Carnegie Investment Counsel Has $56.62 Million Position in Applied Materials, Inc. $AMAT

Carnegie Investment Counsel cut its position in Applied Materials, Inc. (NASDAQ:AMAT) by 14.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 165,653 shares of the manufacturing equipment provider’s stock after selling 28,792 shares during the period. Applied Materials comprises about 1.1% of Carnegie Investment Counsel’s portfolio, making the stock its 15th biggest holding. Carnegie Investment Counsel’s holdings in Applied Materials were worth $56,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Applied Materials by 28.0% in the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock valued at $2,061,000 after acquiring an additional 2,771 shares during the period. Sivia Capital Partners LLC boosted its holdings in Applied Materials by 26.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,225 shares of the manufacturing equipment provider’s stock valued at $590,000 after purchasing an additional 679 shares during the period. Forefront Wealth Partners LLC acquired a new position in shares of Applied Materials during the 2nd quarter worth approximately $410,000. Schnieders Capital Management LLC. increased its holdings in shares of Applied Materials by 30.1% during the second quarter. Schnieders Capital Management LLC. now owns 15,003 shares of the manufacturing equipment provider’s stock worth $2,747,000 after purchasing an additional 3,469 shares during the period. Finally, Sei Investments Co. raised its position in shares of Applied Materials by 59.3% in the second quarter. Sei Investments Co. now owns 422,694 shares of the manufacturing equipment provider’s stock valued at $77,383,000 after buying an additional 157,426 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Price Performance

NASDAQ AMAT traded up $13.84 on Friday, hitting $602.50. 6,270,022 shares of the company’s stock were exchanged, compared to its average volume of 12,077,411. The stock has a 50-day moving average of $517.90 and a 200-day moving average of $402.29. The stock has a market cap of $478.36 billion, a price-to-earnings ratio of 56.57, a P/E/G ratio of 1.67 and a beta of 1.57. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week high of $739.67. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results 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 return on equity of 36.97% and a net margin of 29.31%.The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.68 billion. During the same quarter in the previous year, the firm earned $2.39 EPS. Applied Materials’s revenue was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Analysts expect that Applied Materials, Inc. will post 12.13 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 annualized dividend and a yield of 0.4%. Applied Materials’s payout ratio is presently 19.91%.

Insider Transactions at Applied Materials

In other news, Director Thomas J. Iannotti sold 9,250 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total value of $5,547,872.50. Following the sale, the director directly owned 40,559 shares in the company, valued at approximately $24,326,071.43. This trade represents a 18.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Prabu G. Raja sold 50,000 shares of Applied Materials stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $505.28, for a total transaction of $25,264,000.00. Following the sale, the insider directly owned 356,642 shares in the company, valued at $180,204,069.76. This trade represents a 12.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 278,088 shares of company stock valued at $169,654,805. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMAT. Raymond James Financial set a $650.00 price target on Applied Materials in a research report on Wednesday, June 10th. Jefferies Financial Group upped their target price on Applied Materials from $510.00 to $770.00 and gave the company a “buy” rating in a research report on Friday, June 26th. The Goldman Sachs Group increased their target price on Applied Materials from $390.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Wall Street Zen upgraded Applied Materials from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Wells Fargo & Company boosted their price target on Applied Materials from $715.00 to $740.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $589.48.

Key Headlines Impacting Applied Materials

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

• Positive Sentiment: Applied Materials rallied after CEO Gary Dickerson said chipmakers have “tremendous visibility” into demand, implying the AI investment cycle could support equipment orders for years rather than quarters. Applied Materials (AMAT) Stock Jumps after CEO Says AI Chip Demand Has Years to Run
• Positive Sentiment: Meta Platforms’ reported plan to begin manufacturing an in-house AI chip helped spark a broader rally in semiconductor equipment stocks, including Applied Materials, on expectations that AI infrastructure spending will remain strong. Applied Materials stock jumps as Meta AI chip plan lifts semiconductor names
• Positive Sentiment: Stifel and Needham both raised their price targets on AMAT and kept buy ratings, reinforcing the view that improving fundamentals and AI-driven demand could support further upside. Applied Materials PT Raised to $650 at Stifel
• Neutral Sentiment: Applied Materials was removed from several Russell value-oriented indices in late June, a classification change that reflects the stock’s shift toward being viewed more as an AI/semiconductor growth name than a value stock. How Investors Are Reacting To Applied Materials (AMAT) Being Dropped From Key Russell Value Indices
• Neutral Sentiment: Short-interest data showed no reported short interest as of July 10, offering little evidence of bearish positioning from the latest filing.

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.