Flputnam Investment Management Co. Has $15.67 Million Stock Holdings in Applied Materials, Inc. $AMAT

Flputnam Investment Management Co. cut its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,960 shares of the manufacturing equipment provider’s stock after selling 1,315 shares during the period. Flputnam Investment Management Co.’s holdings in Applied Materials were worth $15,666,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Applied Materials during the 3rd quarter worth about $26,000. Highline Wealth Partners LLC increased its stake in shares of Applied Materials by 48.7% during the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock worth $30,000 after purchasing an additional 38 shares during the last quarter. Joseph Group Capital Management acquired a new position in shares of Applied Materials during the 4th quarter worth about $31,000. Dogwood Wealth Management LLC increased its stake in shares of Applied Materials by 52.4% during the 4th quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider’s stock worth $33,000 after purchasing an additional 44 shares during the last quarter. Finally, IMG Wealth Management Inc. increased its stake in shares of Applied Materials by 147.2% during the 4th quarter. IMG Wealth Management Inc. now owns 131 shares of the manufacturing equipment provider’s stock worth $34,000 after purchasing an additional 78 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Applied Materials

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

• Positive Sentiment: Applied Materials reported fiscal Q2 sales of $7.91 billion and net income of $2.81 billion, topping expectations and showing continued solid execution. Applied Materials (AMAT) Is Up 11.8% After Raising Q3 Outlook And Expanding AI Packaging Alliance
• Positive Sentiment: The company lifted Q3 2026 revenue guidance to about $8.95 billion, suggesting management sees ongoing strength in semiconductor 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 and process innovation efforts, including new collaboration with partners such as Broadcom and SCREEN Semiconductor Solutions, which could support longer-term growth in advanced chip packaging. Applied Materials (AMAT) Is Up 11.8% After Raising Q3 Outlook And Expanding AI Packaging Alliance
• Positive Sentiment: The newly announced SCREEN partnership at the EPIC Center adds another innovation partner focused on advanced wafer cleaning, which may help improve yields and accelerate next-generation chip production. Applied Materials Partners with SCREEN To Bring Advanced Wafer Cleaning Technologies to EPIC Center
• Neutral Sentiment: An insider filing showed CAO Adam Sanders sold 268 shares, but the transaction was small relative to his remaining stake and is unlikely to materially affect the stock. Applied Materials, Inc. CAO Adam Sanders sold 268 shares
• Negative Sentiment: A broad market commentary piece warned that momentum stocks can reverse after strong runs, which may temper enthusiasm for recently extended winners like AMAT. Intel, AMD, and Other Momentum Stocks Look Unstoppable. Look Again.

Insider Activity

In other Applied Materials news, CAO Adam Sanders sold 268 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $434.22, for a total transaction of $116,370.96. Following the transaction, the chief accounting officer owned 4,280 shares in the company, valued at $1,858,461.60. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by insiders.

Applied Materials Stock Performance

Shares of NASDAQ:AMAT opened at $454.89 on Wednesday. The company’s 50 day moving average price is $391.25 and its two-hundred day moving average price is $329.61. Applied Materials, Inc. has a 12-month low of $153.47 and a 12-month high of $456.78. The firm has a market cap of $361.16 billion, a PE ratio of 42.71, a PEG ratio of 1.21 and a beta of 1.66. 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) last announced 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 net margin of 29.31% and a return on equity of 36.97%. The firm 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 business posted $2.39 EPS. The business’s revenue 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 predict that Applied Materials, Inc. will post 12.02 earnings per share for the current year.

Applied Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, May 21st. This is a boost from Applied Materials’s previous quarterly dividend of $0.46. Applied Materials’s dividend payout ratio (DPR) is currently 19.91%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMAT. Jefferies Financial Group upped their price target on shares of Applied Materials from $415.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. upped their price target on shares of Applied Materials from $400.00 to $515.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Summit Insights upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a research note on Friday, February 13th. TD Cowen upped their price target on shares of Applied Materials from $450.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Stifel Nicolaus set a $530.00 price target on shares of Applied Materials in a research note on Friday, May 15th. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Applied Materials has a consensus rating of “Moderate Buy” and a consensus price target of $465.14.

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.