Geode Capital Management LLC Has $4.77 Billion Stock Position in Applied Materials, Inc. $AMAT

Geode Capital Management LLC decreased its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 11.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,608,698 shares of the manufacturing equipment provider’s stock after selling 2,329,106 shares during the quarter. Geode Capital Management LLC’s holdings in Applied Materials were worth $4,767,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Godsey & Gibb Inc. raised its stake in shares of Applied Materials by 2.6% during the 4th quarter. Godsey & Gibb Inc. now owns 1,298 shares of the manufacturing equipment provider’s stock worth $334,000 after purchasing an additional 33 shares in the last quarter. Family Capital Management Inc. raised its stake in shares of Applied Materials by 0.8% in the 4th quarter. Family Capital Management Inc. now owns 4,227 shares of the manufacturing equipment provider’s stock valued at $1,086,000 after acquiring an additional 33 shares in the last quarter. Denali Advisors LLC raised its stake in shares of Applied Materials by 0.7% in the 4th quarter. Denali Advisors LLC now owns 4,582 shares of the manufacturing equipment provider’s stock valued at $1,178,000 after acquiring an additional 34 shares in the last quarter. Traveka Wealth LLC raised its stake in shares of Applied Materials by 2.6% in the 4th quarter. Traveka Wealth LLC now owns 1,404 shares of the manufacturing equipment provider’s stock valued at $361,000 after acquiring an additional 36 shares in the last quarter. Finally, Highline Wealth Partners LLC raised its stake in shares of Applied Materials by 48.7% in the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock valued at $30,000 after acquiring an additional 38 shares in the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Price Performance

Applied Materials stock opened at $448.25 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51. Applied Materials, Inc. has a 52 week low of $153.47 and a 52 week high of $462.40. The firm has a market cap of $355.89 billion, a P/E ratio of 42.09, a P/E/G ratio of 1.27 and a beta of 1.66. The business’s fifty day moving average is $393.29 and its two-hundred day moving average is $331.12.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.68 billion. During the same quarter in the prior year, the firm posted $2.39 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities research analysts forecast that Applied Materials, Inc. will post 12.02 earnings per share for the current fiscal year.

Applied Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a $0.53 dividend. This is a boost from Applied Materials’s previous quarterly dividend of $0.46. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, May 21st. Applied Materials’s dividend payout ratio is currently 19.91%.

Analysts Set New Price Targets

AMAT has been the topic of a number of research analyst reports. HSBC initiated coverage on Applied Materials in a report on Friday, May 8th. They issued a “buy” rating and a $517.00 target price on the stock. Jefferies Financial Group raised their target price on Applied Materials from $415.00 to $510.00 and gave the company a “buy” rating in a report on Friday, May 15th. JPMorgan Chase & Co. raised their target price on Applied Materials from $400.00 to $515.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Barclays raised their target price on Applied Materials from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Finally, Wolfe Research lifted their price objective on Applied Materials from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $466.52.

Insider Activity

In other Applied Materials news, CAO Adam Sanders sold 268 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $434.22, for a total value of $116,370.96. Following the completion of the sale, the chief accounting officer directly owned 4,280 shares in the company, valued at $1,858,461.60. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Applied Materials reported strong fiscal Q2 results, with revenue of $7.91 billion and EPS of $2.86, both ahead of estimates, which supports the case for continued fundamental strength. Applied Materials (AMAT) Is Up 11.8% After Raising Q3 Outlook And Expanding AI Packaging Alliance
• Positive Sentiment: The company raised Q3 2026 revenue guidance to about $8.95 billion, signaling management sees healthy demand in semiconductor equipment and AI-related spending. Applied Materials (AMAT) Is Up 11.8% After Raising Q3 Outlook And Expanding AI Packaging Alliance
• Positive Sentiment: Applied Materials expanded its AI packaging ecosystem by partnering with Broadcom and SCREEN Semiconductor Solutions, a development that could strengthen its position in next-generation chip packaging and advanced wafer cleaning. Applied Materials, Inc. (AMAT) Partners with Broadcom on Advanced Chip Packaging Technologies for AI Systems
• Positive Sentiment: The SCREEN partnership at the EPIC Center adds another innovation collaborator, which may improve chip yields and accelerate commercialization of advanced-node technologies. Applied Materials Partners with SCREEN To Bring Advanced Wafer Cleaning Technologies to EPIC Center
• Neutral Sentiment: CAO Adam Sanders sold 268 shares in a small insider transaction, which appears too minor to materially change the investment case. Applied Materials (NASDAQ:AMAT) CAO Sells $116,370.96 in Stock
• Negative Sentiment: A market commentary on momentum stocks warned that extended winners can pull back, which may be contributing to some caution around AMAT after its strong run. Intel, AMD, and Other Momentum Stocks Look Unstoppable. Look Again.

Applied Materials 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.