7,223 Shares in Applied Materials, Inc. $AMAT Purchased by Summit Wealth Partners LLC

Posted by Casey Walker on Jun 23rd, 2026

Summit Wealth Partners LLC bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) in the first quarter, Holdings Channel reports. The fund bought 7,223 shares of the manufacturing equipment provider’s stock, valued at approximately $2,469,000.

Several other large investors have also recently bought and sold shares of AMAT. Vanguard Group Inc. boosted its holdings in shares of Applied Materials by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 76,779,340 shares of the manufacturing equipment provider’s stock valued at $19,731,523,000 after acquiring an additional 330,197 shares in the last quarter. Capital Research Global Investors raised its holdings in Applied Materials by 119.8% during the fourth quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock worth $8,405,458,000 after purchasing an additional 17,829,377 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Applied Materials by 40.1% during the third quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider’s stock worth $2,563,376,000 after purchasing an additional 3,583,751 shares in the last quarter. Morgan Stanley lifted its position in Applied Materials by 3.4% in the fourth quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider’s stock worth $2,947,891,000 after purchasing an additional 373,012 shares during the period. Finally, Norges Bank acquired a new stake in Applied Materials in the fourth quarter worth approximately $2,858,543,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Price Performance

NASDAQ AMAT opened at $640.18 on Tuesday. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $641.18. The business’s fifty day moving average is $455.89 and its two-hundred day moving average is $368.31. The stock has a market capitalization of $508.28 billion, a P/E ratio of 60.11, a P/E/G ratio of 1.72 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 released 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. The business had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, research analysts forecast that Applied Materials, Inc. will post 12.1 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio is currently 19.91%.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMAT. Cantor Fitzgerald lifted their price target on Applied Materials from $575.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Seaport Research Partners began coverage on Applied Materials in a report on Monday, May 4th. They issued a “buy” rating and a $500.00 price objective for the company. UBS Group raised their target price on Applied Materials from $515.00 to $570.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Applied Materials in a report on Friday, March 27th. Finally, Susquehanna boosted their price target on shares of Applied Materials from $435.00 to $500.00 and gave the stock a “positive” rating in a research report on Thursday, April 9th. Twenty-seven equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $495.45.

Get Our Latest Stock Report on AMAT

Insiders Place Their Bets

In other Applied Materials news, insider Prabu G. Raja sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $505.28, for a total transaction of $25,264,000.00. Following the sale, the insider owned 356,642 shares in the company, valued at approximately $180,204,069.76. The trade was a 12.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas J. Iannotti sold 9,250 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the completion of the transaction, the director owned 40,559 shares of the company’s stock, valued at approximately $24,326,071.43. The trade was a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 199,767 shares of company stock worth $114,104,709 over the last three months. Company insiders own 0.30% of the company’s stock.

Key Headlines Impacting Applied Materials

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

Positive Sentiment: Citi raised its price target on Applied Materials to $710 from $550 and kept a Buy rating, signaling stronger confidence in the semiconductor equipment maker’s outlook. A Growing Supply Gap Has Analysts Eyeing Applied Materials (AMAT)
Positive Sentiment: Reuters reported that Applied Materials signed a long-term deal with EssilorLuxottica to develop augmented-reality display technology and AI glasses, expanding its opportunity in emerging wearable and AI-related markets. Applied Materials (AMAT) and EssilorLuxottica Sign Long-Term Deal, Reuters Reports
Positive Sentiment: Recent commentary says AI demand may help justify AMAT’s premium valuation, with investors focusing on the company’s role in semiconductor and AI infrastructure spending. Applied Materials Is Now More Expensive Than Its Dot-Com Era Peak. AI Demand Justifies the AMAT Stock Valuation.
Neutral Sentiment: Insider Prabu G. Raja sold 10,000 shares, a routine filing that may draw attention but does not necessarily indicate a change in the company’s fundamentals. SEC Form 4 filing
Negative Sentiment: Some articles highlighted concerns that AMAT’s valuation is becoming stretched, which could limit near-term upside if growth expectations cool. Applied Materials Stock Looks Pricey—Can AI Demand Justify the Rally?

Applied Materials Profile

(Free Report)

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.