Bank of New York Mellon Corp Has $2.94 Billion Holdings in Applied Materials, Inc. $AMAT

Bank of New York Mellon Corp lessened its position in Applied Materials, Inc. (NASDAQ:AMAT) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,599,639 shares of the manufacturing equipment provider’s stock after selling 346,201 shares during the quarter. Applied Materials comprises about 0.5% of Bank of New York Mellon Corp’s investment portfolio, making the stock its 26th biggest position. Bank of New York Mellon Corp owned about 1.08% of Applied Materials worth $2,939,271,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new stake in shares of Applied Materials in the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Applied Materials during the 4th quarter worth about $26,000. Financial Freedom LLC bought a new stake in Applied Materials during the 1st quarter valued at approximately $28,000. Highline Wealth Partners LLC boosted its stake in Applied Materials by 48.7% during the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock valued at $30,000 after purchasing an additional 38 shares during the period. Finally, Joseph Group Capital Management acquired a new stake in Applied Materials in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Down 2.7%

Shares of AMAT opened at $579.43 on Thursday. The stock has a market cap of $460.04 billion, a price-to-earnings ratio of 54.41, a P/E/G ratio of 1.51 and a beta of 1.57. 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, Inc. has a 12 month low of $154.46 and a 12 month high of $739.67. The company has a 50-day moving average price of $528.23 and a two-hundred day moving average price of $410.12.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $7.68 billion. During the same period in the prior year, the company posted $2.39 EPS. The company’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 analysts predict that Applied Materials, Inc. will post 12.13 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business 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 $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, August 20th. Applied Materials’s dividend payout ratio is 19.91%.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMAT. Bank of America lifted their price target on Applied Materials from $540.00 to $720.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Raymond James Financial set a $650.00 price objective on shares of Applied Materials in a research note on Wednesday, June 10th. Jefferies Financial Group boosted their target price on shares of Applied Materials from $510.00 to $770.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Morgan Stanley upped their target price on shares of Applied Materials from $502.00 to $647.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Applied Materials from $450.00 to $550.00 and gave the company a “buy” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $593.84.

Insider Transactions at Applied Materials

In other Applied Materials news, SVP Omkaram Nalamasu sold 24,263 shares of the stock in a transaction 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 $87,184,361.88. This represents a 14.17% decrease in their ownership of the stock. The transaction 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 Applied Materials stock in a transaction on Tuesday, June 16th. The shares were 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 of the company’s stock, valued at approximately $24,326,071.43. The trade was a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 278,088 shares of company stock valued at $169,654,805. 0.30% of the stock is owned by insiders.

Applied Materials News Summary

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

• Positive Sentiment: Management commentary suggested AI-driven semiconductor equipment spending could stay elevated for years, strengthening confidence in Applied Materials’ multiyear demand outlook. Applied Materials CEO Just Reinforced the AI Investment Thesis. How to Play AMAT Stock Here.
• Positive Sentiment: Mizuho raised its price target on AMAT, citing strong demand commentary and expecting EPS growth of more than 36% over the next year. Mizuho Raises PT on Applied Materials (AMAT)
• Positive Sentiment: Applied Materials was highlighted as a key AI infrastructure and “picks-and-shovels” play, with articles arguing the stock could continue trending higher alongside AI hardware spending. Applied Materials: The Picks-and-Shovels Play in an AI Era Will Continue to Trend Higher
• Positive Sentiment: Reports also pointed to a 10-year AI packaging partnership with TSMC and a Buy rating from Bernstein, both of which support the bull case for long-term demand. Applied Materials (AMAT) Lands 10 Year TSMC AI Packaging Partnership Applied Materials (AMAT) Gets a Buy from Bernstein
• Neutral Sentiment: Some commentary notes the stock has already run sharply over the past six months, so investors may be weighing whether much of the AI optimism is already priced in. 2 Reasons to Watch AMAT and 1 to Stay Cautious
• Neutral Sentiment: Broader semiconductor strength and lower inflation also helped sentiment across AI hardware names, including AMAT, KLA, and Teradyne. Applied Materials, KLA Corporation, and Teradyne Shares Skyrocket, What You Need To Know

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.