Gibbs Wealth Management grew its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 360.0% during the first quarter, HoldingsChannel.com reports. The firm owned 17,898 shares of the manufacturing equipment provider’s stock after buying an additional 14,007 shares during the period. Applied Materials makes up about 0.8% of Gibbs Wealth Management’s holdings, making the stock its 24th biggest holding. Gibbs Wealth Management’s holdings in Applied Materials were worth $6,117,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Capital Research Global Investors boosted its holdings in 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 worth $8,405,458,000 after buying an additional 17,829,377 shares during the last quarter. Norges Bank bought a new stake in shares of Applied Materials in the 4th quarter valued at about $2,858,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Applied Materials by 617.2% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,129,483 shares of the manufacturing equipment provider’s stock valued at $1,869,170,000 after acquiring an additional 7,856,576 shares during the period. Auto Owners Insurance Co boosted its stake in Applied Materials by 25,824.4% during the 4th quarter. Auto Owners Insurance Co now owns 3,370,167 shares of the manufacturing equipment provider’s stock worth $86,610,000 after acquiring an additional 3,357,167 shares during the last quarter. Finally, Coatue Management LLC boosted its stake in Applied Materials by 78.7% during the 4th quarter. Coatue Management LLC now owns 5,984,332 shares of the manufacturing equipment provider’s stock worth $1,537,913,000 after acquiring an additional 2,635,284 shares during the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, SVP Timothy M. Deane sold 8,621 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the completion of the transaction, the senior vice president directly owned 134,631 shares of the company’s stock, valued at $79,534,609.56. This trade represents a 6.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $5,547,872.50. Following the completion of the sale, the director directly owned 40,559 shares in the company, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 278,088 shares of company stock worth $169,654,805 in the last 90 days. Company insiders own 0.30% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Research Report on AMAT
Applied Materials Trading Up 1.6%
Shares of NASDAQ:AMAT opened at $562.80 on Friday. The firm has a market cap of $446.84 billion, a price-to-earnings ratio of 52.85, a PEG ratio of 1.41 and a beta of 1.57. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $739.67. The company’s fifty day simple moving average is $542.22 and its 200 day simple moving average is $422.30. 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 – Get Free Report) last released its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.68 billion. During the same quarter in the prior year, the company earned $2.39 EPS. The company’s revenue was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, research analysts forecast that Applied Materials, Inc. will post 12.14 EPS for the current fiscal year.
Applied Materials Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a dividend of $0.53 per share. 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 dividend payout ratio (DPR) is presently 19.91%.
Key Applied Materials News
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: Analysts expect Applied Materials’ upcoming fiscal third-quarter report on Aug. 13 to show double-digit earnings growth, reinforcing confidence in the company’s near-term fundamentals. What to Expect From Applied Materials’ Next Quarterly Earnings Report
- Positive Sentiment: Applied Materials was highlighted as a beneficiary of AI-driven semiconductor spending, with the sector rally and broader enthusiasm for chip equipment supporting sentiment around AMAT. Buy These 5 Semiconductor Stocks Charged Up by AI Enthusiasm
- Positive Sentiment: News that TSMC plans major expansion in Arizona and may raise chip prices helped boost Applied Materials, since more fab spending can translate into stronger equipment demand. Applied Materials (AMAT) Jumps On TSMC Expansion As Fair Value Debate Stays Open
- Positive Sentiment: The company announced it will report fiscal third-quarter 2026 results on Aug. 13, keeping investor focus on the next catalyst for the stock. Applied Materials to Report Fiscal Third Quarter 2026 Results on Aug. 13, 2026
- Neutral Sentiment: Several articles framed AMAT as a quality “wide-moat” semiconductor name and a stock to watch, but these pieces were more thematic than immediately market-moving. Top Wide-Moat Stocks to Invest in for Sustainable Growth
- Neutral Sentiment: Technical commentary suggested the stock had been under short-term pressure before rebounding, indicating volatility rather than a clear fundamental shift. History Says Applied Materials Stock Looks Ripe for Rebound
About Applied Materials
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.
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