Twin City Private Wealth LLC Sells 967 Shares of Applied Materials, Inc. $AMAT

Twin City Private Wealth LLC lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 10.5% in the first quarter, HoldingsChannel reports. The firm owned 8,278 shares of the manufacturing equipment provider’s stock after selling 967 shares during the period. Applied Materials makes up approximately 2.1% of Twin City Private Wealth LLC’s investment portfolio, making the stock its 12th biggest holding. Twin City Private Wealth LLC’s holdings in Applied Materials were worth $2,829,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC acquired a new stake in shares of Applied Materials during the fourth quarter worth approximately $25,000. Wilkerson Advisory Group LLC bought a new position in shares of Applied Materials in the fourth quarter valued at approximately $26,000. MBM Wealth Consultants LLC acquired a new position in shares of Applied Materials in the 1st quarter worth approximately $38,000. Highline Wealth Partners LLC grew its position 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 worth $30,000 after acquiring an additional 38 shares during the last quarter. Finally, Joseph Group Capital Management bought a new stake in Applied Materials during the 4th quarter worth approximately $31,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

More Applied Materials News

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

• Positive Sentiment: Analysts remained constructive on Applied Materials, with Erste Group raising FY2026 and FY2027 EPS estimates and Cantor Fitzgerald lifting its price target to $850 while keeping an Overweight rating.
• Positive Sentiment: Recent coverage highlighted Applied Materials as a major beneficiary of AI-driven chip spending, with the stock hitting all-time highs and posting its best monthly rally since 1975, supported by stronger earnings expectations and improved sentiment across semiconductor equipment names.
• Neutral Sentiment: Broader market commentary noted that chip stocks were the main laggard even as most equities moved higher, suggesting sector rotation rather than company-specific fundamentals may have pressured AMAT.
• Negative Sentiment: Technical analysts warned that Applied Materials had become extremely overbought and could be due for a reversal after its steep surge, which may have contributed to profit-taking.
• Negative Sentiment: CEO Gary E. Dickerson disclosed two stock sales totaling more than 78,000 shares over June 29-30, a move that can weigh on sentiment even though he still retains a very large stake.

Applied Materials Stock Down 10.0%

NASDAQ AMAT opened at $650.91 on Thursday. The stock has a market capitalization of $516.80 billion, a P/E ratio of 61.12, a price-to-earnings-growth ratio of 2.01 and a beta of 1.56. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week high of $739.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51. The stock has a fifty day moving average of $491.34 and a 200-day moving average of $386.97.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) 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 analyst estimates of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, equities research analysts forecast that Applied Materials, Inc. will post 12.11 EPS for the current year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s payout ratio is currently 19.91%.

Insider Activity at Applied Materials

In other news, insider Prabu G. Raja sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $505.28, for a total value of $25,264,000.00. Following the transaction, the insider owned 356,642 shares of the company’s stock, valued at approximately $180,204,069.76. This trade represents a 12.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary E. Dickerson sold 71,727 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the sale, the chief executive officer owned 1,695,164 shares of the company’s stock, valued at approximately $1,006,503,625. This represents a 4.06% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 278,088 shares of company stock worth $169,654,805. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on AMAT shares. Needham & Company LLC lifted their price objective on Applied Materials from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Bank of America increased their target price on Applied Materials from $540.00 to $720.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Wells Fargo & Company raised their target price on Applied Materials from $715.00 to $740.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. KeyCorp lifted their price target on Applied Materials from $550.00 to $750.00 and gave the company an “overweight” rating in a report on Monday. Finally, TD Cowen upped their price target on shares of Applied Materials from $450.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $553.56.

About Applied Materials

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.