State Street Corp Has $9.75 Billion Stock Position in Applied Materials, Inc. $AMAT

Key Points

• State Street Corp remains a major Applied Materials holder, owning about 37.9 million shares worth roughly $9.75 billion even after trimming its stake slightly in the fourth quarter. Institutional investors overall still own about 80.56% of the stock.
• Applied Materials posted a strong quarter, with EPS of $2.86 and revenue of $7.91 billion, both ahead of analyst expectations. The company also raised guidance, with Q3 2026 EPS projected at $3.16 to $3.56.
• Sentiment around AMAT remains bullish: several analysts raised targets and ratings, including Jefferies and Deutsche Bank, while the company announced a quarterly dividend of $0.53 per share payable in September.

State Street Corp reduced its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 37,930,623 shares of the manufacturing equipment provider's stock after selling 241,479 shares during the period. State Street Corp owned approximately 4.78% of Applied Materials worth $9,747,791,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in AMAT. Redmont Wealth Advisors LLC bought a new position in shares of Applied Materials during the 3rd quarter worth approximately $26,000. Highline Wealth Partners LLC grew 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 acquiring an additional 38 shares in the last quarter. Joseph Group Capital Management bought a new position in shares of Applied Materials during the 4th quarter worth approximately $31,000. Dogwood Wealth Management LLC grew its stake 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 worth $33,000 after acquiring an additional 44 shares in the last quarter. Finally, IMG Wealth Management Inc. grew its stake 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 worth $34,000 after acquiring an additional 78 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Insider Activity at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 268 shares of Applied Materials stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $434.22, for a total transaction of $116,370.96. Following the completion of the transaction, the chief accounting officer directly owned 4,280 shares of the company's stock, valued at $1,858,461.60. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brice Hill sold 2,500 shares of Applied Materials stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $498.86, for a total value of $1,247,150.00. Following the sale, the chief financial officer directly owned 136,113 shares of the company's stock, valued at $67,901,331.18. This represents a 1.80% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 53,896 shares of company stock valued at $27,135,121. 0.30% of the stock is owned by company insiders.

Applied Materials Trading Up 2.6%

AMAT stock opened at $567.25 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The company has a fifty day moving average price of $427.22 and a two-hundred day moving average price of $352.62. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $569.95. The stock has a market cap of $450.37 billion, a price-to-earnings ratio of 53.26, a price-to-earnings-growth ratio of 1.54 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.18. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The firm had revenue of $7.91 billion during the quarter, compared to analysts' expectations of $7.68 billion. During the same period in the previous year, the business posted $2.39 earnings per share. The company's revenue for the quarter 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. Equities analysts anticipate that Applied Materials, Inc. will post 12.1 EPS for the current year.

Applied Materials Dividend Announcement

The business also recently disclosed 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. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials's payout ratio is 19.91%.

Analysts Set New Price Targets

AMAT has been the subject of several research reports. DZ Bank raised shares of Applied Materials to a "hold" rating in a research note on Monday, February 16th. Jefferies Financial Group raised their price target on shares of Applied Materials from $415.00 to $510.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Applied Materials from $450.00 to $550.00 and gave the company a "buy" rating in a research note on Friday, May 15th. KGI Securities raised shares of Applied Materials to an "outperform" rating and set a $425.00 target price for the company in a research note on Friday, February 13th. Finally, Erste Group Bank raised shares of Applied Materials from a "hold" rating to a "buy" rating in a research note on Monday, April 27th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Applied Materials presently has an average rating of "Moderate Buy" and a consensus target price of $483.03.

Key Applied Materials News

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

• Positive Sentiment: Barclays reiterated an Overweight rating on Applied Materials, saying investment in new chip supply remains strong and supporting the stock’s bullish momentum. Applied Materials and KLA Are Surging. Why You Should Buy the Stocks, Says This Analyst.
• Positive Sentiment: Erste Group Bank raised its earnings estimates for Applied Materials, lifting FY2026 EPS forecast to $12.20 and FY2027 to $16.29, while keeping a Buy rating. Applied Materials estimate revision
• Positive Sentiment: Several recent articles highlighted Applied Materials as a top momentum and AI-beneficiary stock, with commentary pointing to strong May performance, heavy hedge fund ownership, and broad analyst support. Is Applied Materials (AMAT) A Good Stock to Buy Now?
• Positive Sentiment: Investor attention is also being fueled by a recent 52-week-high move and reports of continued rotation into chip equipment stocks, reinforcing the view that AMAT remains a favored AI infrastructure name. Why Did AMAT, AMPG, OSCR Stocks Surge To 52-Week Highs Today?
• Neutral Sentiment: Other coverage today was largely repeated “great momentum stock” and “attracting investor attention” pieces, reflecting strong market interest rather than a new company-specific catalyst. Applied Materials (AMAT) is a Great Momentum Stock: Should You Buy?

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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