Elevation Point Wealth Partners LLC Buys 7,573 Shares of Applied Materials, Inc. $AMAT

Elevation Point Wealth Partners LLC lifted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 114.2% in the first quarter, HoldingsChannel.com reports. The fund owned 14,207 shares of the manufacturing equipment provider’s stock after buying an additional 7,573 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Applied Materials were worth $4,856,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Cornerstone Financial Management LLC bought a new position in shares of Applied Materials in the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC acquired a new position in Applied Materials in the 4th quarter worth about $26,000. Highline Wealth Partners LLC increased its holdings in Applied Materials by 48.7% in the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock worth $30,000 after purchasing an additional 38 shares in the last quarter. Joseph Group Capital Management bought a new position in Applied Materials in the fourth quarter valued at about $31,000. Finally, Dogwood Wealth Management LLC raised its position 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 purchasing an additional 44 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Buying and Selling

In other news, insider Prabu G. Raja sold 50,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $505.28, for a total transaction of $25,264,000.00. Following the completion of the sale, the insider directly owned 356,642 shares of the company’s stock, valued at $180,204,069.76. This trade represents a 12.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Omkaram Nalamasu sold 24,263 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the transaction, the senior vice president owned 146,916 shares of the company’s stock, valued at approximately $87,184,361.88. The trade was a 14.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 278,088 shares of company stock valued at $169,654,805 over the last quarter. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

AMAT has been the subject of several analyst reports. B. Riley Financial raised their price target on shares of Applied Materials from $550.00 to $790.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Royal Bank Of Canada increased their price objective on Applied Materials from $500.00 to $520.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Needham & Company LLC raised their target price on Applied Materials from $440.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. HSBC began coverage on Applied Materials in a report on Friday, May 8th. They set a “buy” rating and a $517.00 target price on the stock. Finally, Argus increased their price target on Applied Materials from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and a consensus target price of $553.56.

Applied Materials Price Performance

AMAT stock opened at $603.04 on Friday. 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 company’s 50-day moving average is $499.51 and its 200-day moving average is $390.89. The stock has a market capitalization of $478.79 billion, a PE ratio of 56.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.57. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $739.67.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.18. The business had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. Applied Materials’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities research analysts expect that Applied Materials, Inc. will post 12.11 EPS for the current fiscal year.

Applied Materials Announces Dividend

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

Applied Materials News Roundup

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

• Positive Sentiment: Analysts remain broadly bullish on Applied Materials, with Zacks upgrading the stock to strong-buy and other recent research highlighting AMAT as a key beneficiary of the AI semiconductor equipment cycle. Article Title
• Positive Sentiment: Recent coverage says Applied Materials is benefiting from accelerating growth in AI-related chip demand, with record earnings momentum and a new Street-high target reinforcing the bull case. Article Title
• Positive Sentiment: Applied Materials also discussed DRAM and advanced packaging innovations tied to AI-driven semiconductor growth, which supports the view that its product mix remains well positioned for the current cycle. Article Title
• Neutral Sentiment: Some articles question whether AMAT is becoming too expensive after its rally, suggesting valuation concerns could limit upside if growth expectations cool. Article Title
• Neutral Sentiment: Michael Burry reportedly added to short bets against Applied Materials and other chip names, adding a bearish sentiment overlay on the semiconductor sector. Article Title
• Negative Sentiment: Applied Materials CEO Gary Dickerson disclosed two recent stock sales totaling more than 78,000 shares, which can weigh on investor sentiment even though he still owns a large position. Article Title
• Negative Sentiment: Semiconductor stocks, including AMAT, also came under pressure in broader sector selloffs as investors worried that AI-driven chip demand may be cooling and took profits after a strong rally. Article Title

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.