Applied Materials, Inc. $AMAT Shares Sold by Huntington National Bank

Key Points

• Huntington National Bank trimmed its Applied Materials stake by 7.2% in the fourth quarter, selling 7,986 shares and leaving it with 103,065 shares valued at about $26.5 million.
• Applied Materials posted a strong fiscal Q2, with EPS of $2.86 and revenue of $7.91 billion, both beating expectations and up 11.4% from a year earlier. The company also raised its Q3 2026 revenue guidance to about $8.95 billion.
• Analysts remain constructive on the stock: several firms raised price targets, and MarketBeat says Applied Materials has a Moderate Buy consensus with an average target price of $466.52.

Huntington National Bank decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,065 shares of the manufacturing equipment provider's stock after selling 7,986 shares during the quarter. Huntington National Bank's holdings in Applied Materials were worth $26,487,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Applied Materials in the third quarter worth about $26,000. Highline Wealth Partners LLC boosted its stake in shares of Applied Materials by 48.7% in the fourth quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider's stock worth $30,000 after buying an additional 38 shares during the last quarter. Joseph Group Capital Management purchased a new stake in shares of Applied Materials in the fourth quarter worth about $31,000. Dogwood Wealth Management LLC boosted its stake in shares of Applied Materials by 52.4% in the fourth quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider's stock worth $33,000 after buying an additional 44 shares during the last quarter. Finally, IMG Wealth Management Inc. boosted its stake in shares of Applied Materials by 147.2% in the fourth quarter. IMG Wealth Management Inc. now owns 131 shares of the manufacturing equipment provider's stock worth $34,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Applied Materials reported strong fiscal Q2 results, with revenue of $7.91 billion and EPS of $2.86, both ahead of estimates, which supports the case for continued fundamental strength. Applied Materials (AMAT) Is Up 11.8% After Raising Q3 Outlook And Expanding AI Packaging Alliance
• Positive Sentiment: The company raised Q3 2026 revenue guidance to about $8.95 billion, signaling management sees healthy demand in semiconductor equipment and AI-related spending. Applied Materials (AMAT) Is Up 11.8% After Raising Q3 Outlook And Expanding AI Packaging Alliance
• Positive Sentiment: Applied Materials expanded its AI packaging ecosystem by partnering with Broadcom and SCREEN Semiconductor Solutions, a development that could strengthen its position in next-generation chip packaging and advanced wafer cleaning. Applied Materials, Inc. (AMAT) Partners with Broadcom on Advanced Chip Packaging Technologies for AI Systems
• Positive Sentiment: The SCREEN partnership at the EPIC Center adds another innovation collaborator, which may improve chip yields and accelerate commercialization of advanced-node technologies. Applied Materials Partners with SCREEN To Bring Advanced Wafer Cleaning Technologies to EPIC Center
• Neutral Sentiment: CAO Adam Sanders sold 268 shares in a small insider transaction, which appears too minor to materially change the investment case. Applied Materials NASDAQ: AMAT CAO Sells $116,370.96 in Stock
• Negative Sentiment: A market commentary on momentum stocks warned that extended winners can pull back, which may be contributing to some caution around AMAT after its strong run. Intel, AMD, and Other Momentum Stocks Look Unstoppable. Look Again.

Insider Activity at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 268 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $434.22, for a total transaction of $116,370.96. Following the completion of the transaction, the chief accounting officer owned 4,280 shares of the company's stock, valued at $1,858,461.60. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AMAT has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on Applied Materials from $500.00 to $520.00 and gave the stock an "outperform" rating in a research note on Friday, May 15th. The Goldman Sachs Group increased their price target on Applied Materials from $390.00 to $520.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. KeyCorp increased their price target on Applied Materials from $450.00 to $550.00 and gave the stock an "overweight" rating in a research report on Friday, May 15th. Susquehanna increased their price target on Applied Materials from $435.00 to $500.00 and gave the stock a "positive" rating in a research report on Thursday, April 9th. Finally, B. Riley Financial increased their price target on Applied Materials from $530.00 to $550.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $466.52.

Applied Materials Stock Performance

Shares of AMAT stock opened at $448.25 on Thursday. The company has a market capitalization of $355.89 billion, a P/E ratio of 42.09, a P/E/G ratio of 1.27 and a beta of 1.66. The business's 50 day moving average is $393.29 and its two-hundred day moving average is $331.12. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22. Applied Materials, Inc. has a 12-month low of $153.47 and a 12-month high of $462.40.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its 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. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The business had revenue of $7.91 billion during the quarter, compared to analysts' expectations of $7.68 billion. During the same quarter in the prior year, the firm earned $2.39 earnings per share. The business's revenue was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Analysts expect that Applied Materials, Inc. will post 12.02 EPS for the current fiscal year.

Applied Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 21st. This is an increase from Applied Materials's previous quarterly dividend of $0.46. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.5%. Applied Materials's payout ratio is currently 19.91%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.