Cardano Risk Management B.V. bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 382,307 shares of the manufacturing equipment provider’s stock, valued at approximately $130,668,000. Applied Materials comprises about 1.3% of Cardano Risk Management B.V.’s investment portfolio, making the stock its 20th largest holding.
A number of other large investors have also added to or reduced their stakes in AMAT. Capital Research Global Investors boosted its holdings in shares of 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 valued at $8,405,458,000 after buying an additional 17,829,377 shares in the last quarter. Norges Bank purchased a new position in shares of Applied Materials in the 4th quarter worth approximately $2,858,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Applied Materials by 617.2% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,129,483 shares of the manufacturing equipment provider’s stock worth $1,869,170,000 after acquiring an additional 7,856,576 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Applied Materials by 40.1% during 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 acquiring an additional 3,583,751 shares in the last quarter. Finally, Auto Owners Insurance Co lifted its position in Applied Materials by 25,824.4% during the fourth quarter. Auto Owners Insurance Co now owns 3,370,167 shares of the manufacturing equipment provider’s stock valued at $86,610,000 after acquiring an additional 3,357,167 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.
Key Stories Impacting Applied Materials
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: Wells Fargo lifted its price target on Applied Materials to $715 from $520 and kept an Overweight rating, citing continued strength in semiconductor capital equipment demand and AI infrastructure spending. Is Applied Materials (AMAT) the Best All-Time High Stock with Legs to Rally Further?
- Positive Sentiment: Bank of America also raised its price target on AMAT to $720 from $540 and reiterated a Buy rating, suggesting analysts see additional upside from AI-led chip demand. Applied Materials price target raised by Bank of America
- Positive Sentiment: Recent coverage highlighted Applied Materials as a potential winner from growing semiconductor complexity and AI chip production, with some commentary arguing the stock may still be undervalued relative to long-term growth prospects. How Applied Materials Could Become the Next $1 Trillion Chip Stock
- Neutral Sentiment: Insider Prabu G. Raja sold 10,000 shares, a transaction that may get attention but does not necessarily signal a change in the company’s outlook. SEC Form 4 filing
- Neutral Sentiment: Applied Materials announced a quarterly dividend of $0.53 per share, which is supportive for income-focused investors but not a major short-term catalyst. Applied Materials insider trades and dividend announcement
- Negative Sentiment: Some recent articles noted that AMAT’s valuation has become stretched after a strong rally, which could limit near-term upside if AI spending expectations ease. Applied Materials Stock Looks Pricey—Can AI Demand Justify the Rally?
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on AMAT
Applied Materials Price Performance
NASDAQ AMAT opened at $586.54 on Thursday. The company has a market cap of $465.69 billion, a price-to-earnings ratio of 55.07, a PEG ratio of 1.63 and a beta of 1.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The stock’s fifty day moving average price is $463.44 and its 200 day moving average price is $372.78. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $641.18.
Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.68 billion. During the same quarter in the previous year, the firm posted $2.39 EPS. The firm’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. As a group, equities research analysts forecast that Applied Materials, Inc. will post 12.1 earnings per share for the current year.
Applied Materials Announces Dividend
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. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. Applied Materials’s dividend payout ratio (DPR) is currently 19.91%.
Insider Buying and Selling at Applied Materials
In other Applied Materials news, Director Thomas J. Iannotti sold 9,250 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the completion of the sale, the director directly owned 40,559 shares in the company, valued at approximately $24,326,071.43. The trade was a 18.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Prabu G. Raja sold 10,000 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the completion of the sale, the insider directly owned 346,642 shares in the company, valued at $219,608,106.26. This trade represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 199,767 shares of company stock worth $114,104,709. Corporate insiders own 0.30% of the company’s stock.
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.
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