a PEG ratio of 1.35 and a beta of 1.57.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 29.31% and a return on equity of 36.97%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, equities research analysts predict that Applied Materials, Inc. will post 12.14 earnings per share for the current year.

Applied Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMAT. Erste Group Bank raised Applied Materials from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Raymond James Financial set a $650.00 price objective on Applied Materials in a research note on Wednesday, June 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Applied Materials in a research report on Wednesday, June 24th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $525.00 target price on shares of Applied Materials in a research note on Friday, May 15th. Finally, Bank of America lifted their target price on Applied Materials from $540.00 to $720.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Applied Materials presently has an average rating of “Moderate Buy” and a consensus price target of $593.84.

Key Headlines Impacting Applied Materials

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

• Positive Sentiment: Applied Materials joined CuspAI’s newly launched AI Materials Foundry as a founding member, a move that could help accelerate semiconductor materials discovery and reinforce AMAT’s role in next-generation chip manufacturing. Applied Materials Joins CuspAI Foundry To Speed Semiconductor Materials Discovery
• Positive Sentiment: Industry commentary from Zacks highlighted AMAT as one of several semiconductor names benefiting from the growing proliferation of AI, which continues to support demand for advanced chips and equipment. 3 Stocks to Buy From the Prospering Semiconductor Industry
• Positive Sentiment: Another Zacks piece pointed to bullish Wall Street views on Applied Materials, suggesting analysts still see solid longer-term fundamentals for the stock. Should You Invest in Applied Materials Based on Bullish Wall Street Views?
• Neutral Sentiment: Applied Materials continues to be viewed favorably by brokerages overall, with a consensus “Moderate Buy” rating, which helps support sentiment but is not a fresh catalyst. Applied Materials Given Consensus Rating of Moderate Buy by Brokerages
• Negative Sentiment: InvestorPlace flagged a bearish seasonal signal for AMAT heading into late July, which may be pressuring sentiment in the near term. Three Stocks Just Flashed Seasonal Signals
• Negative Sentiment: AMAT also appears to be moving with the broader semiconductor downturn, as the SOX index has fallen into a bear market and investors worry the AI-driven rally may be losing momentum. Semiconductor stocks enter bear market: Is bubble burst next?

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.