Corient Private Wealth LLC Buys 29,186 Shares of Applied Materials, Inc. $AMAT

Key Points

• Corient Private Wealth LLC increased its stake in Applied Materials by 8.9% in the fourth quarter, buying 29,186 additional shares and bringing its total holdings to 358,395 shares worth about $92.2 million.
• Applied Materials has been drawing strong institutional and analyst support, with 80.56% of shares owned by institutions and multiple Wall Street firms raising price targets; the consensus rating remains Moderate Buy.
• The company recently beat earnings and revenue estimates, posting $2.86 EPS on $7.91 billion in revenue, while also highlighting growth themes tied to AI demand and new initiatives like its SENZ AI eyewear launch.

Corient Private Wealth LLC grew its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 358,395 shares of the manufacturing equipment provider's stock after purchasing an additional 29,186 shares during the period. Corient Private Wealth LLC's holdings in Applied Materials were worth $92,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cornerstone Financial Management LLC acquired a new position in shares of Applied Materials during the fourth quarter worth $25,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Applied Materials during the 4th quarter valued at $26,000. 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. Joseph Group Capital Management acquired a new position in Applied Materials in the 4th quarter worth about $31,000. Finally, Dogwood Wealth Management LLC increased its holdings in Applied Materials by 52.4% in the 4th quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider's stock worth $33,000 after purchasing an additional 44 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

More Applied Materials News

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

• Positive Sentiment: Applied Materials’ AGS services business is being highlighted as a long-term growth engine, with AI-enabled services and expanding margins potentially creating more recurring revenue. Can AMAT's AGS Business Become a Long-Term Growth Driver?
• Positive Sentiment: Shares are benefiting from renewed enthusiasm around AI demand and strong earnings momentum, with articles noting the stock has been hitting new highs after solid results and upbeat guidance. AI Demand, Earnings Send Applied Materials to New Highs
• Positive Sentiment: Applied Materials launched SENZ with Qualcomm and EssilorLuxottica for AI eyewear, reinforcing investor hopes that the company can expand beyond core chipmaking tools into adjacent growth markets. Applied Materials (AMAT) Launches SENZ With Qualcomm And EssilorLuxottica For AI Eyewear
• Positive Sentiment: Analyst sentiment remains constructive, with higher price targets such as Citi’s $710 view helping fuel the rally by suggesting AI demand can justify the premium valuation. Applied Materials (AMAT) Stock Rallies 8.75% on Citi’s Bullish $710 Price Target
• Neutral Sentiment: Several insiders, including CEO Gary Dickerson and SVP Omkaram Nalamasu, sold shares this week; while the sales were small relative to their remaining holdings, they can weigh on sentiment. Why Applied Materials Insiders Sold $65 Million Worth of Stock
• Neutral Sentiment: Some commentary warns the stock looks expensive after a sharp year-to-date surge, with valuation comparisons to the dot-com era potentially prompting caution despite the strong fundamental backdrop. Applied Materials stock valuation and performance

Analysts Set New Price Targets

Several equities analysts have commented on AMAT shares. Deutsche Bank Aktiengesellschaft increased their target price on Applied Materials from $450.00 to $550.00 and gave the company a "buy" rating in a research report on Friday, May 15th. B. Riley Financial upped their price objective on Applied Materials from $530.00 to $550.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Zacks Research downgraded shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Stifel Nicolaus set a $530.00 price target on shares of Applied Materials in a research report on Friday, May 15th. Finally, Needham & Company LLC raised their price target on shares of Applied Materials from $440.00 to $530.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Applied Materials has an average rating of "Moderate Buy" and an average price target of $489.16.

Applied Materials Price Performance

Applied Materials stock opened at $617.11 on Friday. The stock's 50 day moving average is $451.05 and its 200 day moving average is $364.90. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $638.90. The firm has a market cap of $489.96 billion, a P/E ratio of 57.94, a P/E/G ratio of 1.72 and a beta of 1.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.18. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.68 billion. During the same quarter in the prior year, the firm posted $2.39 EPS. The company's revenue for the quarter 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. As a group, research analysts expect that Applied Materials, Inc. will post 12.1 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a $0.53 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 annualized dividend and a dividend yield of 0.3%. Applied Materials's dividend payout ratio (DPR) is 19.91%.

Insider Buying and Selling

In other Applied Materials news, SVP Omkaram Nalamasu sold 24,263 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the sale, the senior vice president directly owned 146,916 shares in the company, valued at approximately $87,184,361.88. The trade was a 14.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Prabu G. Raja sold 50,000 shares of Applied Materials stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $505.28, for a total value of $25,264,000.00. Following the completion of the sale, the insider owned 356,642 shares of the company's stock, valued at approximately $180,204,069.76. The trade was a 12.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 189,767 shares of company stock worth $107,769,409 over the last three months. Insiders own 0.30% of the company's stock.

Applied Materials Company Profile

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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