Plimoth Trust Co. LLC Has $9.41 Million Holdings in Applied Materials, Inc. $AMAT

Plimoth Trust Co. LLC lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 6.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 27,537 shares of the manufacturing equipment provider’s stock after selling 2,039 shares during the quarter. Applied Materials accounts for about 2.1% of Plimoth Trust Co. LLC’s portfolio, making the stock its 7th largest position. Plimoth Trust Co. LLC’s holdings in Applied Materials were worth $9,412,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in shares of Applied Materials by 4.9% in the third quarter. First Trust Advisors LP now owns 3,101,772 shares of the manufacturing equipment provider’s stock valued at $635,057,000 after purchasing an additional 145,050 shares during the period. Evolve Private Wealth LLC grew its stake in Applied Materials by 59.0% in the first quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider’s stock worth $983,000 after purchasing an additional 1,067 shares in the last quarter. Worth Asset Management LLC bought a new position in Applied Materials in the fourth quarter worth approximately $1,531,000. World Investment Advisors increased its holdings in Applied Materials by 4.5% during the 4th quarter. World Investment Advisors now owns 82,296 shares of the manufacturing equipment provider’s stock worth $21,149,000 after purchasing an additional 3,508 shares during the period. Finally, WealthPlan Investment Management LLC purchased a new position in Applied Materials during the 4th quarter worth $1,082,000. Institutional investors own 80.56% of the company’s stock.

More Applied Materials News

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

• Positive Sentiment: Analysts remain broadly bullish on Applied Materials, with Zacks upgrading the stock to strong-buy and other recent research highlighting AMAT as a key beneficiary of the AI semiconductor equipment cycle. Article Title
• Positive Sentiment: Recent coverage says Applied Materials is benefiting from accelerating growth in AI-related chip demand, with record earnings momentum and a new Street-high target reinforcing the bull case. Article Title
• Positive Sentiment: Applied Materials also discussed DRAM and advanced packaging innovations tied to AI-driven semiconductor growth, which supports the view that its product mix remains well positioned for the current cycle. Article Title
• Neutral Sentiment: Some articles question whether AMAT is becoming too expensive after its rally, suggesting valuation concerns could limit upside if growth expectations cool. Article Title
• Neutral Sentiment: Michael Burry reportedly added to short bets against Applied Materials and other chip names, adding a bearish sentiment overlay on the semiconductor sector. Article Title
• Negative Sentiment: Applied Materials CEO Gary Dickerson disclosed two recent stock sales totaling more than 78,000 shares, which can weigh on investor sentiment even though he still owns a large position. Article Title
• Negative Sentiment: Semiconductor stocks, including AMAT, also came under pressure in broader sector selloffs as investors worried that AI-driven chip demand may be cooling and took profits after a strong rally. Article Title

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $603.04 on Friday. Applied Materials, Inc. has a 12-month low of $154.46 and a 12-month high of $739.67. The stock’s fifty day simple moving average is $499.51 and its two-hundred day simple moving average is $390.89. The stock has a market capitalization of $478.79 billion, a PE ratio of 56.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.57. 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 released its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.68 by $0.18. The firm 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 business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, analysts expect that Applied Materials, Inc. will post 12.11 EPS for the current fiscal year.

Applied Materials Announces Dividend

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

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 shares were sold at an average price of $505.28, for a total value of $25,264,000.00. Following the completion of the transaction, the insider directly owned 356,642 shares in the company, valued at approximately $180,204,069.76. The trade was a 12.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Iannotti sold 9,250 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 278,088 shares of company stock valued at $169,654,805 in the last three months. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMAT has been the subject of several research reports. B. Riley Financial upped their target price on Applied Materials from $550.00 to $790.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Bank of America raised their price target on Applied Materials from $540.00 to $720.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Barclays lifted their price objective on Applied Materials from $500.00 to $590.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Citigroup upped their price objective on shares of Applied Materials from $550.00 to $710.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company increased their target price on shares of Applied Materials from $715.00 to $740.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Applied Materials presently has an average rating of “Moderate Buy” and an average target price of $553.56.

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.