Evolve Private Wealth LLC Acquires 1,067 Shares of Applied Materials, Inc. $AMAT

Evolve Private Wealth LLC lifted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 59.0% during the first quarter, HoldingsChannel reports. The firm owned 2,875 shares of the manufacturing equipment provider’s stock after acquiring an additional 1,067 shares during the quarter. Evolve Private Wealth LLC’s holdings in Applied Materials were worth $983,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMAT. First Trust Advisors LP raised its position in Applied Materials by 4.9% in the 3rd quarter. First Trust Advisors LP now owns 3,101,772 shares of the manufacturing equipment provider’s stock valued at $635,057,000 after buying an additional 145,050 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its stake in Applied Materials by 21.8% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 96,712 shares of the manufacturing equipment provider’s stock valued at $19,801,000 after acquiring an additional 17,288 shares in the last quarter. Worth Asset Management LLC acquired a new position in Applied Materials during the 4th quarter worth approximately $1,531,000. World Investment Advisors boosted its position in Applied Materials by 4.5% during the 4th quarter. World Investment Advisors now owns 82,296 shares of the manufacturing equipment provider’s stock worth $21,149,000 after acquiring an additional 3,508 shares during the last quarter. Finally, Avity Investment Management Inc. grew its stake in shares of Applied Materials by 1.1% during the 3rd quarter. Avity Investment Management Inc. now owns 223,211 shares of the manufacturing equipment provider’s stock worth $45,700,000 after acquiring an additional 2,376 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Performance

Shares of AMAT opened at $585.88 on Wednesday. The company has a market cap of $465.17 billion, a PE ratio of 55.01, a price-to-earnings-growth ratio of 1.78 and a beta of 1.67. The firm has a 50-day moving average of $459.63 and a 200-day moving average of $370.55. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $641.18. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.68 billion. During the same period in the prior year, the firm earned $2.39 EPS. Applied Materials’s quarterly 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. As a group, equities analysts forecast that Applied Materials, Inc. will post 12.1 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s payout ratio is 19.91%.

More Applied Materials News

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

• Positive Sentiment: Wells Fargo upgraded Applied Materials to Buy, adding to a growing list of bullish analyst calls and reinforcing confidence in the company’s growth outlook.
• Positive Sentiment: Applied Materials unveiled two new chipmaking systems for next-generation AI chips, highlighting new product momentum in its core semiconductor equipment business and potential demand tied to AI infrastructure.
• Positive Sentiment: Recent commentary and analyst notes continue to suggest AI-driven semiconductor spending could support Applied Materials’ premium valuation and future earnings growth.
• Neutral Sentiment: Insider Prabu G. Raja sold 10,000 shares, a disclosure that may get attention but does not by itself signal a change in the company’s fundamentals.
• Negative Sentiment: Applied Materials fell alongside other chip names after a report that SK Hynix is slowing HBM expansion, which raised concerns about near-term AI-chip demand across the sector.
• Negative Sentiment: Some market coverage also flagged AMAT’s valuation as stretched after a strong rally, suggesting investors may be more sensitive to any slowdown in growth expectations.

Insider Transactions at Applied Materials

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 transaction of $14,398,392.09. Following the completion of the transaction, the senior vice president directly 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 legal filing with the SEC, which can be accessed through this link. Also, Director Thomas J. Iannotti sold 9,250 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 40,559 shares in the company, valued at $24,326,071.43. The trade was a 18.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 199,767 shares of company stock valued at $114,104,709. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMAT shares. Needham & Company LLC lifted their price objective on shares of Applied Materials from $440.00 to $530.00 and gave the company a “buy” rating in a report on Friday, May 15th. Citigroup increased their target price on shares of Applied Materials from $550.00 to $710.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Stifel Nicolaus set a $530.00 target price on shares of Applied Materials in a research report on Friday, May 15th. The Goldman Sachs Group lifted their price target on shares of Applied Materials from $390.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Wall Street Zen raised shares of Applied Materials from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Applied Materials presently has an average rating of “Moderate Buy” and a consensus target price of $501.26.

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.