Pinnbrook Capital Management LP Purchases New Shares in Applied Materials, Inc. $AMAT

Key Points

• Pinnbrook Capital Management disclosed a new fourth-quarter stake in Applied Materials, buying 13,303 shares valued at about $3.4 million. Other institutional investors also increased holdings, and hedge funds own about 80.56% of the stock.
• Applied Materials reported better-than-expected quarterly results, with EPS of $2.86 and revenue of $7.91 billion, both beating estimates. The company also raised guidance for Q3 2026 and has seen multiple analysts lift price targets, with sentiment remaining broadly positive.
• The company raised its quarterly dividend to $0.53 per share from $0.46, while insider selling was also reported in recent months. Despite these trades, the stock has been trading near its highs, recently opening around $427.36 versus a 52-week high of $448.45.

Pinnbrook Capital Management LP purchased a new stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,303 shares of the manufacturing equipment provider's stock, valued at approximately $3,419,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Godsey & Gibb Inc. raised its position in Applied Materials by 2.6% in the 4th quarter. Godsey & Gibb Inc. now owns 1,298 shares of the manufacturing equipment provider's stock valued at $334,000 after buying an additional 33 shares during the last quarter. Family Capital Management Inc. grew its stake in Applied Materials by 0.8% in the 4th quarter. Family Capital Management Inc. now owns 4,227 shares of the manufacturing equipment provider's stock valued at $1,086,000 after purchasing an additional 33 shares during the period. Denali Advisors LLC grew its stake in Applied Materials by 0.7% in the 4th quarter. Denali Advisors LLC now owns 4,582 shares of the manufacturing equipment provider's stock valued at $1,178,000 after purchasing an additional 34 shares during the period. Traveka Wealth LLC grew its stake in Applied Materials by 2.6% in the 4th quarter. Traveka Wealth LLC now owns 1,404 shares of the manufacturing equipment provider's stock valued at $361,000 after purchasing an additional 36 shares during the period. Finally, Highline Wealth Partners LLC grew its stake in Applied Materials by 48.7% in the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider's stock valued at $30,000 after purchasing an additional 38 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AMAT shares. KGI Securities upgraded Applied Materials to an "outperform" rating and set a $425.00 price objective for the company in a research note on Friday, February 13th. HSBC started coverage on Applied Materials in a research note on Friday, May 8th. They issued a "buy" rating and a $517.00 price objective for the company. KeyCorp upped their price objective on Applied Materials from $450.00 to $550.00 and gave the company an "overweight" rating in a research note on Friday, May 15th. Erste Group Bank upgraded Applied Materials from a "hold" rating to a "buy" rating in a research note on Monday, April 27th. Finally, Stifel Nicolaus set a $530.00 price objective on Applied Materials in a research note on Friday, May 15th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $465.14.

Applied Materials Stock Up 0.1%

AMAT stock opened at $427.36 on Friday. 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 company has a market capitalization of $339.16 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.20 and a beta of 1.66. Applied Materials, Inc. has a fifty-two week low of $153.47 and a fifty-two week high of $448.45. The stock has a fifty day moving average of $385.47 and a 200-day moving average of $325.31.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.18. The business had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, equities research analysts predict that Applied Materials, Inc. will post 12.02 earnings per share for the current year.

Applied Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, May 21st. This is an increase from Applied Materials's previous quarterly dividend of $0.46. Applied Materials's payout ratio is 17.28%.

Insider Activity

In other Applied Materials news, Director Judy Bruner sold 2,500 shares of the firm's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $391.71, for a total value of $979,275.00. Following the sale, the director owned 26,089 shares of the company's stock, valued at $10,219,322.19. This trade represents a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Adam Sanders sold 534 shares of the firm's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $379.16, for a total value of $202,471.44. Following the completion of the sale, the chief accounting officer directly owned 4,625 shares in the company, valued at approximately $1,753,615. The trade was a 10.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 7,003 shares of company stock worth $2,678,139. Insiders own 0.30% of the company's stock.

Applied Materials News Roundup

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

• Positive Sentiment: Applied Materials announced Broadcom as an EPIC innovation partner, deepening its role in advanced packaging R&D for AI chips and systems. Applied Materials Announces Broadcom as EPIC Innovation Partner
• Positive Sentiment: Recent commentary highlighted AMAT’s strong Q1 results, including revenue and earnings beats plus upbeat guidance, reinforcing the view that AI spending is lifting semiconductor equipment demand. AMAT Q1 Deep Dive: AI Demand Drives Growth in Semiconductor Equipment and Services
• Positive Sentiment: Applied Materials was named to a Zacks Rank #1 momentum list, suggesting analysts see continued near-term strength in the stock’s trend. Best Momentum Stocks to Buy for May 20th
• Neutral Sentiment: Several articles compared AMAT favorably with peers like Lam Research, but these were mostly valuation and strategy discussions rather than new company-specific developments. Lam Research vs. Applied Materials: Which AI Chip Stock Has the Edge?
• Negative Sentiment: AMAT was mentioned among semiconductor names that fell during a broader sector sell-off tied to Samsung labor-strike concerns and TSMC-related supply-chain worries, which could create short-term pressure. MACOM, Applied Materials, and Photronics Shares Are Falling, What You Need To Know

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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