PNC Financial Services Group Inc. Has $101.30 Million Position in Applied Materials, Inc. $AMAT

PNC Financial Services Group Inc. decreased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 1.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 494,775 shares of the manufacturing equipment provider’s stock after selling 5,895 shares during the period. PNC Financial Services Group Inc. owned about 0.06% of Applied Materials worth $101,300,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in AMAT. Sagespring Wealth Partners LLC boosted its holdings in Applied Materials by 0.5% during the third quarter. Sagespring Wealth Partners LLC now owns 8,340 shares of the manufacturing equipment provider’s stock worth $1,707,000 after purchasing an additional 43 shares during the last quarter. REAP Financial Group LLC lifted its position in Applied Materials by 7.0% during the 3rd quarter. REAP Financial Group LLC now owns 657 shares of the manufacturing equipment provider’s stock worth $135,000 after buying an additional 43 shares in the last quarter. Sunflower Bank N.A. boosted its stake in shares of Applied Materials by 1.4% during the 3rd quarter. Sunflower Bank N.A. now owns 3,287 shares of the manufacturing equipment provider’s stock worth $673,000 after buying an additional 46 shares during the last quarter. Outlook Wealth Advisors LLC boosted its stake in shares of Applied Materials by 4.0% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 1,233 shares of the manufacturing equipment provider’s stock worth $252,000 after buying an additional 47 shares during the last quarter. Finally, Welch Group LLC grew its holdings in shares of Applied Materials by 3.0% in the 3rd quarter. Welch Group LLC now owns 1,741 shares of the manufacturing equipment provider’s stock valued at $356,000 after acquiring an additional 50 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Key Applied Materials News

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

• Positive Sentiment: Q1 results beat consensus — EPS of $2.38 topped estimates and revenue of $7.01B beat expectations, evidence that services and AI-related demand are offsetting cyclical headwinds. This beat is the primary catalyst for the rally. Applied Materials Q1 Earnings Beat Estimates, Revenues Fall Y/Y
• Positive Sentiment: Strong guidance and AI-driven order cadence — management set Q2 EPS and revenue guidance above Street consensus and highlighted surging orders tied to AI processors and tightening memory demand, supporting a view of sustained equipment spending. Applied Materials jumps as AI demand drives chipmaking tool orders
• Positive Sentiment: Analyst upgrades and price-target increases — multiple firms raised ratings/targets (examples cited include Needham, Mizuho, Citigroup, B. Riley), which amplifies buying momentum and reduces near-term downside from sell-side skepticism.
• Neutral Sentiment: Regulatory settlement resolved — Applied reached a $252.5M civil settlement with the U.S. Department of Commerce over prior export issues; DOJ and SEC closed related probes without action. The payment is a one-time cost but it removes regulatory overhang going forward. Applied Materials Reaches Resolution with the U.S. Department of Commerce
• Negative Sentiment: Valuation concerns and bear case commentary — some analysts and op-eds argue the stock’s run has left limited upside and warn of pricey multiples; this creates the risk of profit-taking if future execution or guidance lags. Applied Materials: Little Opportunity Left After A Monstrous Run

Analyst Ratings Changes

AMAT has been the topic of several analyst reports. Susquehanna upgraded Applied Materials from a “neutral” rating to a “positive” rating and upped their target price for the stock from $180.00 to $400.00 in a report on Sunday, January 11th. Stifel Nicolaus upped their price objective on Applied Materials from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday. KGI Securities raised shares of Applied Materials to an “outperform” rating and set a $425.00 target price for the company in a research note on Friday. B. Riley Securities restated a “buy” rating and set a $450.00 target price (up from $400.00) on shares of Applied Materials in a report on Friday. Finally, Summit Insights raised shares of Applied Materials from a “hold” rating to a “buy” rating in a research report on Friday. Twenty-eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $361.03.

Applied Materials Stock Performance

NASDAQ AMAT opened at $354.91 on Monday. The stock has a market cap of $281.70 billion, a PE ratio of 36.33, a P/E/G ratio of 3.13 and a beta of 1.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.94 and a current ratio of 2.71. The firm has a 50-day moving average of $295.20 and a 200-day moving average of $237.05. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $376.32.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, February 12th. The manufacturing equipment provider reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.19. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.88 billion. Applied Materials had a net margin of 27.78% and a return on equity of 37.52%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.38 EPS. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. On average, sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, February 19th. Applied Materials’s dividend payout ratio is currently 18.83%.

Insider Buying and Selling at Applied Materials

In related news, CAO Adam Sanders sold 609 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $255.53, for a total value of $155,617.77. Following the transaction, the chief accounting officer directly owned 4,413 shares in the company, valued at approximately $1,127,653.89. This represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Teri A. Little sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $238.24, for a total transaction of $952,960.00. Following the transaction, the senior vice president directly owned 84,351 shares in the company, valued at $20,095,782.24. This represents a 4.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,609 shares of company stock worth $2,044,898 in the last quarter. Company insiders own 0.30% of the company’s stock.

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.