Bank of New York Mellon Corp Raises Stock Position in Applied Materials, Inc. $AMAT

Bank of New York Mellon Corp raised its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,945,840 shares of the manufacturing equipment provider’s stock after buying an additional 681,274 shares during the period. Bank of New York Mellon Corp’s holdings in Applied Materials were worth $2,298,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Applied Materials by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 76,779,340 shares of the manufacturing equipment provider’s stock worth $19,731,523,000 after acquiring an additional 330,197 shares during the period. Capital Research Global Investors raised its position in Applied Materials by 225.4% during the third quarter. Capital Research Global Investors now owns 14,877,672 shares of the manufacturing equipment provider’s stock valued at $3,046,057,000 after acquiring an additional 10,305,182 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Applied Materials by 40.1% in the third quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider’s stock valued at $2,563,376,000 after acquiring an additional 3,583,751 shares during the period. Norges Bank purchased a new stake in Applied Materials in the 4th quarter worth approximately $2,858,543,000. Finally, Sanders Capital LLC boosted its position in Applied Materials by 42.6% in the 3rd quarter. Sanders Capital LLC now owns 10,978,990 shares of the manufacturing equipment provider’s stock worth $2,247,838,000 after purchasing an additional 3,280,730 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Activity

In related news, CAO Adam Sanders sold 268 shares of the business’s stock in a transaction dated 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 directly owned 4,280 shares in the company, valued at approximately $1,858,461.60. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Judy Bruner sold 1,128 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $450.00, for a total transaction of $507,600.00. Following the sale, the director directly owned 26,544 shares of the company’s stock, valued at approximately $11,944,800. This represents a 4.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

AMAT has been the subject of several recent research reports. Royal Bank Of Canada lifted their target price on shares of Applied Materials from $500.00 to $520.00 and gave the company an “outperform” rating in a report on Friday, May 15th. TD Cowen raised their price target on shares of Applied Materials from $450.00 to $525.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Wall Street Zen raised shares of Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. DZ Bank raised shares of Applied Materials to a “hold” rating in a research note on Monday, February 16th. Finally, Bank of America raised their target price on Applied Materials from $465.00 to $540.00 and gave the company a “buy” rating in a research report 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $470.13.

Applied Materials Stock Up 7.0%

Shares of NASDAQ AMAT opened at $490.05 on Wednesday. The firm has a market cap of $389.08 billion, a price-to-earnings ratio of 46.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.67. The company’s 50-day simple moving average is $399.26 and its 200-day simple moving average is $335.80. 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 52-week low of $154.46 and a 52-week high of $491.51.

Applied Materials (NASDAQ:AMAT) last released its earnings results 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. The business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities analysts predict that Applied Materials, Inc. will post 12.02 EPS for the current fiscal year.

Applied Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be paid a $0.53 dividend. This is an increase from Applied Materials’s previous quarterly dividend of $0.46. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, May 21st. Applied Materials’s payout ratio is 19.91%.

Key Stories Impacting Applied Materials

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

• Positive Sentiment: Jim Cramer said Applied Materials “can’t keep up with demand” and later added that he’s betting the company “will just keep winning,” reinforcing a bullish narrative around AI-driven semiconductor equipment demand. Applied Materials (AMAT) Can’t Keep Up With Demand, Says Jim Cramer
• Positive Sentiment: Applied Materials presented at the Bank of America 2026 Global Technology Conference, keeping the stock in focus and potentially giving management a chance to highlight demand trends, margin outlook, and AI-related opportunities. Applied Materials, Inc. (AMAT) Presents at Bank of America 2026 Global Technology Conference Transcript
• Positive Sentiment: Multiple recent articles describe AMAT as a trending stock and note Wall Street’s bullish view, suggesting investor sentiment remains constructive heading into the next catalyst. Is It Worth Investing in Applied Materials (AMAT) Based on Wall Street’s Bullish Views?
• Positive Sentiment: Another piece highlights AMAT’s growing attention among investors, which can support momentum in a stock that is already trading near its 52-week high. Applied Materials, Inc. (AMAT) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Several commentary pieces discuss Applied Materials’ “real value” and broader AI investment themes, but they do not appear to include a direct new fundamental update that would materially change the near-term outlook. Applied Materials And Its Real Value
• Neutral Sentiment: Broadcom-related coverage mentioned Applied Materials as a partner in new AI data center and network platform announcements, but the impact on AMAT itself appears indirect for now. Why Broadcom (AVGO) Is Up 11.1% After New AI Data Center And Edge Network Platforms

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.