Thomas Iannotti Sells 9,250 Shares of Applied Materials (NASDAQ:AMAT) Stock

Applied Materials, Inc. (NASDAQ:AMAT) Director Thomas Iannotti sold 9,250 shares of the stock in a transaction on 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 completion of the transaction, the director owned 40,559 shares of the company’s stock, valued at $24,326,071.43. The trade was a 18.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Applied Materials Price Performance

NASDAQ:AMAT traded up $24.69 during trading hours on Wednesday, hitting $592.92. The company’s stock had a trading volume of 11,009,669 shares, compared to its average volume of 7,645,653. The business’s 50-day moving average is $436.36 and its two-hundred day moving average is $358.14. The company has a market capitalization of $470.75 billion, a PE ratio of 55.67, a PEG 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, Inc. has a 52-week low of $154.46 and a 52-week high of $623.35.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.68 billion. During the same quarter last year, the firm posted $2.39 EPS. The business’s 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 anticipate that Applied Materials, Inc. will post 12.1 EPS for the current fiscal year.

Applied Materials Announces Dividend

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 paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio (DPR) is presently 19.91%.

Analyst Ratings Changes

Several research firms recently weighed in on AMAT. The Goldman Sachs Group raised their price objective on Applied Materials from $390.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Sanford C. Bernstein restated an “outperform” rating and issued a $525.00 price target on shares of Applied Materials in a research report on Friday, May 15th. HSBC initiated coverage on Applied Materials in a research report on Friday, May 8th. They issued a “buy” rating and a $517.00 price target for the company. Zacks Research downgraded shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Stifel Nicolaus set a $530.00 price objective on shares of 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 given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $489.16.

More Applied Materials News

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

• Positive Sentiment: Citi’s higher price target and broader optimism around AI spending are fueling demand for semiconductor equipment stocks, with AMAT singled out as a beneficiary. Applied Materials surges as Citi lifts target on AI demand boom
• Positive Sentiment: Applied Materials unveiled SENZ, a fully integrated visual system for next-generation smart glasses, expanding its addressable market beyond semiconductor tools and into AI/AR hardware infrastructure. Applied Materials shares jump on launch of integrated AR smart glasses system
• Positive Sentiment: Its Semiconductor Systems segment is still benefiting from AI-driven chip investments, with record revenue and strength in advanced packaging pointing to continued momentum in 2026. Can AMAT’s Semiconductor Systems Segment Sustain Momentum in 2026?
• Positive Sentiment: A long-term partnership with EssilorLuxottica to develop AR optics and AI-powered smart eyewear gives AMAT another growth narrative and supports the view that the company is building new revenue streams. EssilorLuxottica and Applied Materials Join Forces to Advance Augmented Reality Optics Platforms for Next-Generation Smart Glasses
• Neutral Sentiment: Several commentary pieces argue that semiconductor equipment suppliers are capturing outsized value in the AI supply chain, reinforcing a favorable industry backdrop for AMAT. Why Semiconductor Equipment Suppliers Are Crushing Their Customers in 2026
• Negative Sentiment: Some market commentary notes AMAT’s valuation has become stretched, which could make the stock more vulnerable if AI demand or analyst enthusiasm cools. Applied Materials valuation tops dot-com peak

Institutional Trading of Applied Materials

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMAT. Cornerstone Financial Management LLC purchased a new stake in shares of Applied Materials during the fourth quarter worth about $25,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Applied Materials during the third quarter worth about $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Applied Materials during the fourth quarter worth about $26,000. Financial Freedom LLC purchased a new stake in Applied Materials in the 1st quarter worth approximately $28,000. 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 worth $30,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

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.