Fifth Third Wealth Advisors LLC Has $9.93 Million Position in Applied Materials, Inc. $AMAT

Fifth Third Wealth Advisors LLC lessened its position in Applied Materials, Inc. (NASDAQ:AMAT) by 7.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,049 shares of the manufacturing equipment provider’s stock after selling 2,328 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Applied Materials were worth $9,929,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Financial Management LLC acquired a new position in shares of Applied Materials in the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC acquired a new stake in Applied Materials during the 4th quarter worth $26,000. Highline Wealth Partners LLC lifted its holdings in Applied Materials by 48.7% during the fourth quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock worth $30,000 after acquiring an additional 38 shares in the last quarter. Joseph Group Capital Management bought a new position in Applied Materials during the fourth quarter worth about $31,000. Finally, Dogwood Wealth Management LLC grew its stake in Applied Materials by 52.4% in the fourth quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider’s stock valued at $33,000 after acquiring an additional 44 shares during the period. 80.56% of the stock is owned by institutional investors.

Applied Materials Trading Up 0.1%

Shares of NASDAQ:AMAT opened at $586.54 on Thursday. The company’s 50-day moving average price is $463.44 and its two-hundred day moving average price is $372.78. 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. The stock has a market capitalization of $465.69 billion, a PE ratio of 55.07, a price-to-earnings-growth ratio of 1.63 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.18. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.Applied Materials’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, equities analysts forecast that Applied Materials, Inc. will post 12.1 EPS for the current fiscal year.

Applied Materials Dividend Announcement

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

Trending Headlines about 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?

Analyst Upgrades and Downgrades

AMAT has been the subject of several recent analyst reports. HSBC assumed coverage on Applied Materials in a report on Friday, May 8th. They issued a “buy” rating and a $517.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Applied Materials from $450.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Truist Financial set a $575.00 target price on Applied Materials in a research note on Thursday, May 28th. Citigroup lifted their price target on shares of Applied Materials from $550.00 to $710.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, TD Cowen upped their price target on shares of Applied Materials from $450.00 to $525.00 and gave the company a “buy” rating in a report on Friday, May 15th. Twenty-seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $501.26.

Insider Buying and Selling

In related news, SVP Timothy M. Deane sold 8,621 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $590.76, for a total value of $5,092,941.96. Following the completion of the transaction, the senior vice president directly owned 134,631 shares of the company’s stock, valued at approximately $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Iannotti sold 9,250 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the transaction, the director owned 40,559 shares in the company, valued at approximately $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. Insiders have sold a total of 199,767 shares of company stock worth $114,104,709 in the last quarter. 0.30% of the stock is owned by company insiders.

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.