First American Trust FSB Buys 5,673 Shares of Applied Materials, Inc. $AMAT

Key Points

• First American Trust FSB increased its Applied Materials stake by 143.9% in the fourth quarter, buying 5,673 additional shares and bringing its holdings to 9,614 shares worth about $2.47 million.
• Applied Materials reported strong quarterly results, with EPS of $2.86 versus $2.68 expected and revenue of $7.91 billion versus $7.68 billion estimated. Revenue rose 11.4% year over year, and the company issued Q3 2026 EPS guidance of $3.16 to $3.56.
• The company also announced a quarterly dividend of $0.53 per share, payable September 10, while Wall Street remains broadly bullish with 27 Buy ratings and an average price target of $480.13.

First American Trust FSB grew its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 143.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,614 shares of the manufacturing equipment provider's stock after acquiring an additional 5,673 shares during the period. First American Trust FSB's holdings in Applied Materials were worth $2,471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new position in shares of Applied Materials during the 3rd quarter valued at approximately $26,000. Highline Wealth Partners LLC grew 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 acquiring an additional 38 shares during the period. Joseph Group Capital Management bought a new position in shares of Applied Materials during the 4th quarter valued at approximately $31,000. Dogwood Wealth Management LLC grew 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 acquiring an additional 44 shares during the period. Finally, IMG Wealth Management Inc. grew its position in shares of Applied Materials by 147.2% during the 4th quarter. IMG Wealth Management Inc. now owns 131 shares of the manufacturing equipment provider's stock valued at $34,000 after acquiring an additional 78 shares during the period. 80.56% of the stock is owned by institutional investors.

Insider Activity

In other Applied Materials news, insider Prabu G. Raja sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $505.28, for a total value of $25,264,000.00. Following the sale, the insider directly owned 356,642 shares in the company, valued at $180,204,069.76. This represents a 12.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the chief accounting officer owned 4,280 shares in the company, valued at $1,858,461.60. This represents a 5.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 53,896 shares of company stock valued at $27,135,121. 0.30% of the stock is owned by company insiders.

Applied Materials Stock Performance

Shares of AMAT stock opened at $497.01 on Thursday. The stock has a market capitalization of $394.61 billion, a P/E ratio of 46.67, a PEG ratio of 1.40 and a beta of 1.67. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22. The firm's 50 day moving average is $418.73 and its 200 day moving average is $348.79. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $534.44.

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

Applied Materials Dividend Announcement

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 dividend payout ratio is currently 19.91%.

Wall Street Analysts Forecast Growth

AMAT has been the subject of a number of research reports. HSBC initiated coverage on shares of Applied Materials in a research report on Friday, May 8th. They set a "buy" rating and a $517.00 target price for the company. KGI Securities raised shares of Applied Materials to an "outperform" rating and set a $425.00 target price for the company in a research report on Friday, February 13th. Weiss Ratings reissued a "buy (b-)" rating on shares of Applied Materials in a research report on Friday, March 27th. Royal Bank Of Canada upped their price target on shares of Applied Materials from $500.00 to $520.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. Finally, Susquehanna upped their price target on shares of Applied Materials from $435.00 to $500.00 and gave the company a "positive" rating in a research note on Thursday, April 9th. Twenty-seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $480.13.

Applied Materials News Summary

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

• Positive Sentiment: Applied Materials received a new Street-high price target from a top Wall Street analyst, reinforcing the view that the stock can still move higher. Applied Materials Stock (AMAT) Scores a New Street-High Price Target from a Top Wall Street Analyst
• Positive Sentiment: The company expanded its Singapore manufacturing and R&D footprint with a $500 million Tampines Campus to support rising AI-chip demand, which highlights long-term growth opportunities in semiconductor equipment. Applied Materials Expands Singapore Manufacturing to Support AI Chip Demand
• Positive Sentiment: Cantor also raised price targets across chip-equipment peers, including Applied Materials, adding to the bullish analyst backdrop for the group. KLA Corp., Lam Research, Applied Materials, ASML in focus as Cantor ups price targets
• Neutral Sentiment: Applied Materials announced a quarterly cash dividend of $0.53 per share, signaling strong capital returns, though the move is usually more supportive than immediately price-driving. Applied Materials Announces Cash Dividend
• Negative Sentiment: Some coverage noted the stock slipping in pre-market trading despite the expansion news, suggesting investors are weighing the capital spending against the long-term AI demand story. AMAT Stock Falls despite Capacity Expansion as AI Fuels Demand for Chipmaking Gears

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.