Applied Materials, Inc. $AMAT is Plimoth Trust Co. LLC’s 7th Largest Position

Plimoth Trust Co. LLC lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 6.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,537 shares of the manufacturing equipment provider’s stock after selling 2,039 shares during the period. Applied Materials accounts for about 2.1% of Plimoth Trust Co. LLC’s investment portfolio, making the stock its 7th largest position. Plimoth Trust Co. LLC’s holdings in Applied Materials were worth $9,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of AMAT. Vanguard Group Inc. grew its stake in Applied Materials by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 76,779,340 shares of the manufacturing equipment provider’s stock valued at $19,731,523,000 after acquiring an additional 330,197 shares in the last quarter. Capital Research Global Investors lifted its stake in Applied Materials by 119.8% in the 4th quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock worth $8,405,458,000 after purchasing an additional 17,829,377 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Applied Materials by 40.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider’s stock worth $2,563,376,000 after purchasing an additional 3,583,751 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Applied Materials by 3.4% during the 4th quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider’s stock valued at $2,947,891,000 after purchasing an additional 373,012 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Applied Materials during the 4th quarter valued at about $2,858,543,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Omkaram Nalamasu sold 24,263 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the transaction, the senior vice president 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 can be accessed through the SEC website. Also, CEO Gary E. Dickerson sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $735.22, for a total value of $14,704,400.00. Following the transaction, the chief executive officer directly owned 1,599,843 shares in the company, valued at approximately $1,176,236,570.46. This represents a 1.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AMAT shares. Truist Financial set a $575.00 target price on Applied Materials in a report on Thursday, May 28th. Zacks Research raised Applied Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Sanford C. Bernstein restated an “outperform” rating and set a $525.00 price target on shares of Applied Materials in a report on Friday, May 15th. HC Wainwright set a $850.00 price target on Applied Materials in a report on Monday. Finally, Barclays lifted their price objective on Applied Materials from $500.00 to $590.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $553.56.

Applied Materials Stock Performance

Applied Materials stock opened at $603.04 on Friday. The company’s 50-day moving average price is $499.51 and its 200-day moving average price is $390.89. 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 company has a market cap of $478.79 billion, a PE ratio of 56.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.57. Applied Materials, Inc. has a twelve month low of $154.46 and a twelve month high of $739.67.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.18. The firm 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%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, equities research analysts forecast that Applied Materials, Inc. will post 12.11 EPS 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 $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio (DPR) is presently 19.91%.

Key Stories Impacting Applied Materials

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

• Positive Sentiment: Analysts remain broadly bullish on Applied Materials, with Zacks upgrading the stock to strong-buy and other recent research highlighting AMAT as a key beneficiary of the AI semiconductor equipment cycle. Article Title
• Positive Sentiment: Recent coverage says Applied Materials is benefiting from accelerating growth in AI-related chip demand, with record earnings momentum and a new Street-high target reinforcing the bull case. Article Title
• Positive Sentiment: Applied Materials also discussed DRAM and advanced packaging innovations tied to AI-driven semiconductor growth, which supports the view that its product mix remains well positioned for the current cycle. Article Title
• Neutral Sentiment: Some articles question whether AMAT is becoming too expensive after its rally, suggesting valuation concerns could limit upside if growth expectations cool. Article Title
• Neutral Sentiment: Michael Burry reportedly added to short bets against Applied Materials and other chip names, adding a bearish sentiment overlay on the semiconductor sector. Article Title
• Negative Sentiment: Applied Materials CEO Gary Dickerson disclosed two recent stock sales totaling more than 78,000 shares, which can weigh on investor sentiment even though he still owns a large position. Article Title
• Negative Sentiment: Semiconductor stocks, including AMAT, also came under pressure in broader sector selloffs as investors worried that AI-driven chip demand may be cooling and took profits after a strong rally. Article Title

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.