First National Bank of Mount Dora Trust Investment Services Cuts Stake in Applied Materials, Inc. $AMAT

Key Points

• First National Bank of Mount Dora Trust Investment Services reduced its Applied Materials stake by 22.1% in the first quarter, selling 6,666 shares and retaining 23,564 shares worth approximately $8.05 million. Institutional investors still own 80.56% of the company.
• Applied Materials reported quarterly adjusted EPS of $2.86 and revenue of $7.91 billion, exceeding analyst estimates, while revenue rose 11.4% year over year. The company also issued third-quarter 2026 EPS guidance of $3.16–$3.56.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $599.19 price target, although recent insider sales totaled $169.7 million. The company declared a quarterly dividend of $0.53 per share, yielding about 0.4%.

First National Bank of Mount Dora Trust Investment Services cut its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 22.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,564 shares of the manufacturing equipment provider's stock after selling 6,666 shares during the quarter. Applied Materials makes up about 1.7% of First National Bank of Mount Dora Trust Investment Services' investment portfolio, making the stock its 23rd largest position. First National Bank of Mount Dora Trust Investment Services' holdings in Applied Materials were worth $8,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Freedom LLC purchased a new stake in shares of Applied Materials in the 1st quarter worth approximately $28,000. Cornerstone Financial Management LLC bought a new position in shares of Applied Materials during the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC increased its holdings in Applied Materials by 218.8% during the first quarter. Whipplewood Advisors LLC now owns 102 shares of the manufacturing equipment provider's stock valued at $35,000 after buying an additional 70 shares during the period. Wilkerson Advisory Group LLC bought a new position in Applied Materials in the fourth quarter worth approximately $26,000. Finally, MBM Wealth Consultants LLC bought a new position in Applied Materials in the first quarter worth approximately $38,000. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Stock Performance

Shares of AMAT opened at $507.67 on Monday. The stock has a 50-day moving average of $550.86 and a two-hundred day moving average of $430.85. Applied Materials, Inc. has a one year low of $154.46 and a one year 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 stock has a market cap of $403.07 billion, a P/E ratio of 47.67, a P/E/G ratio of 1.29 and a beta of 1.61.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.68 billion. During the same quarter in the previous year, the business earned $2.39 EPS. The company's quarterly revenue 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 predict that Applied Materials, Inc. will post 12.14 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 paid a $0.53 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.4%. Applied Materials's dividend payout ratio is presently 19.91%.

Insider Activity at Applied Materials

In other news, Director Thomas J. Iannotti sold 9,250 shares of the company's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total value of $5,547,872.50. Following the sale, the director owned 40,559 shares in the company, valued at $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a 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 dated Monday, June 15th. The stock was sold at an average price of $590.76, for a total value of $5,092,941.96. Following the sale, the senior vice president directly owned 134,631 shares in the company, valued at approximately $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 278,088 shares of company stock valued at $169,654,805 over the last ninety days. Corporate insiders own 0.30% of the company's stock.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Semiconductor stocks rallied this week on strong technology earnings, while three semiconductor ETFs ranked among the largest recipients of new investor cash. The sector-wide buying provides a favorable backdrop for Applied Materials. Semiconductor ETFs Draw Cash This Week as Chip Stocks Rally
• Positive Sentiment: A bullish analysis maintains a “Strong Buy” view after AMAT’s substantial multiyear advance, citing the company’s exposure to AI-driven semiconductor equipment demand and continued operating momentum. Applied Materials: Why I'm Maintaining A Strong Buy After A 45% Run
• Positive Sentiment: Zacks highlighted Applied Materials’ AI-driven momentum, record results, expanding margins and improving customer visibility. These factors reinforce expectations for durable growth. AMAT recently exceeded quarterly earnings and revenue estimates, with revenue increasing year over year and upbeat quarterly earnings guidance. The Zacks Analyst Blog Highlights Applied Materials
• Neutral Sentiment: Coverage of Lam Research’s surge indicates that AI equipment demand was already visible in industry results. This supports the semiconductor-equipment cycle generally, although it does not provide a company-specific update for AMAT. Lam Research Stock's Surge Was Building In Plain Sight
• Negative Sentiment: Despite long-term support from initiatives such as the AI Materials Foundry, one valuation analysis argues that AMAT may not be a bargain after a 218.9% five-year gain. The elevated valuation and high expectations could limit additional upside or increase sensitivity to any slowdown in AI-related spending. Applied Materials Stock May Not Be A Bargain Despite AI Materials Foundry News

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings restated a "buy (b-)" rating on shares of Applied Materials in a report on Wednesday, June 24th. Cantor Fitzgerald boosted their price target on Applied Materials from $650.00 to $850.00 and gave the stock an "overweight" rating in a research report on Monday, June 29th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $525.00 price objective on shares of Applied Materials in a research report on Friday, May 15th. Stifel Nicolaus lifted their target price on Applied Materials from $530.00 to $650.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Finally, Royal Bank Of Canada boosted their target price on shares of Applied Materials from $500.00 to $520.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Applied Materials has a consensus rating of "Moderate Buy" and a consensus price target of $599.19.

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.