Notis McConarty Edward Buys 3,963 Shares of Applied Materials, Inc. $AMAT

Key Points

• Notis McConarty Edward increased its Applied Materials stake by 38.2% in the fourth quarter, buying 3,963 additional shares and bringing its total holding to 14,341 shares worth about $3.685 million.
• Applied Materials reported strong quarterly results, with EPS of $2.86 beating estimates and revenue of $7.91 billion topping expectations; the company also issued Q3 2026 guidance of $3.16 to $3.56 per share.
• Wall Street remains broadly bullish on AMAT, with 27 analysts rating it a Buy and a consensus price target of $483.03, while recent target increases from firms like Cantor Fitzgerald and Citigroup reinforced positive sentiment.

Notis McConarty Edward raised its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,341 shares of the manufacturing equipment provider's stock after acquiring an additional 3,963 shares during the period. Applied Materials comprises approximately 1.7% of Notis McConarty Edward's investment portfolio, making the stock its 21st largest holding. Notis McConarty Edward's holdings in Applied Materials were worth $3,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Cornerstone Financial Management LLC bought a new position in Applied Materials during the 4th quarter valued at $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Applied Materials during the 3rd quarter worth $26,000. Wilkerson Advisory Group LLC bought a new stake in shares of Applied Materials during the 4th quarter worth $26,000. Highline Wealth Partners LLC raised its stake 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 worth $30,000 after purchasing an additional 38 shares during the period. Finally, Joseph Group Capital Management bought a new stake in shares of Applied Materials during the 4th quarter worth $31,000. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Trading Down 3.0%

Shares of AMAT opened at $568.23 on Wednesday. The business has a 50-day moving average of $436.36 and a 200 day moving average of $358.14. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $600.91. The firm has a market cap of $451.15 billion, a P/E ratio of 53.35, a price-to-earnings-growth ratio of 1.63 and a beta of 1.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, topping 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 company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.68 billion. During the same quarter last year, the firm posted $2.39 EPS. The firm's revenue for the quarter was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, research analysts forecast that Applied Materials, Inc. will post 12.1 EPS for the current year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 annualized dividend and a yield of 0.4%. Applied Materials's dividend payout ratio (DPR) is 19.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Citigroup lifted their target price on Applied Materials from $420.00 to $520.00 and gave the stock a "buy" rating in a research note on Tuesday, May 12th. Argus lifted their target price on Applied Materials from $420.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, May 19th. Truist Financial set a $575.00 target price on Applied Materials in a research note on Thursday, May 28th. Susquehanna lifted their target price on Applied Materials from $435.00 to $500.00 and gave the stock a "positive" rating in a research note on Thursday, April 9th. Finally, Cantor Fitzgerald lifted their target price on Applied Materials from $575.00 to $650.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 10th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Applied Materials currently has an average rating of "Moderate Buy" and a consensus price target of $483.03.

Insider Transactions at Applied Materials

In related news, Director Judy Bruner sold 1,128 shares of Applied Materials stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $450.00, for a total value of $507,600.00. Following the completion of the sale, the director owned 26,544 shares of the company's stock, valued at approximately $11,944,800. This trade represents a 4.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Adam Sanders sold 268 shares of Applied Materials stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $434.22, for a total value of $116,370.96. Following the completion of the sale, the chief accounting officer directly owned 4,280 shares of the company's stock, valued at approximately $1,858,461.60. This trade represents a 5.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 53,896 shares of company stock worth $27,135,121. Insiders own 0.30% of the company's stock.

Key Applied Materials News

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

• Positive Sentiment: Applied Materials announced a long-term joint development agreement with EssilorLuxottica to co-develop AR and AI-powered smart eyewear optics, opening a new growth angle beyond its core semiconductor equipment business. Article Title
• Positive Sentiment: The company also unveiled new deposition and selective etch systems designed to improve precision in 3D chip structures, a development aimed at boosting performance and yield for AI chips. Article Title
• Positive Sentiment: Applied Materials opened a new $500 million manufacturing facility in Singapore, signaling continued investment to expand capacity and support demand tied to AI-driven semiconductor equipment growth. Article Title
• Positive Sentiment: Barclays and Cantor Fitzgerald raised their price targets on AMAT, reinforcing bullish sentiment around wafer fab equipment spending and the company’s earnings outlook. Article Title
• Neutral Sentiment: Some commentary noted that AMAT’s valuation has become stretched after a strong rally, which may limit upside even as fundamentals remain solid. Article Title
• Negative Sentiment: One market note said AMAT slipped despite the EssilorLuxottica deal, suggesting investors may be taking profits or waiting for clearer near-term financial impact from the partnership. Article Title

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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