State Street Corp Has $9.75 Billion Stock Position in Applied Materials, Inc. $AMAT

State Street Corp lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,930,623 shares of the manufacturing equipment provider’s stock after selling 241,479 shares during the quarter. State Street Corp’s holdings in Applied Materials were worth $9,747,791,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMAT. Capital Research Global Investors lifted its holdings in shares of 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. Norges Bank acquired a new stake in shares of Applied Materials during the fourth quarter worth $2,858,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Applied Materials by 617.2% in the third 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 valued at $1,869,170,000 after purchasing an additional 7,856,576 shares in the last quarter. Ameriprise Financial Inc. raised its stake 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 purchasing an additional 3,583,751 shares in the last quarter. Finally, Coatue Management LLC acquired a new position in Applied Materials in the third quarter valued at about $685,684,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Stifel Nicolaus set a $530.00 price target on Applied Materials in a research note on Friday, May 15th. Mizuho boosted their price target on Applied Materials from $500.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Wells Fargo & Company boosted their price target on Applied Materials from $435.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. UBS Group boosted their price target on Applied Materials from $515.00 to $570.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Summit Insights raised Applied Materials from a “hold” rating to a “buy” rating in a research note on Friday, February 13th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $483.03.

Applied Materials Stock Up 2.6%

Shares of NASDAQ AMAT opened at $567.25 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22. The company has a market cap of $450.37 billion, a price-to-earnings ratio of 53.26, a PEG ratio of 1.54 and a beta of 1.67. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $569.95. The stock has a 50-day moving average price of $427.22 and a two-hundred day moving average price of $352.62.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.68 by $0.18. The firm had revenue of $7.91 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, analysts forecast that Applied Materials, Inc. will post 12.1 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

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

Key Applied Materials News

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

• Positive Sentiment: Barclays reiterated an Overweight rating on Applied Materials, saying investment in new chip supply remains strong and supporting the stock’s bullish momentum. Applied Materials and KLA Are Surging. Why You Should Buy the Stocks, Says This Analyst.
• Positive Sentiment: Erste Group Bank raised its earnings estimates for Applied Materials, lifting FY2026 EPS forecast to $12.20 and FY2027 to $16.29, while keeping a Buy rating. Applied Materials estimate revision
• Positive Sentiment: Several recent articles highlighted Applied Materials as a top momentum and AI-beneficiary stock, with commentary pointing to strong May performance, heavy hedge fund ownership, and broad analyst support. Is Applied Materials (AMAT) A Good Stock to Buy Now?
• Positive Sentiment: Investor attention is also being fueled by a recent 52-week-high move and reports of continued rotation into chip equipment stocks, reinforcing the view that AMAT remains a favored AI infrastructure name. Why Did AMAT, AMPG, OSCR Stocks Surge To 52-Week Highs Today?
• Neutral Sentiment: Other coverage today was largely repeated “great momentum stock” and “attracting investor attention” pieces, reflecting strong market interest rather than a new company-specific catalyst. Applied Materials (AMAT) is a Great Momentum Stock: Should You Buy?

Insider Transactions at Applied Materials

In other news, CAO Adam Sanders sold 268 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $434.22, for a total transaction of $116,370.96. Following the sale, 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 document filed with the SEC, which is accessible through the SEC website. Also, CFO Brice Hill sold 2,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $498.86, for a total value of $1,247,150.00. Following the sale, the chief financial officer owned 136,113 shares in the company, valued at approximately $67,901,331.18. This trade represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 53,896 shares of company stock valued at $27,135,121. 0.30% of the stock is currently owned by company insiders.

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.