First National Bank of Hutchinson Purchases New Position in Applied Materials, Inc. $AMAT

Key Points

• First National Bank of Hutchinson opened a new position in Applied Materials during the first quarter, buying 2,227 shares valued at about $761,000.
• Applied Materials reported strong quarterly results, with EPS of $2.86 beating estimates and revenue of $7.91 billion topping expectations; revenue rose 11.4% year over year.
• The stock continues to draw bullish analyst interest, with multiple price-target hikes and a consensus rating of “Moderate Buy,” while the company also announced a quarterly dividend of $0.53 per share.

First National Bank of Hutchinson purchased a new stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,227 shares of the manufacturing equipment provider's stock, valued at approximately $761,000.

Several other hedge funds also recently modified their holdings of the company. Private Wealth Management Group LLC grew its position in Applied Materials by 4.9% during the 1st quarter. Private Wealth Management Group LLC now owns 531 shares of the manufacturing equipment provider's stock worth $181,000 after acquiring an additional 25 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in Applied Materials by 1.3% in the 1st quarter. Pinnacle Bancorp Inc. now owns 2,082 shares of the manufacturing equipment provider's stock valued at $712,000 after purchasing an additional 27 shares during the last quarter. Horst & Graben Wealth Management LLC raised its position in Applied Materials by 2.1% in the 1st quarter. Horst & Graben Wealth Management LLC now owns 1,304 shares of the manufacturing equipment provider's stock valued at $446,000 after purchasing an additional 27 shares during the last quarter. Warther Private Wealth LLC boosted its stake in Applied Materials by 1.5% in the fourth quarter. Warther Private Wealth LLC now owns 1,908 shares of the manufacturing equipment provider's stock worth $490,000 after purchasing an additional 28 shares in the last quarter. Finally, Tradition Wealth Management LLC grew its holdings in shares of Applied Materials by 3.1% during the fourth quarter. Tradition Wealth Management LLC now owns 1,031 shares of the manufacturing equipment provider's stock worth $265,000 after purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Stock Performance

Applied Materials stock opened at $595.70 on Wednesday. The company has a market cap of $472.96 billion, a PE ratio of 55.93, a PEG ratio of 1.46 and a beta of 1.57. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $739.67. The company's 50-day moving average is $525.21 and its two-hundred day moving average is $407.88.

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, topping the consensus estimate 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%. Applied Materials's revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities analysts anticipate that Applied Materials, Inc. will post 12.13 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.4%. Applied Materials's payout ratio is presently 19.91%.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of research reports. Barclays raised their target price on Applied Materials from $500.00 to $590.00 and gave the company an "overweight" rating in a research note on Thursday, June 11th. Cantor Fitzgerald increased their price objective on shares of Applied Materials from $650.00 to $850.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. Susquehanna raised their price objective on shares of Applied Materials from $575.00 to $900.00 and gave the company a "positive" rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. raised their price objective 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. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Applied Materials in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Applied Materials currently has an average rating of "Moderate Buy" and a consensus target price of $589.48.

More Applied Materials News

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

• Positive Sentiment: Applied Materials gained attention after reports of a 10-year AI packaging partnership with TSMC, reinforcing its role in the AI supply chain. Applied Materials (AMAT) Lands 10 Year TSMC AI Packaging Partnership
• Positive Sentiment: Analysts and commentators remain upbeat on AMAT’s AI demand outlook, with Bernstein rating the stock a Buy and Stifel-style bullish commentary saying the company should benefit from a long AI investment cycle. Applied Materials (AMAT) Gets a Buy from Bernstein
• Positive Sentiment: Applied Materials was included in lists of AI beneficiaries poised to produce strong cash flow and capitalize on heavy semiconductor infrastructure spending. The AI Boom Isn't Over: 3 Stocks to Buy for 2H 2026
• Neutral Sentiment: Market headlines also noted Morgan Stanley kept an Equal Weight rating on AMAT, which is supportive but not a strong bullish signal. Morgan Stanley Maintains an “Equal Weight” Rating on Applied Materials, Inc. (AMAT)
• Negative Sentiment: Earlier trading saw AMAT fall with the broader chip sector after weakness in Asian semiconductor names and an oil-price spike pressured tech stocks. Intel, AMD, and Applied Materials Drop 4% as SK Hynix Rout and Oil Spike Hit Chip Stocks

Insider Buying and Selling

In related news, SVP Omkaram Nalamasu sold 24,263 shares of the company's stock in a transaction dated 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 owned 146,916 shares in the company, valued at approximately $87,184,361.88. This represents a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas J. Iannotti sold 9,250 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total value of $5,547,872.50. Following the completion of the transaction, the director directly owned 40,559 shares in the company, valued at $24,326,071.43. The trade was a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 278,088 shares of company stock worth $169,654,805 over the last 90 days. 0.30% of the stock is currently owned by corporate 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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