BI Asset Management Fondsmaeglerselskab A S Has $145.61 Million Stock Position in Applied Materials, Inc. $AMAT

BI Asset Management Fondsmaeglerselskab A S lowered its position in Applied Materials, Inc. (NASDAQ:AMAT) by 2.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 426,009 shares of the manufacturing equipment provider’s stock after selling 9,829 shares during the quarter. Applied Materials accounts for about 1.5% of BI Asset Management Fondsmaeglerselskab A S’s holdings, making the stock its 11th largest position. BI Asset Management Fondsmaeglerselskab A S’s holdings in Applied Materials were worth $145,606,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Applied Materials by 0.4% in 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 purchasing an additional 330,197 shares in the last quarter. Capital Research Global Investors boosted its stake in Applied Materials by 119.8% during the fourth quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock worth $8,405,458,000 after buying an additional 17,829,377 shares in the last quarter. Ameriprise Financial Inc. increased its holdings 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 valued at $2,563,376,000 after buying an additional 3,583,751 shares during the period. Morgan Stanley increased its holdings in Applied Materials by 3.4% in 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 buying an additional 373,012 shares during the period. Finally, Norges Bank acquired a new position in shares of Applied Materials in the 4th quarter valued at $2,858,543,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Activity

In other Applied Materials news, CEO Gary E. Dickerson sold 71,727 shares of Applied Materials stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total value of $42,587,906.25. Following the completion of the transaction, the chief executive officer owned 1,695,164 shares in the company, valued at approximately $1,006,503,625. The trade was a 4.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Iannotti sold 9,250 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total value of $5,547,872.50. Following the completion of the transaction, the director directly owned 40,559 shares in the company, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 189,767 shares of company stock worth $107,769,409. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMAT. Truist Financial set a $575.00 price objective on shares of Applied Materials in a report on Thursday, May 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Applied Materials in a research report on Friday, March 27th. Argus raised their price target on shares of Applied Materials from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. KeyCorp lifted their price objective on Applied Materials from $450.00 to $550.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Finally, UBS Group raised their target price on Applied Materials from $515.00 to $570.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight 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 an average price target of $489.16.

Applied Materials Price Performance

NASDAQ:AMAT opened at $617.11 on Friday. The firm has a market cap of $489.96 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 1.72 and a beta of 1.67. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $638.90. 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’s 50-day moving average price is $451.05 and its two-hundred day moving average price is $364.90.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.18. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.68 billion. During the same quarter last year, the business posted $2.39 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, equities analysts anticipate that Applied Materials, Inc. will post 12.1 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a yield of 0.3%. Applied Materials’s dividend payout ratio is 19.91%.

Applied Materials News Summary

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

• Positive Sentiment: Applied Materials’ AGS services business is being highlighted as a long-term growth engine, with AI-enabled services and expanding margins potentially creating more recurring revenue. Can AMAT’s AGS Business Become a Long-Term Growth Driver?
• Positive Sentiment: Shares are benefiting from renewed enthusiasm around AI demand and strong earnings momentum, with articles noting the stock has been hitting new highs after solid results and upbeat guidance. AI Demand, Earnings Send Applied Materials to New Highs
• Positive Sentiment: Applied Materials launched SENZ with Qualcomm and EssilorLuxottica for AI eyewear, reinforcing investor hopes that the company can expand beyond core chipmaking tools into adjacent growth markets. Applied Materials (AMAT) Launches SENZ With Qualcomm And EssilorLuxottica For AI Eyewear
• Positive Sentiment: Analyst sentiment remains constructive, with higher price targets such as Citi’s $710 view helping fuel the rally by suggesting AI demand can justify the premium valuation. Applied Materials (AMAT) Stock Rallies 8.75% on Citi’s Bullish $710 Price Target
• Neutral Sentiment: Several insiders, including CEO Gary Dickerson and SVP Omkaram Nalamasu, sold shares this week; while the sales were small relative to their remaining holdings, they can weigh on sentiment. Why Applied Materials Insiders Sold $65 Million Worth of Stock
• Neutral Sentiment: Some commentary warns the stock looks expensive after a sharp year-to-date surge, with valuation comparisons to the dot-com era potentially prompting caution despite the strong fundamental backdrop. Applied Materials stock valuation and performance

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.