Teacher Retirement System of Texas Has $52.18 Million Holdings in Applied Materials, Inc. $AMAT

Key Points

• Teacher Retirement System of Texas raised its position in Applied Materials (AMAT) by 10.1% to 203,024 shares worth about $52.18 million, and institutional investors now own roughly 80.6% of the stock.
• Applied Materials beat expectations for the latest quarter with $2.38 EPS (vs. $2.21 est.) and $7.01 billion in revenue, and set Q2 2026 guidance of $2.44–$2.84 EPS.
• The company increased its quarterly dividend to $0.53 (annualized $2.12, 0.5% yield) while analysts remain largely positive—majority Buy ratings and an average target near $368 versus the current share price around $403.

Teacher Retirement System of Texas raised its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,024 shares of the manufacturing equipment provider's stock after buying an additional 18,583 shares during the period. Teacher Retirement System of Texas' holdings in Applied Materials were worth $52,175,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marquette Asset Management LLC lifted its position in shares of Applied Materials by 150.0% during the third quarter. Marquette Asset Management LLC now owns 125 shares of the manufacturing equipment provider's stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Applied Materials during the third quarter worth approximately $26,000. Highline Wealth Partners LLC lifted its position in shares of Applied Materials by 48.7% during the fourth 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 in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Applied Materials during the third quarter worth approximately $31,000. Finally, Guerra Advisors Inc acquired a new position in shares of Applied Materials during the third quarter worth approximately $35,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Stock Up 2.3%

Shares of NASDAQ:AMAT opened at $403.48 on Thursday. Applied Materials, Inc. has a 52 week low of $142.74 and a 52 week high of $407.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.94 and a current ratio of 2.71. The company has a market capitalization of $320.21 billion, a PE ratio of 41.30, a PEG ratio of 1.76 and a beta of 1.64. The company has a 50 day moving average price of $363.69 and a two-hundred day moving average price of $298.99.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, February 12th. The manufacturing equipment provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.21 by $0.17. Applied Materials had a net margin of 27.78% and a return on equity of 37.52%. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the prior year, the firm earned $2.38 earnings per share. The business's quarterly revenue was down 2.1% on a year-over-year basis. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. Analysts forecast that Applied Materials, Inc. will post 11.1 earnings per share for the current year.

Applied Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This is a boost from Applied Materials's previous quarterly dividend of $0.46. This represents a $2.12 annualized dividend and a yield of 0.5%. Applied Materials's payout ratio is currently 21.70%.

Insider Buying and Selling at Applied Materials

In other Applied Materials news, Director Judy Bruner sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $391.71, for a total value of $979,275.00. Following the completion of the sale, the director owned 26,089 shares of the company's stock, valued at approximately $10,219,322.19. This represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Adam Sanders sold 534 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $379.16, for a total transaction of $202,471.44. Following the completion of the sale, the chief accounting officer directly owned 4,625 shares of the company's stock, valued at $1,753,615. The trade was a 10.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 12,003 shares of company stock valued at $4,484,189. Corporate insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AMAT shares. Sanford C. Bernstein reiterated an "outperform" rating and set a $425.00 target price on shares of Applied Materials in a research report on Friday, February 13th. Zacks Research upgraded shares of Applied Materials from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 17th. Citigroup increased their price objective on shares of Applied Materials from $400.00 to $420.00 and gave the company a "buy" rating in a report on Friday, February 13th. Wells Fargo & Company increased their price objective on shares of Applied Materials from $350.00 to $435.00 and gave the company an "overweight" rating in a report on Friday, February 13th. Finally, Susquehanna increased their price objective on shares of Applied Materials from $435.00 to $500.00 and gave the company a "positive" rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $368.29.

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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