Twin City Private Wealth LLC Sells 967 Shares of Applied Materials, Inc. $AMAT

Twin City Private Wealth LLC decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 10.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,278 shares of the manufacturing equipment provider’s stock after selling 967 shares during the period. Applied Materials accounts for 2.1% of Twin City Private Wealth LLC’s investment portfolio, making the stock its 12th biggest holding. Twin City Private Wealth LLC’s holdings in Applied Materials were worth $2,829,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. EJMK Ventures LLC boosted its stake in Applied Materials by 19.7% during the 1st quarter. EJMK Ventures LLC now owns 2,283 shares of the manufacturing equipment provider’s stock valued at $780,000 after purchasing an additional 375 shares during the period. Deltec Asset Management LLC acquired a new position in shares of Applied Materials during the first quarter worth approximately $1,709,000. Balentine LLC acquired a new position in shares of Applied Materials during the first quarter worth approximately $415,000. Whelan Financial boosted its position in shares of Applied Materials by 3.1% in the first quarter. Whelan Financial now owns 1,754 shares of the manufacturing equipment provider’s stock valued at $600,000 after acquiring an additional 52 shares during the period. Finally, Financial Life Planners bought a new stake in shares of Applied Materials in the first quarter valued at approximately $73,000. 80.56% of the stock is currently owned by institutional investors.

Applied Materials News Summary

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

• Positive Sentiment: Analysts remained constructive on Applied Materials, with Erste Group raising FY2026 and FY2027 EPS estimates and Cantor Fitzgerald lifting its price target to $850 while keeping an Overweight rating.
• Positive Sentiment: Recent coverage highlighted Applied Materials as a major beneficiary of AI-driven chip spending, with the stock hitting all-time highs and posting its best monthly rally since 1975, supported by stronger earnings expectations and improved sentiment across semiconductor equipment names.
• Neutral Sentiment: Broader market commentary noted that chip stocks were the main laggard even as most equities moved higher, suggesting sector rotation rather than company-specific fundamentals may have pressured AMAT.
• Negative Sentiment: Technical analysts warned that Applied Materials had become extremely overbought and could be due for a reversal after its steep surge, which may have contributed to profit-taking.
• Negative Sentiment: CEO Gary E. Dickerson disclosed two stock sales totaling more than 78,000 shares over June 29-30, a move that can weigh on sentiment even though he still retains a very large stake.

Insider Activity

In other Applied Materials news, SVP Timothy M. Deane sold 8,621 shares of Applied Materials stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the sale, the senior vice president directly owned 134,631 shares of the company’s stock, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Iannotti sold 9,250 shares of the company’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 completion of the sale, the director owned 40,559 shares in the company, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 278,088 shares of company stock valued at $169,654,805. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMAT. Royal Bank Of Canada boosted their target price on shares of Applied Materials from $500.00 to $520.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. B. Riley Financial raised their price target on shares of Applied Materials from $550.00 to $790.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Stifel Nicolaus set a $530.00 price objective on shares of Applied Materials in a report on Friday, May 15th. Jefferies Financial Group upped their price objective on shares of Applied Materials from $510.00 to $770.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $525.00 target price on shares of Applied Materials in a research note on Friday, May 15th. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $553.56.

Applied Materials Stock Down 10.0%

AMAT opened at $650.91 on Thursday. The company has a market capitalization of $516.80 billion, a P/E ratio of 61.12, a P/E/G ratio of 2.01 and a beta of 1.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The firm’s fifty day moving average price is $491.34 and its two-hundred day moving average price is $386.97. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $739.67.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data 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. The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, analysts anticipate that Applied Materials, Inc. will post 12.11 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio is 19.91%.

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.