PNC Financial Services Group Inc. Has $101.30 Million Stock Holdings in Applied Materials, Inc. $AMAT

PNC Financial Services Group Inc. cut its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 494,775 shares of the manufacturing equipment provider’s stock after selling 5,895 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Applied Materials were worth $101,300,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Marquette Asset Management LLC grew its holdings in shares of Applied Materials by 150.0% during the 3rd quarter. Marquette Asset Management LLC now owns 125 shares of the manufacturing equipment provider’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. Financial Gravity Companies Inc. acquired a new position in shares of Applied Materials during the second quarter worth $31,000. Manning & Napier Advisors LLC acquired a new position in shares of Applied Materials during the third quarter worth $31,000. Howard Hughes Medical Institute bought a new stake in Applied Materials during the 2nd quarter worth $32,000. Finally, Total Investment Management Inc. acquired a new position in Applied Materials in the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Buying and Selling at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 609 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $255.53, for a total transaction of $155,617.77. Following the completion of the transaction, the chief accounting officer owned 4,413 shares in the company, valued at $1,127,653.89. This trade represents a 12.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Teri A. Little sold 4,000 shares of Applied Materials stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $238.24, for a total transaction of $952,960.00. Following the completion of the transaction, the senior vice president owned 84,351 shares of the company’s stock, valued at $20,095,782.24. The trade was a 4.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,609 shares of company stock valued at $2,044,898 in the last quarter. 0.30% of the stock is owned by corporate insiders.

Key Applied Materials News

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

• Positive Sentiment: Q1 results beat consensus — EPS of $2.38 topped estimates and revenue of $7.01B beat expectations, evidence that services and AI-related demand are offsetting cyclical headwinds. This beat is the primary catalyst for the rally. Applied Materials Q1 Earnings Beat Estimates, Revenues Fall Y/Y
• Positive Sentiment: Strong guidance and AI-driven order cadence — management set Q2 EPS and revenue guidance above Street consensus and highlighted surging orders tied to AI processors and tightening memory demand, supporting a view of sustained equipment spending. Applied Materials jumps as AI demand drives chipmaking tool orders
• Positive Sentiment: Analyst upgrades and price-target increases — multiple firms raised ratings/targets (examples cited include Needham, Mizuho, Citigroup, B. Riley), which amplifies buying momentum and reduces near-term downside from sell-side skepticism.
• Neutral Sentiment: Regulatory settlement resolved — Applied reached a $252.5M civil settlement with the U.S. Department of Commerce over prior export issues; DOJ and SEC closed related probes without action. The payment is a one-time cost but it removes regulatory overhang going forward. Applied Materials Reaches Resolution with the U.S. Department of Commerce
• Negative Sentiment: Valuation concerns and bear case commentary — some analysts and op-eds argue the stock’s run has left limited upside and warn of pricey multiples; this creates the risk of profit-taking if future execution or guidance lags. Applied Materials: Little Opportunity Left After A Monstrous Run

Applied Materials Stock Up 8.1%

AMAT opened at $354.91 on Monday. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $376.32. The company’s 50-day moving average price is $295.20 and its two-hundred day moving average price is $237.05. The stock has a market cap of $281.70 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 3.13 and a beta of 1.70. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.30.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, February 12th. The manufacturing equipment provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.19. Applied Materials had a net margin of 27.78% and a return on equity of 37.52%. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.88 billion. During the same quarter in the previous year, the firm posted $2.38 EPS. Applied Materials’s 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. As a group, equities analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, February 19th. Applied Materials’s dividend payout ratio is currently 18.83%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMAT. Royal Bank Of Canada set a $430.00 price objective on Applied Materials in a research note on Friday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $470.00 target price on shares of Applied Materials in a report on Friday. KeyCorp increased their target price on shares of Applied Materials from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday. Jefferies Financial Group lifted their price target on shares of Applied Materials from $260.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Mizuho upped their target price on Applied Materials from $370.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and a consensus target price of $361.03.

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.