Artemis Wealth Advisors LLC Makes New $1.93 Million Investment in Applied Materials, Inc. $AMAT

Key Points

• Artemis Wealth Advisors disclosed a new position in Applied Materials, buying 7,500 shares valued at about $1.93 million. The stake now represents roughly 0.3% of the firm’s portfolio and its 19th-largest holding.
• Applied Materials recently reported better-than-expected quarterly results, with EPS of $2.86 and revenue of $7.91 billion, both topping analyst estimates. The company also guided Q3 2026 EPS to a range of $3.16 to $3.56.
• Analysts remain broadly constructive on the stock, with several firms raising price targets and the consensus rating sitting at Moderate Buy. The article also notes a recent dividend of $0.53 per share and continued strong institutional ownership.

Artemis Wealth Advisors LLC purchased a new position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,500 shares of the manufacturing equipment provider's stock, valued at approximately $1,927,000. Applied Materials makes up approximately 0.3% of Artemis Wealth Advisors LLC's investment portfolio, making the stock its 19th biggest holding.

Several other hedge funds have also bought and sold shares of the stock. Redmont Wealth Advisors LLC purchased a new stake in shares of Applied Materials during the 3rd quarter valued at about $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Applied Materials during the 4th quarter valued at about $26,000. Highline Wealth Partners LLC raised its position in shares of Applied Materials by 48.7% during the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider's stock valued at $30,000 after buying an additional 38 shares in the last quarter. Joseph Group Capital Management purchased a new stake in shares of Applied Materials during the 4th quarter valued at about $31,000. Finally, Dogwood Wealth Management LLC raised its position in shares of Applied Materials by 52.4% during the 4th quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider's stock valued at $33,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Applied Materials Price Performance

Shares of AMAT stock opened at $567.25 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 has a market capitalization of $450.37 billion, a P/E ratio of 53.26, a P/E/G ratio of 1.58 and a beta of 1.67. The company's 50-day simple moving average is $427.22 and its two-hundred day simple moving average is $352.62. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $569.95.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.18. The business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, equities analysts anticipate that Applied Materials, Inc. will post 12.1 EPS for the current year.

Applied Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 yield of 0.4%. The ex-dividend date is Thursday, August 20th. Applied Materials's dividend payout ratio is currently 19.91%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Applied Materials from $515.00 to $570.00 and gave the company a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Applied Materials from $400.00 to $515.00 and gave the company an "overweight" rating in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Applied Materials from a "hold" rating to a "buy" rating in a research report on Saturday, May 23rd. Bank of America upped their target price on shares of Applied Materials from $465.00 to $540.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Applied Materials in a research report on Friday, March 27th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Applied Materials has a consensus rating of "Moderate Buy" and an average price target of $483.03.

Trending Headlines about Applied Materials

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 Activity at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 268 shares of the company's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $434.22, for a total value of $116,370.96. Following the transaction, the chief accounting officer directly owned 4,280 shares in the company, valued at $1,858,461.60. This represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brice Hill sold 2,500 shares of the company's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $498.86, for a total transaction of $1,247,150.00. Following the completion of the transaction, the chief financial officer owned 136,113 shares in the company, valued at $67,901,331.18. This represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 53,896 shares of company stock valued at $27,135,121 over the last 90 days. 0.30% of the stock is currently owned by insiders.

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.

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