Evergreen Private Wealth LLC Has $13.12 Million Holdings in Applied Materials, Inc. $AMAT

Key Points

• Evergreen Private Wealth LLC trimmed its Applied Materials stake by 7.7% in the first quarter, selling 3,204 shares and ending the period with 38,407 shares valued at about $13.12 million. Applied Materials remains its largest portfolio position at roughly 5.3% of assets.
• Applied Materials reported solid quarterly results, beating earnings and revenue estimates with EPS of $2.86 on revenue of $7.91 billion. The company also issued Q3 guidance above analysts’ expectations and recently declared a quarterly dividend of $0.53 per share.
• Wall Street sentiment remains bullish on AMAT, with multiple firms raising price targets, including Goldman Sachs and Morgan Stanley, while analysts now show a consensus rating of Moderate Buy. The stock has also benefited from broader strength in semiconductor and AI-related shares.

Evergreen Private Wealth LLC reduced its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,407 shares of the manufacturing equipment provider's stock after selling 3,204 shares during the period. Applied Materials makes up about 5.3% of Evergreen Private Wealth LLC's investment portfolio, making the stock its biggest position. Evergreen Private Wealth LLC's holdings in Applied Materials were worth $13,117,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new position in shares of Applied Materials in the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Applied Materials during the fourth quarter worth $26,000. Highline Wealth Partners LLC grew its stake in shares of Applied Materials by 48.7% during the fourth 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 during the period. Joseph Group Capital Management bought a new stake in Applied Materials in the fourth quarter valued at about $31,000. Finally, Dogwood Wealth Management LLC lifted its stake 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 buying an additional 44 shares during the period. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials News Roundup

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

• Positive Sentiment: Goldman Sachs raised its price target on Applied Materials to $645, reinforcing a bullish view on the company and helping fuel the semiconductor rally. 2 Chip Stocks Driving Today's Rally With Lofty Bull Notes
• Positive Sentiment: Morgan Stanley increased its price target on AMAT from $502 to $647, while keeping an equal-weight rating, signaling improved expectations for the stock’s valuation. Susquehanna Lifts PT on Applied Materials (AMAT) – Here’s Why
• Positive Sentiment: Applied Materials unveiled its AI-powered SENZ platform, designed to speed development of smart glasses by integrating optics, light engines, vision correction, and dimming into one system. That supports the company’s AI growth narrative and could open new product opportunities. Applied Materials (AMAT) Unveils AI-Powered SENZ Platform to Accelerate Smart Glasses Development
• Positive Sentiment: Chip stocks are broadly rallying as investors position around strong AI and semiconductor demand, which is helping lift Applied Materials along with the sector. The Second-Biggest Stock Sale in History Hits the Nasdaq Friday, and Chip Stocks Are Ripping
• Neutral Sentiment: Several recent market commentaries and “best stocks to buy” articles have highlighted AMAT’s momentum, but these are more sentiment indicators than direct catalysts for the shares. Is Applied Materials (AMAT) One of the Best Stocks on the Rise to Invest In?
• Neutral Sentiment: Investor interest in AMAT remains elevated, with Zacks noting the stock has been trending among users, but this does not by itself change fundamentals. Is Trending Stock Applied Materials, Inc. (AMAT) a Buy Now?

Applied Materials Stock Performance

Shares of AMAT opened at $536.38 on Tuesday. The firm has a market cap of $425.87 billion, a P/E ratio of 50.99, a PEG ratio of 1.68 and a beta of 1.57. Applied Materials, Inc. has a twelve month low of $154.46 and a twelve month high of $739.67. 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 firm's 50 day moving average price is $499.51 and its two-hundred day moving average price is $391.80.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued 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 company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, analysts forecast that Applied Materials, Inc. will post 12.11 EPS for the current fiscal year.

Applied Materials Announces Dividend

The company 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. The ex-dividend date is Thursday, August 20th. This represents a $2.12 annualized dividend and a yield of 0.4%. Applied Materials's payout ratio is presently 19.91%.

Insider Activity

In other news, CEO Gary E. Dickerson sold 71,727 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the completion of the transaction, the chief executive officer directly owned 1,695,164 shares of the company's stock, valued at $1,006,503,625. This trade represents a 4.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy M. Deane sold 8,621 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the transaction, the senior vice president directly owned 134,631 shares of the company's stock, valued at $79,534,609.56. This represents a 6.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus set a $530.00 target price on Applied Materials in a research report on Friday, May 15th. Zacks Research upgraded shares of Applied Materials from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Applied Materials from $450.00 to $550.00 and gave the company a "buy" rating in a report on Friday, May 15th. UBS Group lifted their price target on shares of Applied Materials from $515.00 to $570.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Finally, HC Wainwright set a $850.00 price target on shares of Applied Materials in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $569.65.

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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