Applied Materials, Inc. $AMAT Shares Sold by Huntington National Bank

Posted by Nicole Kennedy on Feb 28th, 2026

Huntington National Bank trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 21.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,051 shares of the manufacturing equipment provider’s stock after selling 30,268 shares during the period. Huntington National Bank’s holdings in Applied Materials were worth $22,737,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Marquette Asset Management LLC boosted its holdings in shares of Applied Materials by 150.0% in the third quarter. Marquette Asset Management LLC now owns 125 shares of the manufacturing equipment provider’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Applied Materials in the third quarter valued at about $26,000. Manning & Napier Advisors LLC purchased a new stake in Applied Materials in the 3rd quarter valued at approximately $31,000. Financial Gravity Companies Inc. acquired a new position in Applied Materials during the 2nd quarter worth approximately $31,000. Finally, Guerra Advisors Inc acquired a new position in Applied Materials during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Key Stories Impacting Applied Materials

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

Positive Sentiment: Analyst upgrade pushed the stock higher intraday — a broker upgrade cited improved fundamentals/visibility and sent shares up before broader market weakness set in. Applied Materials (NASDAQ:AMAT) Trading 4.5% Higher After Analyst Upgrade
Positive Sentiment: Morgan Stanley reiterated a bullish view with forecasts for strong price appreciation, reinforcing investor confidence that equipment makers like AMAT will benefit from sustained AI and memory capex. Morgan Stanley Forecasts Strong Price Appreciation for Applied Materials (NASDAQ:AMAT) Stock
Positive Sentiment: Industry research highlights that AI spending is shifting value to semiconductor equipment suppliers — a structural tailwind for AMAT as fabs invest in logic, DRAM, HBM and advanced packaging. The AI spending boom is creating winners beyond the ‘Mag 7.’ Why one sector could see big gains.
Positive Sentiment: Analyst commentary (Zacks) notes AMAT is scaling up exposure to logic, DRAM and advanced packaging (GAA, hybrid bonding, HBM), which supports multi‑year revenue growth assumptions. AMAT Scales Up Logic, DRAM & Advanced Packaging: What’s Ahead?
Neutral Sentiment: Investor Q: “Is it too late?” coverage and articles looking at valuation after a big one‑year run can increase profit‑taking; these pieces examine multiples and momentum without new company fundamentals. Is It Too Late To Consider Applied Materials (AMAT) After A 130% One Year Surge?
Neutral Sentiment: Questions about outperforming benchmarks—coverage comparing AMAT to the S&P 500—are framing some investors’ benchmark/rebalancing decisions rather than signaling near‑term fundamental change. Is Applied Materials Stock Outperforming the S&P 500?
Neutral Sentiment: Reported short‑interest entries for late Feb look erroneous/incomplete (zeros/NaN); investors should treat those figures cautiously and watch for corrected filings. (Data reported 2/25–2/26)
Negative Sentiment: Sector sell‑off after Nvidia’s earnings created downward pressure—concerns about the sustainability of AI capex flow prompted a pullback in AMAT despite recent strength. A Look At Applied Materials (AMAT) Valuation After Sector Sell Off On AI Spending Concerns
Negative Sentiment: News items grouping AMAT with other semiconductor names that are falling amplify momentum selling and may trigger short‑term downside as traders reduce exposure. Applied Materials, Broadcom, Lam Research, Western Digital, and Allegro MicroSystems shares are falling, what you need to know

Applied Materials Stock Performance

NASDAQ:AMAT opened at $372.30 on Friday. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $317.30 and a two-hundred day moving average price of $249.53. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $395.95. The company has a market capitalization of $295.46 billion, a P/E ratio of 38.11, a price-to-earnings-growth ratio of 1.70 and a beta of 1.70.

Applied Materials (NASDAQ:AMAT – Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The manufacturing equipment provider reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.17. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.88 billion. Applied Materials had a net margin of 27.78% and a return on equity of 37.52%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.38 earnings per share. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. As a group, research analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Royal Bank Of Canada set a $430.00 price target on Applied Materials in a research note on Friday, February 13th. Wells Fargo & Company boosted their target price on shares of Applied Materials from $350.00 to $435.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. upped their price target on shares of Applied Materials from $220.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Weiss Ratings upgraded shares of Applied Materials from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Finally, Mizuho boosted their price objective on shares of Applied Materials from $370.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $363.46.

Check Out Our Latest Stock Analysis on Applied Materials

Insiders Place Their Bets

In related news, CAO Adam Sanders sold 609 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $255.53, for a total transaction of $155,617.77. Following the sale, the chief accounting officer owned 4,413 shares of the company’s stock, valued at $1,127,653.89. This trade represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judy Bruner sold 3,969 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $377.02, for a total transaction of $1,496,392.38. Following the completion of the transaction, the director directly owned 28,589 shares of the company’s stock, valued at $10,778,624.78. The trade was a 12.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 12,612 shares of company stock valued at $4,639,807. Corporate insiders own 0.30% of the company’s stock.

Applied Materials Company Profile

(Free Report)

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.