BNB Wealth Management LLC Acquires New Holdings in Applied Materials, Inc. $AMAT

BNB Wealth Management LLC purchased a new position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,780 shares of the manufacturing equipment provider's stock, valued at approximately $458,000.

Several other institutional investors have also added to or reduced their stakes in AMAT. Cornerstone Financial Management LLC purchased a new stake in shares of Applied Materials in the fourth quarter worth $25,000. Wilkerson Advisory Group LLC purchased a new position in Applied Materials during the fourth quarter valued at $26,000. Highline Wealth Partners LLC grew its stake 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 valued at $30,000 after acquiring an additional 38 shares in the last quarter. Joseph Group Capital Management purchased a new position in Applied Materials during the fourth quarter valued at $31,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Applied Materials during the third quarter valued at $26,000. 80.56% of the stock is currently owned by institutional investors.

Insider Activity at Applied Materials

In other Applied Materials news, Director Thomas J. Iannotti sold 9,250 shares of the company's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the completion of the transaction, the director directly owned 40,559 shares in the company, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Prabu G. Raja sold 50,000 shares of the company'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 transaction, the insider owned 356,642 shares of the company's stock, valued at $180,204,069.76. This represents a 12.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 189,767 shares of company stock valued at $107,769,409 in the last three months. Company insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Raymond James Financial set a $650.00 price objective on shares of Applied Materials in a research report on Wednesday, June 10th. UBS Group raised 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, June 10th. Bank of America raised 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. Wolfe Research lifted their price objective on shares of Applied Materials from $500.00 to $550.00 and gave the stock an "outperform" rating in a research report on Friday, May 15th. Finally, Truist Financial set a $575.00 price target on shares of Applied Materials in a research note on Thursday, May 28th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Applied Materials presently has a consensus rating of "Moderate Buy" and an average price target of $489.16.

More Applied Materials News

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

• Positive Sentiment: Citi raised its price target on Applied Materials, boosting confidence that AI infrastructure spending and demand for memory-chip manufacturing tools will keep growth strong. Applied Materials surges as Citi lifts target on AI demand boom
• Positive Sentiment: The company unveiled SENZ, an integrated AI/AR smart-glasses visual platform, expanding its story beyond semiconductor equipment into next-generation optics and wearable tech. EssilorLuxottica and Applied Materials Join Forces to Advance Augmented Reality Optics Platforms for Next-Generation Smart Glasses
• Positive Sentiment: Applied Materials and EssilorLuxottica announced a long-term partnership to develop AR and AI smart-eyewear optics, suggesting an additional growth avenue and validating AMAT’s materials expertise. EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology
• Positive Sentiment: Multiple reports highlighted record highs and strong momentum for chip-equipment stocks, with AMAT benefiting from the broader AI-driven rally in semiconductor capital equipment. Applied Materials Stock Is One Of the S&P 500 Leaders Today. It's AI.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $592.92 on Thursday. 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 company has a fifty day moving average of $441.16 and a two-hundred day moving average of $360.55. The stock has a market capitalization of $470.75 billion, a PE ratio of 55.67, a P/E/G ratio of 1.58 and a beta of 1.67. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $623.35.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.18. The company had revenue of $7.91 billion during the quarter, compared to analysts' expectations of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The firm's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, research analysts forecast that Applied Materials, Inc. will post 12.1 earnings per share 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. Shareholders of record on Thursday, August 20th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. Applied Materials's dividend 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.

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